Rent a Living
Moving to a large metropolitan area? Get ready for higher rents, more stringent rental application standards and -- depending on your experience as an apartment hunter -- the possible need to use an apartment broker.
While conventional wisdom has been that renters should spend no more than 30 percent of their income on their monthly rent, those who live in metropolitan areas may have to shell out more. With low vacancy rates in many cities, landlords have raised rents and closely scrutinize prospective tenant applications for any sign of financial trouble before offering a lease
Landlords routinely ask for proof of steady income, good credit and the ability to meet security deposit requirements. Rental applicants may also have to pass a criminal background check and eviction check.
Whether you're new to renting or rethinking your current living situation, the process of searching for a rental home can be time-consuming. Roughly one-third of all Americans rent, and while many of them are in early adulthood, many are also families, empty nesters and seniors. Fortunately, there are rentals for all household types and budgets.Read more