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My FI and I don't live together and come September, FI will be moving into an apartment (we are looking) and I know prices vary A LOT in different locations, but I'm just wondering how much do you pay for rent? Are utilities included? How big is your apartment (bedrooms, bathrooms)? And maybe where you live!
I live in NYC so this is going to be WAY high.
We have a 1br/1ba in an elevator building (no doorman). It's about 800 sq foot. No outdoor space. But we have a dishwasher (no washer/dryer).
Gas, electric, heat, and water are included.
Our rent is going up next month to $3k/mo
Maybe you should add a poll.
when I rented in pgh no utilites except water, sewer. two bedroom townhouse for roughly 950 a month
We pay $603.50 (it's weird, because we have a 15% discount since he's in school).
We have a 2 bed, 2 bath, 1100 sq foot apartment. Utilities are not included. It's not the nicest place (probably 40+ years old), but we don't fear anything breaking or falling, or any health risks.
We live in Kansas City, MO. Rent usually runs anywhere from $500-$1100 a month, and it mostly depends on location and how new the building is.
We pay $500 in central Indiana. Utilities are not included - but they are not much for our little place. We have a 2 bedroom/1 bath home with a fenced in backyard and heated 2 car garage (great in the winter!). We found our home on craigslist - it is a great place to check out if looking for an apartment/home to rent.
Good luck in your search!
Live in NYC too...Gramercy area...we have a one bedroom..probably around 500-550 sq feet or so - elevator - no doorman - Our rent is $1960 which I consider a great deal! Includes Water and Heat, not Electric.
I have a 1 bed 1.5 bath in NYC with a dishwasher, washer/dryer in the building approx 700 sq. feet, no doorman and I pay $2,050/month. I've been in the unit 6 years though so our rent has barely gone up in that time, I'm probably about $4-500 under market.
I live outside DC (Arlington, VA) and have a 2bd/1ba apartment that includes utilities. No washer/dryer. 800 sq ft. No balcony or outside space. No central air/heat. We do have a dishwasher.
We pay about $1595/month
@KatNYC2011: I would probably pay a little more for a bigger space...Our bedroom is a great size for nyc but our kitchen is almost barely there!!! But the thought of moving and looking for an apartment makes me ill..lol
We live in a 2 bedroom 2 bathroom condo/townhome type building (there are three people attached in each unit side by side). It's about 1100 square feet in Columbia, SC and we pay $730 a month, no utilities included although the front landscaping is. We were in a 1 bedroom 1 bath 798 square foot townhome for $615 a month before but the area quickly turned shady so we decided we'd pay a bit more for a nicer location.
ETA: We also have a nice little fenced in backyard/patio area which was another reason to pay more as well as a lot of attic space.
Oh my goodness! I couldn't imagine living in NYC, I mean I know the cost of living is a lot higher than here in the midwest, and your salaries I'm sure also reflect that as well.
Thanks for sharing! I just thought this post would be interesting!
In Missouri, we have a 3 bed, 2 bath 1,200 sq ft townhome and pay $750, which does not include utilities.
We pay $1150 a month for our 3 BR/2 BA condo, but we also have a house that we cannot rent or sell right now so that adds another $700 a month for THAT mortgage. :( So, altogether every month, we pay about $1800 between the two places. That does not include utilities or anything.
@lauren810c: I hear you! We've been in our apartment 2 years now (and are signing a lease for a 3rd year).
The next place we'll be looking for an apartment is London (so I guess I should say flat)!
I can't even imagine what the cost of living in central London is going to be!
@MsBrewer: I can't imagine NYC either!! I don't even make $2k a month, let alone the money for bills on top of rent. Yet, here in Missouri, I'm the only one working an we actually live pretty comfortably. We even have been able to save a downpayment on house (for when DH gets done with law school)
We pay $1300 p/month in Upstate, NY. Our condo is 2 bed/2 bath with a full size washer/dryer (we actually have a whole separate laundry room off of our kitchen), dishwasher, central air, 1 ½ car garage (attached), secured storage space & plenty of closets. Our rent also includes basic cable and internet but we do pay extra for all the fancy stuff. The complex has a state of the art gym, swimming pool, nature trail, fully stocked pond & business center.
We live in one of the nicest complexes in the area so we definitely pay top dollar for that. Average rent for our area is around $700-$900 for a 2 bedroom apartment.
NYC as well, 1bedroom/1bathroom, walk-up building, UWS, 1 block from Central Park (don't mind me tooting my own horn lol): $2000/month. For the location I feel like we got a great deal but it drives me crazy looking at you girls paying under $1000/month for pretty much the same thing (or bigger)!!
BTW - OP something to keep in mind budget wise, I've heard you shouldn't spend more than 30% of your monthly take home pay on your rent. So say you guys clear $5,000/month you're rent should be about $1,600 or lower. I don't know where I heard that from, but it actually makes a lot of sense.
We rented for 3 years right outside the city up until last year. We paid $1300/month not including utilities. It was a 2 bedroom/1 bath.
@afbacher: I know, I make just over $2000 a month. That's great that you are living comfortably on your income!
It does; people are told the same thing when purchasing a home. You do not want your mortgage to be more than 30% of your income; any higher and that's generally considered unsustainable and a liability to your ability to pay it easily.
@JrzyGurl:That's such great advise! I think together FI and I make $3200/month....so that means we should be paying $950 and under. Here in WI $950/month is a GREAT apartment! That's a great little reference to go by! I mean I think we are going to stay in the $700 range anyway though, that way we can start saving for a house!
We pay 650 a month for a 2 bedroom/1 bath apartment, heat, water, sewer, trash included. We live in Royal Oak, MI and this is actually a pretty good deal. We also have a fitness center and washer/dryers in the basement of the complex.
We pay $1400 for a 700 sq ft one bedroom (no dishwasher, no washer/dryer, no parking, no outdoor space - parking is an extra $150/mo).Heat and hot water are included.
We live in a really awesome part of Boston, though, and this place is a freaking steal. I have no idea why they haven't raised our rent - other apartments like ours are $1600+.
I pay $875 in Milford CT, Heat and HW are included, it is SUPER tight thought, but i'm close to the Train station, but I move in 5 Weeks (OMG YAY) to an Apt 3 times the size 2 miles away from the train station, and will be paying the same amount, good thing to because I afford much more and save for a wedding!
I live on the Northwest side of Chicago and we pay $1,000 for a 1,000 foot 2 bedroom 1 bathroom condo. No utilities are included for us. We have a dishwasher and in unit washer/dryer.
@NoMoreStew: Jealous. When we move back to Michigan, totally want to live there, that is a GREAT price.
We moved into a brand new apartment complex in March. Includes washer/dryer, dishwasher, black on black brand new appliances, wood flooring, 9ft ceilings, etc. 2 pools, fitness center and the main reason we moved in.... a huge dog park! It is a 1b/1b and our rent w/pet rent is $811. A little pricey for where we live, as our rent in our previous apartment here was around $560, but that apartment was dirt old, and therefore our utilities were a lot higher.
We live in a great little neighborhood in Queens, NY. We pay $1245/mo for a nice sized 1br (around 700 sq ft) in a rent stabilized building. No parking (street parking isn't too bad), or luxury (dishwasher or washer/dryer). But we do have a great super, clean building, laundry room in basement and great location. I'd say we're probably mid range on price, we could pay less for a lesser building or location and we could pay more for luxury.
Oh Market Rent, which appears on our rent slips is over $2400!
Also on the UWS in New York City in a 1 Br, 1 bath with about 600 sq ft, I believe...No doorman and no laundry in the building but we have a dishwasher and small balcony, plus a loft for storage. We pay $1950/month and consider it a steal!
We live in a one bedroom, one bath apartment on a golf course. It has a washer/dryer, 2 walk in closets, and a dishwasher. The bedroom is small, but the bathroom and kitchen are huge.
Utilities are NOT included. We pay $660 per month. $25 of that is a pet fee.
Well prior to this month (while we were still under our lease) we were paying $1250 a month for a 1br/2ba + den, 1100 sq feet apartment in Dallas (Addison actually). The unit is only about 2.5 years old, granite counters, storage locker downstairs, balcony overlooking the pool, space for a full sized washer and dryer (although we had to provide them), its a corner unit, and we have "drive-up" covered parking (can park on the same level as the unit - aka no needing to take stairs). Utilities not included.
Now we are having to go month-to-month because my job situation is up in the air and we will likely be moving soon so we're getting raped when it comes to rent.
ETA: We live in a very desirable area just outside of Dallas. We could certainly be paying less per month than what we are if we lived in a different area. But for the area we are in, our rent is pretty good.
@KatNYC2011: I'm moving in May if you want it! I wouldn't recommend it though, we are on the ground floor so it gets loud with people coming in and out. Great starter apartment though and we've been able to save a ton of money. Can't beat the location IMO, I heart the UWS :)
I pay $700/month for a studio apartment that is a little over 400 square feet in a golfcourse community in Tallahassee, FL. It has a washer/dryer and parking but no dishwasher and includes electricity and water. This is about average for the area.
I don't rent right now, but I do rent out a place I own. It is about an hour outside Boston, near the train, has a dishwasher in the unit, and a (coin operated) washer/dryer in the building, heat and hot water included in the rent, and the entire place is very newly renovated. It has 2 bedrooms and 1 bathroom. It is a top floor (of 3) corner unit, 710 sq feet, and I charge $1100/month. I am assuming this is a good price, since less than a week after posting on Craig's List we had a lease signed by the first people to look at it!!
@JrzyGurl: That's a pretty sweet deal. I lived on Riverside in college in a ~1920s apt with a view of the Hudson, I enjoyed every moment b/c I knew that I'd never be able to afford a nice place like that in the real world (it was student housing)!
Outside of DC we got pretty lucky with the location (walking distance of G-town and 2 metro stops); it's tiny but about $1250. I had a hard time finding such a good spot for that price.
I pay for 1 bedroom out of a 4 bed/4 bath apartment-- all have separate leases because I live near a school campus and am just putting my two years in for the MA degree before I move back home. My rent and all utilities is $469/month.
I'm in NYC too, in the Chelsea area. We have a 2-bedroom apt (2nd bedroom is TINY) with a separate kitchen and an office too, but all the rooms are small - about 900 square foot in total. It's an old, pretty dilapidated walk-up building and there are no laundry facilities on premises. We pay $2,575 per month, which includes heat/hot water.
Another NYC bee. 1BR in Greenwich Village for $2,085.00. No laundry, dishwasher or doorman, but still reasonable for the neighborhood.
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