Your first apartment is exciting—and expensive. Here's how to navigate it without getting burned.
How Much Can You Afford?
But that's just rent. Budget for the full picture:
| Expense | Typical Cost |
|---|---|
| Rent | $1,250 |
| Utilities | $100-200 |
| Renters insurance | $15-20 |
| Internet | $50-80 |
| Parking | $0-150 |
| Total | $1,415-1,700 |
Upfront Costs
Be prepared to pay before moving in:
- First month's rent
- : Usually one month's rent
- Last month's rent: Sometimes required
- Application fees: $30-75 per application
- Moving costs: Truck, supplies, movers
What to Check Before Signing
Document any existing damage in writing with photos. Email it to yourself for a timestamp.
Understanding Your Lease
Read the entire lease. Look for:
- Lease length: Usually 12 months
- Rent increase terms: When and how much
- Pet policy: Fees, deposits, restrictions
- Subletting rules: Can you if needed?
- Break lease penalty: Usually 1-2 months rent
- Notice required: Typically 30-60 days before leaving
Before You Move In
- Set up utilities in your name (electric, gas, water)
- Get renters insurance (required by most landlords anyway)
- Submit mail forwarding to USPS
- Take photos of everything for security deposit protection