Essential Tips for First-Time Renters: A Guide to Securing Your First Apartment
- Author: Aubrey Sipes
- Posted: 2026-02-06
1. Figure Out What You Can Really Afford
Before you start looking at listings, you need to know your budget. It is important to look beyond just the monthly rent price. When calculating your costs, remember to include:
- Monthly Extras: Utilities (electricity, water, internet), parking fees, and pet rent.
- Upfront Costs: Application fees, your first month’s rent, a security deposit, and move-in fees.
- Living Expenses: Make sure you still have enough money left over for groceries, transportation, and savings.
2. Get Renters Insurance
Even if your landlord doesn't require it, having renters insurance is a smart move. While the landlord’s insurance covers the building, it usually doesn't cover your personal belongings.
Renters insurance protects your clothes, electronics, and furniture if they are damaged or stolen. You can get a policy by contacting any licensed insurance company.
3. Check Your Credit Score
Landlords look at your credit score to see if you have a history of paying your bills on time. A higher score tells them you are a "low-risk" tenant who is likely to pay rent faithfully.
- Know your score: Check your credit report before you apply so there are no surprises.
- Improve your standing: If your score is low, look into financial education resources to help you build better credit for the future.
4. Watch Out for Rental Scams
Unfortunately, rental fraud is common. Scammers often post fake listings to steal money from unsuspecting renters. Protect yourself by following these rules:
- See it in person: Never rent an apartment you haven't visited physically.
- Don't pay early: Avoid sending money for a deposit or "holding fee" until you have signed a formal lease.
- Protect your data: Do not give out sensitive personal information (like your Social Security number) until you are certain the listing and the property manager are legitimate.
5. Read and Understand Your Lease
A lease is a legally binding contract. Once you sign it, you are stuck with its terms, so you must read it carefully. Make sure you understand:
- The Timeline: Is it a month-to-month agreement or a year-long commitment?
- The Rules: Are pets allowed? Who is responsible for repairs?
- The Payments: How do you pay rent, and what happens if you are late?
- The Utilities: Which appliances and utilities (like heat or trash) are included in the price?
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Check out: How to Apply for a Housing Choice Voucher (Section 8) in 2026
