many Americans. The decision to lease or buy an apartment largely
depends on your long - term plans. You could buy an apartment if
you plan to stay in the US indefinitely. Leasing would be a better
option if you plan to leave the US once your purpose of the visit
Budget plays a vital role in the type
and location of the apartment you are looking for. As a rule of
thumb, about 20% to 25% of the family's income goes towards rent.
If you live in an expensive city, you might have to pay up to 50%
of your income towards rent.
prices can be divided into the following three categories.
- Highly Expensive.
are generally lower in the city's downtown areas. However, downtowns
are known for their higher crime rate is not generally advisable
to stay there, especially people with families. Apartment prices
increase as the location nears the city's center.
A typical apartment
rent includes one bedroom, one bathroom, balcony or patio, dining
cum living room, refrigerator, and kitchen with dishwasher. In certain
cases, it may also come with washer/dryer and a microwave. Floor
plans are in the vicinity of 750 - 900 Sq. Ft.
If you are
single, you could get a studio apartment (400 - 500 Sq. Ft.) which
are about $100 less than one bedroom apartments. Two bedroom apartments
cost about $150 more than the median cost of one bedroom apartments.
Most apartment complexes have a playground and a swimming pool.
More expensive apartments come with tennis courts and gymnasium
and sometimes even a Jacuzzi facility shared by all residents.
charge a certain amount of money as security deposit (often this
is a month's rent and can range from $250 to $500). The deposit
is returned back once the lease period expires. All apartments are
given on a lease period, typically one year for the prices mentioned
above. Shorter leases such as six months cost about $20 more.
apartment prices in major cities in the US
These prices reflect average cost of a one - bedroom
apartment in some of the major cities in the United States. For
more specific information, please check up http://www.rent.net