I moved back home after my university moved my classes to online (mid-march). I’m now paying rent on an apartment I don’t need and have a lease for next school year that I might not use. Even if in-person classes start again, I’ll have to worry about being screwed again next spring. The only other option I could think of was subleasing but unfortunately I signed my lease in January.
Usually breaking a lease is 1.5-2.5x a month's rent. This will definitely be cheaper than paying for an apartment you won't use, even though it sucks.
For example, in New York, if you break a lease the landlord is obligated to make a “reasonable effort” to re-rent the apartment. You are still on the hook in the interim. In the current environment, the apartment probably won’t be re-rented.