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Every Expense You Should Consider Before Renting an Apartment

May 19, 2025

Renting an apartment isn’t just about signing a lease and paying rent each month. Whether you’re moving out for the first time or hopping from one apartment to another, the full list of costs can be surprisingly long—and many of them are easy to overlook. This guide lays out every single expense you should consider when planning your move, so you’re not caught off guard.
Let’s break it down.

Monthly Expenses That Add Up

These are the recurring costs you’ll be dealing with every month. Some might be bundled into your rent—but many are not.

  • Base rent: Your biggest expense, usually due at the start of each month.
  • Renter’s insurance: Often required by landlords, but also a smart way to protect your belongings.
  • Utilities (if not included):
    • Electricity
    • Gas
    • Water & sewage
    • Trash & recycling
  • Internet: Don’t forget to factor in setup and equipment rental if applicable.
  • Streaming services or cable: Netflix, HBO, YouTube TV—whatever your setup.
  • Parking: Assigned spaces or garages often come with a monthly fee.
  • Pet rent: If you’re bringing a furry friend, many landlords charge extra.
  • Laundry: In-building or shared laundry? Budget for pay-per-load costs.

Move-In Costs That Hit Upfront

Before you even settle in, you’ll be asked to pay several one-time fees. These can add up fast:

  • Security deposit: Usually 1–2 months’ rent, refundable if you leave the place in good condition.
  • First and last month’s rent: Some leases require both up front.
  • Application fee: Covers processing your rental application.
  • Background or credit check fee: Often non-refundable.
  • Administrative fee: Sometimes charged by property managers.
  • Pet deposit or pet fee: A one-time charge for potential pet-related damages.
  • Utility connection/setup fees: Initiating service for electric, gas, and internet.
  • Movers or moving truck rental: DIY or professional help comes at a cost.
  • Packing supplies: Boxes, tape, bubble wrap—you’ll likely need more than you think.
  • Cleaning (for the old place): Supplies or hiring a cleaning service.
  • Furniture and home essentials: Beds, couches, kitchen basics—more on that next.

Setting Up Your Space: Furniture & Essentials

If this is your first place, or you’re upgrading from a partially furnished unit, be prepared to spend on the basics:

  • Bed, mattress, and bedding
  • Couch, chairs, table, lamps
  • Cookware, utensils, and dishes
  • Microwave or small appliances (if not provided)
  • Shower curtain, bath mats, towels
  • Vacuum, mop, broom, dustpan
  • Shelving, storage bins, and organizers

These costs can sneak up on you, especially if you're aiming for comfort or style.

Transportation Considerations

A new apartment might mean a new commute—or new transit-related costs:

  • Gas or transit pass
  • Parking permits: Especially in urban or permit-only zones.
  • Bike storage: Some complexes charge for indoor bike parking.
  • Rideshare budget: If your commute or errands rely on Uber/Lyft.

Optional Costs (But Worth Considering)

Depending on your lifestyle and apartment type, you might also run into:

  • Gym membership: If your building doesn’t offer one.
  • Storage unit rental: For overflow items or seasonal gear.
  • HOA or amenity fees: Occasionally passed on to renters in condos.
  • Mail forwarding or P.O. Box
  • Tips for movers: Standard if you hire professionals.
  • Childcare or school-related changes: If moving alters your school zone or schedule.

Ongoing Replenishment

Life in an apartment means regularly restocking and maintaining your space:

  • Toilet paper, cleaning supplies, dish soap
  • Light bulbs, batteries, air filters
  • Laundry detergent and dryer sheets
  • Pantry staples (spices, oils, snacks)
  • Pet supplies (litter, food, grooming)

Administrative & Prep Work

Before you even sign the lease, there’s a little paperwork and prep worth budgeting for:

  • Legal review of lease (if desired)
  • Proof of income or employment
  • Co-signer or guarantor arrangements
  • Credit repair service (if needed)

TL;DR: It’s More Than Just Rent

Rent might be the headline number, but the true cost of apartment living includes everything from Wi-Fi to paper towels. Planning ahead with a full list of potential expenses can help you avoid nasty surprises and move into your new space with confidence.

Before you sign the lease, tally these up—and then some. A clear picture of your financial readiness is the first step to a comfortable, stress-free home.