Author Topic: Apartments and what is too much?  (Read 2028 times)

gene parmesan

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Apartments and what is too much?
« on: December 01, 2013, 08:19:17 AM »
Hey everyone,

I need to get an apartment for the next 6 months. I have an opportunity to change jobs around may and I will be able to relocate to a different part of the country if I'd like (definitely an exciting opportunity which I will be taking). I need to find an apartment in the mean time. Living with my parents is not an option. I live in southern New Hampshire, so the rent are pretty expensive, especially for 6 month leases. I have been looking around but the cheapest place I can reasonably find has been about $970/mo. I don't have anyone I know that needs a roommate.

My "Stats":
age: 22 yo right out of college
After tax, 401k, car insurance, health/dental salary: 1100 every two weeks
Student loans: start with 30k in may down to 18k
groceries: about $200/mo
car: about $50/mo
other: $200/mo?

Is $970 a month too much to pay for the next six months considering my salary? What does everyone recommend I do?

iamlindoro

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Re: Apartments and what is too much?
« Reply #1 on: December 01, 2013, 08:47:33 AM »
Based on the description, I'm going to guess you mean Manchester.  Looking at CraigsList, it looks like you can find some subleases of a single room in someone else's apartment for 550-600.  This is what I would do-- you can grin and bear just about any kind of roommate for 6 months.

projekt

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Re: Apartments and what is too much?
« Reply #2 on: December 01, 2013, 12:10:23 PM »
Yeah, a good goal is to get rent down to 25% of your income or less. It frees up a lot of room for everything else, especially paying off loans.

KingCoin

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Re: Apartments and what is too much?
« Reply #3 on: December 01, 2013, 12:22:16 PM »
Subletting a room makes a ton of sense for a short term situation. It also frees you from buying a ton of furniture, electronics, kitchen ware, etc. that you'll just have to sell or haul across the country in 6mo.

dragoncar

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Re: Apartments and what is too much?
« Reply #4 on: December 01, 2013, 12:28:57 PM »
Yeah for 6 mo get the cheapest thing that doesn't suck balls.  You don't want to deal with lots of furniture, etc