Home » Real Estate

7 Key Considerations To Finding A Rental Apartment

May 17, 2008
Finding an apartment, especially in a "landlord's market" can be tough. With rental units being converted into condos and vacancy rates at all-time lows, it can be rough locating an apartment unit that fits your budget and your needs. Before you start the search for the perfect apartment, keep reading for a valuable list of factors to consider.

Location, Location

Whether you want to be right in the heart of the city, a more suburban area or rural location that offers space and affordability is going to be your first major decision.

While city living provides shorter commute times and city amenities to those who are employed closer to downtown, properties that are off-the-beaten path tend to cost less and offer more in terms of parking and space.

If you enjoy the hustle and action of city life where you work but prefer the solace of disconnecting from people afterward, you will certainly want to weigh all the personal pros and cons of urban vs. suburban life.

Price

Ideally, you don't want your rent to exceed a third of your monthly income. If you're saving for a down payment on a home or different investment, you should cut that figure down to a quarter of your monthly salary. As mentioned above, given the benefit of proximity to many amenities, appealing urban apartments are simply going to cost more.

Space

Depending on the size of your family, roommates and the quantity of your belongings, you'll need to decide how much space you need. Today, many couples are opting for rental properties with a second bedroom or den that can serve as an office or guest room space. Of course if you have children, the apartment must first permit them. And then additional space becomes a prime consideration.

Parking

If you have a vehicle, parking is a concern. Before you sign a lease on that downtown loft, make sure there's somewhere you can park your car, even if there is a monthly fee for it.

Pets

Depending on the tenancy laws in your area, landlords can deny apartments to tenants with pets or put restrictions on the type of animals allowed in the apartment. Also, you may be required to pay an additional deposit if you plan to share your rental apartment with an animal companion. Pets pose sanitation and noise risks that landlords must take into account.

Landlord

An apartment can seem great, the perfect location, the right price and all the amenities you need, but if the landlord is difficult to deal with, you could quickly find yourself living in a nightmare. Remember, over the length of your lease, you'll need to deal with your landlord on a regular basis - from paying rent to calling about repairs, they're going to be your point person and main contact.

You wouldn't enter into an investment business partnership with someone you didn't like, so why would you for your home? If have a bad feeling about a potential landlord, walk away.

Amenities

Laundry, appliances and utilities are all perks and sometimes necessities for apartments. Remember, that fifth floor walk-up apartment ten blocks from the nearest laundromat might not seem so charming when you're lugging two loads of laundry down the street.
About the Author
For information on exciting vacation rentals, please see http://www.rentalpropertytips.com, a popular site providing great insights concerning vacation destination ideas, such as a St. John villa rental, Smokey Mountain cabin rentals, Maui house rentals and many more!
Rating:
Please Rate:
(Average: Not rated)
Views: 182
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Accounting
    • Credit
    • Currency Trading
    • Debt Consolidation
    • Insurance
    • Investing
    • Leasing
    • Loans
    • Mortgage
    • Mutual Funds
    • Personal Finance
    • Stock Market
    • Structured Settlements
    • Taxes
    • Wealth Building
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources