1. Determine your budget. (If it is less than $1,000 a roommate would be suggested.) Remember, not all unit pricing include all utilities. Be sure to factor into your budget utility costs that are not included in the monthly rent.
2. Determine the area where you want to live. Take into account commuting time, parking (if you have a car), and area pricing and amenities. Find a roommate if needed and establish a cosigner (one for each tenant).
3. Make sure you have at least one month’s rent in your bank accounts.
4. View apartments and decide upon one that best fits your needs.
5. To secure an apartment, it would be in your best interest if the owner took the apartment off the market to prevent other realtors from showing/renting it. To do this, the owner requires a deposit equal to one month’s rent. This is due the day you decide to put forth an application.
6. Some landlords will not even consider an applicant unless they have a deposit of one month’s rent. If the owner accepts your application, your deposit gets applied to your first month’s rent payment. Should the owner reject your application, your deposit will be returned.
7. You should have two and a half months in reserves, in addition to the month rent you already put down, for last month, security, and any fees that apply. The remainder of the last, security, fees will be paid on a schedule set forth by the owner/property manager.