As you are working on a budget that will help you be prepared for your rent and everything else that will come up during the month, you need to consider how much you can set aside. This will depend on the bills you are expected to pay and even some of the debts that you will need to handle as well. But a good rule of thumb that you can try is to never spend more than 30% of your income on your rent or your house.

This is a low enough number that you will have some money left at the end of the month to pay for utilities, groceries, transportation, debts, savings, and the other bills that you want to take car of during the month. If you start to go above this amount, you may stretch yourself too thin and that can make you a bigger risk. This is why most landlords are going to stick with the 30% rule as well.

Of course, you may also try to get the amount lower. If you have a lot of debts that you want to pay off during the month or you are worried about reaching your savings goals, then you need to consider putting more into those and less into the rent. Finding an apartment that is safe and has some nice amenities, while sticking to 25% or even 20% of your income can be a smart decision financially.

If you struggle to find an apartment that is going to work for this idea, then it may be time to give up a few things. You may need to move further from the location that you want, not have a brand new apartment, and give up some of the amenities that you thought were important. Consider whether you need to bring on a roommate who can take up some of the rent and will make it more affordable. With a bit of hard work and a good budget in place, you will be able to take control and actually have an affordable place to call your own.

Finding a spot that has the space that you need can take some time. Whether you would like to have some extra space for an office and some of your stuff or you are bringing along a roommate you would like to have room for, our 2-bedroom apartments in Palm Aire are calling your name. The location is perfect and the amenities are everything that you have ever dreamed about. Contact a member of our team today to learn more and to take a tour.