With more people renting than ever before, it can be a challenge to find the right place for you. Whether you’re moving out on your own for the first time or you’re looking to upgrade your space, apartment rentals are a good choice. Yet, it’s easy to get overwhelmed during your search.
Luckily, it doesn’t have to be this way. As long as you know what you’re looking for and how to source the best place, you can make the right decision for your budget and needs. Here’s how to find the perfect apartment for rent.
1. Create a Budget
First, you need a budget for your rented apartment. This is the tricky part. According to the U.S. Census Bureau, your monthly rent shouldn’t be more than 30% of your income. Knowing how much you can afford to spend will help you start your search.
You need to be careful not to overestimate how much you can reasonably afford. The 30% rule is a great place to start. Remember, if you have roommates or you’re living with your partner, you’ll need to combine income to decide how much 30% is for a combined budget.
2. Choose a Location
Next, you’ll need to choose a location. Milwaukee? Chicago? Somewhere on the coast? This is where you have a lot of flexibility. In general, you’ll pay more for being closer to the city center. If saving money is your goal, it might be more cost-effective to choose an apartment further from the city.
What type of location would you like to live? Do urban high rises catch your eye? What about the suburbs? With more rentals popping up each year, you have more room to choose a place that suits your lifestyle. However, factor in transportation costs of getting to and from work or school.
3. Start Your Search
Now it’s time to start your search. This is the fun part. You get to tour different apartments and see which is the best fit for you. Keeping your location and your budget in mind, head to popular rental sites like ABODO. These will let you choose the prime location and see information about the property before you tour.
Don’t think you should only see one or two properties. On the contrary, visit as many as you think you’d like. Anywhere between 3 – 6 is a safe number to tour. Don’t be afraid to ask questions along the way.
4. Consider Your Safety
Many people worry about their safety when renting an apartment. This is something you should take seriously when you’re conducting your tours of the properties. While you can always invest in your own safety measures with an alarm from Alarm Grid, that doesn’t mean you shouldn’t also look for safe places.
Luckily, apartments are safer than you think. Because you’re living so close to other people, there’s likely always someone who can have an eye on your property. That being said, look for security systems, lighting, gates, and other measures that the community already has in place to make it safer.
5. Make Your Decision
Last but not least, it’s time to make your final decision. Now that you’ve seen a few places and know what you want, you’re ready to decide where to rent. You’ll need to apply for the property and sign a lease before you’re approved to move in.
Hurray! Choosing an apartment is an exciting process. This is a new stage of your life, and you’re gaining a new piece of independence. Just make sure you follow these steps above so you don’t forget anything along the way.