[Living Abroad] Apartment Hunting Tips on a Budget
I have always dreamed of studying abroad for a master's degree. As I'm looking for scholarship opportunities, I'm checking not only the program details but also the living expenses in the area. I would imagine that a considerably big portion of my budget would be for my housing needs. In this post, I'd like to share with you some tips for apartment hunting on a budget, just in case you're thinking of moving in the near future.
Finding the ideal apartment requires taking into account your budget, commute, personal preferences, and other needs. Let's go over the things you need to know about finding an apartment that fits your budget.
1. Establish a rental budget
Be realistic with your budget. Ideally, your monthly rent payment should be 20-30% of your expected income (or expected allowance, if you're going for a scholarship). This guideline will help you avoid paying more in rent than you can truly afford.Websites like Zumper can give you a good idea of the running rates in an area. I've looked at Los Angeles, for example, and found that the average rent for a 1-bedroom apartment in Los Angeles, CA is currently $2,050, which is 2% less compared to the previous year.
Tip: Consider renting with a roommate. For example, the median rent for a 1-bedroom apartment in Los Angeles is $2,050 and $2,795 for a 2-bedroom apartment. Finding a roommate and splitting the cost of the bigger apartment would mean over $600 a month in savings! Not to mention, you can save when splitting utility bills, furniture, and other housing expenses.
2. List your non-negotiables
Here are some things to consider:
- Your commute time (should be near the university for students or place of work)
- Whether it is smoking or non-smoking
- Distance to the nearest subway or bus stop
- If you want to live somewhere calm or busy
- If you need a stove, oven, dishwasher, elevator or on-site laundry
3. Specify your ideal location
Tip: Consider living outside the city. Oftentimes, renting in the suburbs of a city rather than the city itself may sometimes result in lower rent prices without sacrificing proximity to the metropolis.
4. Look into middle-floor units
5. Work in exchange for an affordable apartment
I have always dreamed of studying abroad for a master's degree. As I'm looking for scholarship opportunities, I'm checking not o...
