Rent is one of the many expenses that can vary quite a bit depending on where you live. And the more expensive it gets, the more important it becomes to find the right place the first time. Here are some helpful tips to help you find an apartment in some of the more expensive cities in the U.S.
Los Angeles, California
- Median studio apartment: $1,405
- Median one-bedroom apartment: $1,740
- Median two-bedroom apartment: $2,406
If you want to get an apartment in LA, the first thing you need to understand is your budget. You shouldn’t be spending more than 1/40th of your annual gross income on an apartment. So if you are making only $40,000/year before taxes, you need an apartment that costs less than $1,000 a month. The choices in this price range will be limited, so you may need creative alternatives such as finding one (or multiple) roommates. Read the rest of this entry »