The most important factor that affects an apartment price is its location. Apartments considered cheap in well-developed cities like New York are pretty costly to many. Usually, you can expect such high prices in developed markets.
The real estate industry follows the pattern of cheaper prices further away from the city. You can get great rentals in the suburbs. The only problem is that daily commuting to and from the city can be hectic. And that can add to your costs as gas or even public transportation can be a big problem for your wallet. Monthly passes on a local train could add up to several hundred dollars, which is a lot for someone to spend.
Rents tend to vary with the area of the floor. If you want to find a good cheap deal, you should try making a compromise on the size of the home. There’s a lot of resource for small home floor plans. For instance, go to a studio apartment if you are single. However, if you are a couple, then a one bedroom is certainly more appropriate for you to be looking for.
Expect well-designed buildings to be expensive. Usually, newly constructed buildings and Victorian style houses are high priced. So look for things that aren’t too trendy, for example, a simple one-room apartment or alcove studio could be just what you need.
Contact your friends and colleagues who may need roommates. Some of your acquaintances may be offering a cheap living space. You should explore this option as much as you can. Usually, living in a shared space is very cheap. Finding roommates can not only help you save on rent but also what you spend on utilities every month. Splitting the cable, internet, phone and electric in your home can save thousands of dollars over a long period of time.
To begin your research on cheap rental apartments, start with these websites: padmapper.com and Craigslist.com. They will be quite helpful in finding you a good deal as they give you a wide variety of available rentals.
Paying the rent months in advance would allow you to negotiate a reduction in rent with the owner. Landlords would not want to turn down an offer of receiving a huge sum up front for a discount.
It is highly essential to analyze and view a new home first to ensure it is in good condition. Otherwise, there is no point in moving in until you find something that is up to your standards.