When living in a big city, paying rent can be a significant portion of your budget. On the other hand, many people can’t afford mortgages, so rent comes as a better option. Based on the opinion of many financial experts, your rent shouldn’t be more than 30% of your monthly earnings, but in reality, things are different. Millions of Americans are spending more than 30%, and prices in America’s cities are appalling. If you want to know how to rent an apartment for cheap and not waste your life savings on rent, then stay will us because we are going to reveal some exciting tips.
What is a deal breaker for you?
When you are renting an apartment, this is a crucial thing to reconsider because you probably won’t have one – bedroom apartment if that means to compromise your budget. Take a minute to think about the following things: commute time, smoking or non – smoking flat, pets, no pats, nearest subway and bus stop, is the place quiet, and do you need the kitchen appliances, or the apartment has everything included. On the other hand, you can always take a roommate, if the rent is too high, but at what cost? These are some of the common deal breakers, but, it’s up to you and what can you stand.
Download a real estate app
Nowadays, it’s very easy to be up to date using the internet, mobile devices, and smartphones. You can also choose one of the leading apps, such as Craigslist, Trulia, or Zillow and check the daily. This is a very convenient way to review the real estate market, and these apps will also offer you some benefits. You can save your previous search in order to keep track of favorite listings. If you enable notification settings, then you will be pinged every time a new apartment appears on the market.
Don’t look for studios
For instance, finding an affordable apartment in an empire city like New York is nearly impossible, unless you want to live in a closet. If you have roommates, that could be an affordable option, and you could look for a bigger flat. On the other side, if you can’t find anyone to share rent costs, then feel free to reach for roommates online. There are a lot of people who are in a similar situation like you, and we are sure you will be able to find your match in this way.
Look for new areas
Finding an apartment in expensive parts of the city and be a mission impossible, even if you are ready to share the space with a roommate. In this case, make young professional are choosing the slightly remoted parts of the city where you can find a decent apartment for an affordable price. Of course, the location is essential, as well as commute time, so you need to be careful when making this decision. Otherwise, it can cost you more money, than living in the center of the city.