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How Much Should I Save for My First Apartment?

  • There are a number of expenses you need to think about when you move into a new apartment. And as you start to look at all of them, you can see why it may take some time to save up and be prepared to move into an apartment in the first place. This can bring up an important question; how much do I need to save up so that I can move into my first apartment? This is going to vary depending on a few different factors, but some of the things to consider include the deposit amount, the rent amount and more.

     

    Based on some of the most common categories of expenses for a new apartment, it is a good idea to save up about three to four months of rent before you decide to move. For most people, this makes it enough to cover the first month’s rent, the security deposit, and the last month’s rent, with some leftover. But how much will that be? This can depend on the price of the apartment where you would like to move in.

     

    For example, the average in the United States for a one-bedroom apartment is $1701. This means that you will need to have around $5103 for three months’ rent and more than $6000 to cover the for a two-bedroom apartment that averages 2048 a month. Keep in mind this is just the amount for your monthly rent and the deposits you will need to spend on as well. It is important to set aside a bit more money too if you want to be prepared for some of the other living expenses that you need to come up with when living in an apartment, like the utilities. You can have some say in some of the costs, like how much you want to spend on new furniture, but other things like the utilities and the security deposit are going to be set. And it is always a good idea to set aside more.

     

    Choosing two bedroom apartments in Austin, TX can be a great way to find the space that you need. Whether you want to move in with your family or you have some roommates who will come with you, these two-bedroom apartments provide some space and privacy for all your needs. When you are in the market for a new apartment, come and take a look at our available units. We are proud to have comfortable and spacious apartment units that you are sure to love, in some of the best areas of Austin, TX. Come and take a look around and decide if this is your new home.