Posted October 03, 2018 08:52:23When you’re buying your first home, you might be thinking about how to find an apartment near your new place of work, or what to do with the extra cash you’ve got after you rent your new home.
If you’re just starting out, though, you may be wondering if the apartment you’re looking at is going to be worth what you paid for it.
In Austin, that is where you’ll find a whole new world of options.
Here’s a look at the top cities where you can find apartments for rent.
Austin has the largest number of apartment vacancies in the country.
As of March, there were almost 13,000 vacant apartments across Austin, according to the Austin-based real estate firm Trulia.
That’s a massive jump from just over 700 vacancies last year.
And, for those of you who want to make sure you’re getting the best value for your money, Trulia has a handy guide to help you decide if an apartment is right for you.
Read on to find out how to rent an apartment with the best price, rent and availability in Austin.
Here are some key factors to consider when you’re choosing between apartments:The best option for your budgetA low monthly paymentIf you pay $1,500 per month for an apartment, the average monthly rent is $1.20 per square foot, according the Trulia report.
That would make the average apartment in the city affordable for someone making $30,000 to $40,000 per year.
That’s great if you have $2,500 or less in disposable income, but if you make more than that, you could be in real trouble.
You’ll want to consider what kind of rent you’d like.
Austin rents for a $1 per square-foot payment, which equates to about $500 a month.
The average monthly income in Austin is about $75,000.
That may not sound like much, but you can save yourself hundreds of dollars by renting a lower-cost apartment.
For example, if you’re living in a one-bedroom apartment with a monthly rent of $1K, you can rent a $400-a-month apartment for $300 a month or rent a four-bedroom house for $3,200 a month to make ends meet.
This could mean a big savings if you decide to move to a bigger city.
If your rent is more than $1k, Trululia offers a three-month lease for $500 per apartment.
That gives you the ability to save thousands on rent.
And if you want to rent a place that’s a little more affordable, Truerulia has another guide on how to do it.Read more: