Finding a new apartment is a dream come true for a lot of people. They may spend a long time looking for a place that they can call their own and love. They may also have a long list of amenities and features that they would like to have in the new apartment to make them feel right at home. While this is all good, you also have to keep in mind one very important factor; your budget.

Before you even go out and look for a new apartment, make sure to sit down and look at your income and some of the debts that you carry right now. This may not seem like a big deal, but it will help determine how much you can afford when it comes to your new apartment. If you look at apartments that are too expensive for you, this can lead to regrets and can make it hard to find something later.

Setting up a reasonable budget is critical before you even begin the apartment search. To find out how much you can afford to spend on rent each month, you need to look more at your spending and your income. Most experts are going to recommend that you make three times the rental amount. This ensures that you don’t cut it too close and that you will have enough money for all of your other bills at the end of the month.

In addition to figuring out how much you can spend on rent, you also need to pay attention to some of the other expenses such as utilities, renter’s insurance, and parking fees. And if you have some debts or other bills, such as your food bill, then you will need to add those into your expenses. Never go higher than the 30% for your rental amount each month (and most landlords won’t let you do this anyway). And if you can get it to be lower than that, you are going to find it is easier to reach your financial goals.

If you are looking for an affordable place that you can call your own, then come and check out some of our   studio apartments near USC. These provide just the right amount of space for you at an affordable rate that you are going to love at the same time. Add in that there are a ton of amenities so you won’t have to sacrifice there, and you are going to want to move in as soon as possible. When you are ready to see all that we have to offer in our apartment complex, schedule a tour today!