There’s no doubt about it: Like pretty much everything else in life, the cost to rent an apartment in the U.S. is going up.
Median monthly rent for U.S. apartments rose by 15 percent from 2000 to 2016, according to Harvard University’s Joint Center for Housing Studies. During that time, the median monthly rent went from $850 to $980.
To reduce the cost of an apartment, some renters turn to something called income-restricted housing. At complexes that offer income-restricted apartments, the monthly rental amount takes into account the renter’s income.
How does all of this work? Here are four things you should know before renting an income-restricted apartment. Read the rest of this entry »
Are you a savvy shopper? Then you probably know when to catch the best sales and biggest discounts. Did you know the same is true when it comes to renting apartments? If finding the cheapest rent is a top priority for you, it’s all about apartment hunting in the winter months when you can get the best deals on apartments and moving costs. Learn about the benefits of searching in the “off-season,” and find out how to use the cold winter months to your advantage when negotiating rent! Read the rest of this entry »
It’s not uncommon for a tenant to leave their lease or rent out their apartment to someone else, especially in temporary housing situations. You may hear the term “subletting” most often, but “reletting” is another concept you should familiarize yourself with, too. The two are very different scenarios that are important to understand if you’re leaving your lease or renting your apartment to someone else for the short-term. Check out the big differences between subletting and reletting, and learn how to decide which one is right for your situation. Read the rest of this entry »
It’s a dilemma many people entering short-term housing situations face: How to make a space feel like home without investing too much time or money. Thankfully, you don’t need to worry about being stuck with a sparse or impersonal apartment. Furnished apartments could be the solution to your short-term lease AND decorating needs! Why do we think so? Read the rest of this entry »
If you’ve ever filled out an apartment application, you’ve probably wondered, “Did I fill it out right? Did I give the right answers? When the landlord runs my credit, what are they really looking for?” Given that one in two landlords say that the results of a credit check are among the top three factors used when deciding whether to accept a tenant’s lease application (TransUnion), it’s important that you find out! Get the inside scoop on how landlords may check your credit, what they look for, and how you can position yourself as the best possible candidate to rent the apartment you want! Read the rest of this entry »
Accepting a new job or higher position in a new city can be one of the best experiences of your career. It can also be very disorienting. Grocery store prices, your commute, and even the local language may be different! A less than desirable relocation package can complicate the process even more. For a smooth job relocation and your best relo package, give these tips a try. Read the rest of this entry »
You’ve scoured the internet to find the perfect apartment, wowed the socks off your future landlord, and picked the perfect color to accent the cabinets in your new kitchen. All that’s standing in your way is navigating the rental application and all the details it demands, including your income. Many leases, especially with larger apartment complexes, have some sort of income requirement (likely 2 to 3 times your rent). But how do landlords actually verify your income during this crucial process? Read the rest of this entry »
Much has been made in today’s media outlets about the affordability of apartments. And, while the cost of renting is still lower than the cost of owning in most cities, the truth is that many apartment residents are struggling to pay their monthly bills. Despite what is often reported in the news, there are still plenty of affordable apartments in every city in the U.S. The two challenges are first finding them and second knowing how much apartment you really can afford. Read the rest of this entry »
More and more Americans are choosing to work freelance, be self-employed, or join the gig economy. This has caused the typical rental application process to shift dramatically from even five years ago. If you’re one of the more than 15 million self-employed people in the U.S., you may have noticed that it can be particularly difficult to get your apartment application through the approval process. Why is this and what can you do to make sure you get the apartment of your dreams? Read the rest of this entry »
Shopping for a new apartment can be overwhelming. Sure, many times you can jump into your car and scour the area in search of that perfect place. But, if you need to save time —or if you live in a different city or state — most searches for a new apartment begin online. But which site do you use? Are all apartment internet listing services the same? How do you choose? These questions alone can drive any apartment seeker mad. Luckily, we did the legwork for you and found the top 10 sites you can use to find your next apartment. Read the rest of this entry »