First Apartment After College: Complete 2025 Guide

The 30% rule (spending no more than 30% of gross income on rent) is a good starting point, but recent graduates often need to adjust based on student loan payments and other factors.

• Calculate your actual take-home pay after taxes
• Factor in student loan minimum payments
• Budget $100-200/month for utilities
• Plan for renters insurance ($15-30/month)
• Save 3 months rent for move-in costs (first, last, deposit)
• Consider roommates to reduce costs significantly

As a recent graduate, you may have limited rental history. Build a strong application package to impress landlords.

• Get a reference letter from your employer
• Provide college housing references if applicable
• Show proof of employment with offer letter
• Highlight any scholarships or financial responsibility
• Have parents ready to co-sign if needed
• Prepare 2-3 months of bank statements showing savings

Your first apartment does not need to be perfect. Focus on the essentials that will make your life easier.

• Prioritize commute time to work over space
• Check cell signal and internet availability
• Look for laundry facilities or in-unit washer/dryer
• Consider parking if you have a car
• Research the neighborhood for safety and amenities
• Take photos during the walkthrough for comparison

Your lease is a legally binding contract. Understanding key terms protects you from unexpected costs or issues.

• Note the lease term (12 months is standard)
• Understand the security deposit return policy
• Check the subletting and guest policies
• Know the process for maintenance requests
• Understand early termination fees and notice requirements
• Document the condition of the apartment before moving in