Tips Finding Your Studio Apartment
1. Consider Renting with a Roommate
The best way to be able to afford a place is to get more people in it. You're much more likely to find an apartment in your budget if you can split the rent with a roommate.
For example, an apartment building may rent a 1-bedroom apartment for $800 and a 2-bedroom apartment for $1200. If you find a roommate for a 2-bedroom and split rent down the middle, that's $200 a month in savings! Not to mention, you'll also save by splitting things like utility bills and furniture.
If you don't know of any suitable candidates to move in with, use these tips on how to find a roommate.
2. Avoid Popular Moving Seasons
Although unit availability goes up during popular moving times for renters, the increased demand drives rent prices up substantially too. Make sure you understand how seasonality affects the rental market.
Take into account where you're looking to live. Are there universities nearby? Areas that are close to colleges and universities tend to experience the highest turnover of renters between semesters, especially during the summer.
3. Know What Questions to Ask Your Future Landlord
Have your bases covered and know the ins and outs of the property before applying. Does the property charge extra for pets or parking? Pet fees and deposits can run around $500, and monthly pet rent could tack on an extra $15-$50 a month.
4. Search for Rent Specials
Brand new building in your area? Don't assume you can't afford to live there just because it's shiny and new!
New apartment properties often offer rent specials to attract new renters. A free month of rent or discounted security deposit are common move-in specials. Some offer additional perks too, like parking spaces and full gyms. Although these are common in newer buildings, you can find rent specials across a variety of aparments in your city.
5. Look Into Middle-Floor Units
Rent prices tend to be higher for units that are either on the lower or higher levels of the building. This is because people love great views, and want easy access to their homes.
If you're willing to have a less-than-perfect view and take the stairs/elevator instead of coming in straight off the street, you could save yourself big bucks.
Apartment hunting can be challenging, but with these tips, you can cut down on the unpleasant elements and find the perfect match!