Your electric bill will likely be the highest of your utilities, ranging from around $40 to potentially over $100 depending on the size of your apartment and how often you have your lights on, use the television, use appliances, etc. If water is included in your rent make sure you clarify that this covers sewer, cold water, and hot water. A one-person apartment will obviously cost substantially less. Sewer and water have risen over the years and, on average, a family of four pays $45 per month. Radiator, gas, or forced air heating can cost up to $100 a month depending on the efficiency of your apartment. And unfortunately, with the current spike in energy prices, you could be paying a lot. If you don’t control the heat in your apartment, it’s likely the cost of heat will be included.īut if you control your own heating, you’ll have to pay out of pocket. Whether or not heat is included in the rent depends on the type of heating you have. You never want to fall behind on rent, but you certainly don’t want to do it within the first few months of living there! Heating Read more: Best cities in America to be young, broke, and singleĪnd remember, you don’t want to sign a lease and be on the hook for a monthly rent payment without at least some emergency savings. So, if your Oklahoma City apartment goes for $870 a month, and your landlord wants first, last, and a security deposit worth one month, you’re looking at $2,610 just to move in. Security deposits are typically around one month’s worth of rent, but in some areas, landlords may want up to three months’ worth. It really depends on the landlord and the rental laws of your state. Sometimes your last month’s rent will be considered your security deposit, but not always. That’s because you’ll need to put down first and last month’s rent and, oftentimes, a security deposit. On the opposite end, the median rent in a place like Oklahoma City is $870.īut no matter where you are, you’ll need at least double that to move in. But that number varies wildly depending on your location.įor example, a one-bedroom in New York City is $3,790 as of November 2022, according to Zumper’s national rent report. Well, the median rental price of an apartment in the U.S. Read: How to find the best apartment in your city If you’re really against living with other people, get ready to pay a wild amount to live in something the size of a walk-in closet. If you live in a major city you’ll probably need to get used to the idea of living with roommates. Depending on the cost of living in your area this could be hundreds or even thousands of dollars a month.
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