Finding Cheap Apartments For Rent

Answer 1

Housing costs have skyrocketed, and the economy is still not really improving. Everyone is scrambling to save some money on monthly bills. If you are an apartment dweller, your geographic location is going to play a huge roll in how much rent you pay. The difference between renting an apartment in New Jersey and renting one in NYC can be huge. Cheap apartments rent for around $600 per month in New Jersey. In NYC, a parking space cannot be had for $600 per month.

Saving Some Money

You can really tighten the belt and save some money each month by moving from where you are located to an area that is a bit further from where you are now, especially if you live in a large urban area. Although it seems like you would be spending more money in transportation costs to get to and from work, most large outlying areas will have transportation options in place. Let’s look at a few examples, building on the New Jersey/NYC scenario mentioned above.

Cheap apartments rent for around $600 in New Jersey. This will get you a one bedroom walk up, nothing fancy, in a safe, clean neighborhood. Cheap apartments rent for around $1000 a month in NYC. However, it is not a one bedroom apartment. Instead, it is a studio (a studio is one large room, that typically has a kitchenette on one side of the wall, a place to put a bed on the other side and a separate bathroom) typically these types of apartments at this price are found in less than desirable neighborhoods, sometimes they are illegal basement apartments without any windows. So, not only are you saving money by taking the apartment in New Jersey, but your quality of life is better. That is the key. The quality of life is improved. Right off the bat you are saving $400 a month.

Let’s look at transportation costs, assuming that the cheap apartments rent in NYC is $1000 a month and it is on the east side of Manhattan, and your job is on the west side of Manhattan, traveling will cost the fare of the subway. Let’s say that the fare back and forth is going to cost you $200 per month. The cost of traveling from New Jersey, will be for a park and ride deal, this will cost you $260 per month. It will be $60 more expensive, but think of the quality of life in New Jersey where you will have more space.

Finding cheap apartments rent is a great way to save some money and may require just living a bit further from your job.