Finding an apartment to rent can be exciting and overwhelming at the same time. You have a lot of options when it comes to choosing your next rental, so we’ve put together a short guide that’ll help you compare your options to find the perfect apartment to rent.
How Much Will It Cost
Rent varies from apartment to apartment, but it’s not the only consideration you need to factor in when it comes to your rental budget. Besides rent, you’ll incur other expenses such as security deposit, application fees, pet fees (if applicable), utilities (included or not included in the rent?), parking costs, and amenities. All these factors can have an impact on whether you rent or don’t rent a specific apartment, so consider each carefully.
Rent varies from place to place, depending on location and the size of the apartment.
The Security Deposit usually equals one month’s rent, but again, can vary from property to property.
The Application Fee averages about $51, but the pricier the rent is, the higher the application fee is likely to be.
A Pet Fee might be a single higher security deposit, or it could be a monthly fee that’s paid along with your rent. Read your lease carefully as there could be additional fees if your pet causes damage to your apartment.
Some of your utilities may be included in the monthly rent at one apartment, but another rental may include energy-efficient appliances instead.
Parking fees may or may not be an issue depending on where you choose to rent. In a metropolitan area, you might be able to ditch the car altogether and rely on public transportation to save money.
Amenities offered with your apartment may allow you to save money elsewhere. For example, a pool and/or community fitness center may enable you to cancel that pricey gym membership.
What’s Important To You In A Rental?
Budget aside, you’ll want to consider what’s important to you when searching for a new place to rent. Do you like to entertain? If so, an apartment that includes things like a pool, clubhouse, gym, bike racks, green areas, barbeque spaces, etc. might sway your decision.
On the other hand, if you prefer to live frugally and can do without these amenities, choosing a cheaper apartment without all the extras might make more sense.
Location, Location, Location
The location of your new apartment is key. Do you want to be close to work to avoid a long commute? Perhaps you want to live in the city where there’s easy access to entertainment, restaurants, and more. Maybe you want to live outside the city limits where apartments are often larger and cheaper and green space is more abundant. Keep in mind that location also plays a role in how much rent you’ll pay as well.
Finding an apartment you’ll love means you’ll need to compare and contrast multiple units. It all comes down to what you prefer and how much you can afford, but when all is said and done, you’ll have the perfect rental for you.