Prepare to buy cleaning products for the kitchen and bathroom, including cleaning cloths or paper towels, laundry detergent, and dish or dishwasher soap. In fact, you’ll need a whole slew of cleaning supplies now. The days of grabbing Mom’s bottle of Windex to swipe the bathroom mirror are over when you’ve got your own place. Your credit history can also determine whether you pay a deposit, with poor credit making a utility deposit much more likely. However, a utility company may require you to pay a deposit when ordering utility services for your first apartment. Utility deposits typically transfer when you move and continue to use the same gas, electric or cable company. If you have a dog or cat, however, you may have to pay an additional nonrefundable “pet deposit.” 3. For example, in a city such as San Francisco, where the average rent for a one-bedroom apartment runs around $3,300, your deposit could be thousands of dollars.Ī security deposit is generally refundable if you’ve met the terms of your lease and leave the apartment in good condition when you move out. Most apartments require a security deposit equal to at least one month’s rent or more. Since you’ll compete with others eyeing the same apartment, especially in highly desirable locations, look for apartment rentals with no application fee or a nominal fee. Even worse, the fee is usually nonrefundable, so if you don’t get the apartment, you’re still out the money. Private landlords, property management companies and apartment complexes often charge an application fee, ranging from $35 to $75, to apply to rent an apartment. But first apartment costs can mount quickly if you’re caught off-guard along the way or after you move in.
Hopefully, your budget easily covers monthly rent payments. However, your new apartment comes with first-time expenses easy to overlook while daydreaming about lounging by the complex pool.
When you move into your first apartment, you’ll finally hold the key to not only your own front door but also complete independence.
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