Guides / Afford it
Saving for move-in costs
Often two to three times the monthly rent, before you get the keys.
Moving in usually costs much more than one month's rent. Planning for it avoids putting the move on a credit card.
Typical upfront costs
- First month's rent (sometimes last month's too)
- Security deposit; limits vary by state
- Application and screening fees
- Moving costs: truck, helpers, boxes
- Utility deposits or setup fees
- Basics: bed, kitchen items, cleaning supplies
- Renters insurance
Plan it
Add them up, divide by the months until you move, and save that amount each month in a separate account.
General educational information. Tenant laws vary by state and city. Smart Penny Path isn't paid by any landlord, listing site, mover or insurer.