Find the perfect place to rent without breaking the bank

Master the art of searching for an affordable place to rent with these smart tips.

Tired of your current apartment? Just got a rent increase notice? Started a new job? Whatever the reason, it’s time to start looking for a new place. But with rental prices soaring, finding a new spot can seem discouraging. Don't worry! We've got some simple tips to help you choose the right apartment or home for rent and make it fit your budget. 

Whether you're a student looking to move closer to campus, a family needing more space or something in between, here's how you can find a place to rent that suits your needs while staying within your budget.

Know what you can realistically afford before signing a lease.

Figure out what you can comfortably afford

When planning your rent budget, aim to keep it at 30% of your pretax monthly income, not including utilities. This leaves enough for other expenses and savings. If finding a place within that budget is tough, think about picking up extra work or cutting back on other expenses to make it work.

Browse budget friendly rentals in your area now 

Choose the right location

When choosing a place to rent, it's important to consider how location affects rent prices. Areas closer to work or school can save on commuting costs and time, but they often come with higher rent. Calculate if it would be more expensive to pay higher rent and live close, or pay lower rent and pay for transportation. When your budget is tight, it’s especially important to strike a balance between convenience and affordability. 

Evaluate the neighborhood’s safety, available amenities, quality of schools and overall community vibe. To see if the area will match your needs, visit local parks, cafes or other social hubs to get a feel for the atmosphere and interact with residents. 

Moving can be costly, so aim for a location where you feel comfortable and plan to stay long term. This reduces the financial and emotional toll of frequent relocations, leading to less stress and more stability in the long run.

Take a tour of your prospective neighborhood. Does it have the amenities you want most?

Ensure your apartment fits your lifestyle

Make sure your apartment suits your lifestyle and preferences. Consider the size and layout of the apartment to ensure it meets your needs. If you’re a student, make sure there’s a space that you can be comfortable studying for hours. If you have kids, make sure the neighborhood is safe and that schools are nearby. Amenities such as laundry facilities, parking and recreational spaces can also make a significant difference in your daily comfort and convenience.

Understand your lease terms

Understanding your lease terms before signing is crucial. Know the length of the lease and any penalties for breaking it early. Pay attention to clauses about rent increases and how frequently they can occur. This knowledge can save you from unexpected costs down the line. Think of your lease as a roadmap — know all the twists and turns before you hit the road.

Moving is hard work! Find a place where you'll be happy living for a while.

Understand all housing-related expenses

Your housing related expenses extend beyond rent. Utilities like water, gas, electricity, internet, cable and trash services need to be factored into your monthly budget. Before signing a lease, check if any of these are included in your rent.

Renting an apartment with utilities included can save money and the hassle of tracking your usage. Don’t forget about renter’s insurance. In Utah, it’s typically inexpensive and crucial for protecting your belongings.

Save for upfront moving costs

When planning your move, remember to budget for upfront costs. You'll typically need to pay a security deposit, which is usually one or two months' rent. There are also application fees for background and credit checks to consider. 

Moving costs, whether you're hiring movers or renting a truck, can add up quickly. To make these expenses more manageable, start saving a few months in advance. Setting aside a small amount from each paycheck will help you cover these costs smoothly when moving time comes.

Improve your credit score

Your credit score plays a big role in your ability to rent. A good credit score can make the approval process smoother and might even lower your security deposit. Landlords often review your financial stability, including your credit history and debt-to-income ratio, to ensure you can consistently pay your rent on time. 

The fastest way to raise your score is to start paying your bills on time and paying off debt. Keep your credit card balances low and don’t take on any new debt. Regularly check your credit card statements for errors and dispute any inaccuracies you find. A healthy credit score is like a golden ticket in the rental market.

Stay positive, you’re gonna nail it!

Remember, keep your rent within a manageable percentage of your income, choose a location that balances convenience and cost, and ensure your new place suits your needs and preferences. Understanding your lease terms and all related expenses can help you avoid surprises, while saving for upfront costs and improving your credit score will strengthen your position as a renter.

Use these strategies and you’ll be able to navigate the rental market with confidence and ease. You’ve got the tools to make informed decisions and find a home that’s not just affordable, but truly right for you. Use KSL Homes to search for your next place — your ideal rental is out there waiting for you!

Discover homes for rent under $1,800 now