It takes a bit of money for you to rent out an apartment. Not only do you need to look at how much the rent is going to be each month, but also how much you will have to pay in security deposits, utilities, first and last month’s rent, and more before you can even move in. You need to spend some time running the numbers to see what you can afford and to get a good idea of how much this is all going to cost you.

To start, you need to figure out your gross income. This is the amount that you are making each month before your taxes. Once you have this amount, you will be able to divide it out by three to figure out the maximum you should be paying for rent. Anything over this and the landlord is less likely to approve you for the apartment. But you can definitely go lower than this and see more money in your pocket from one month to the next.

With that said, what you are able to qualify for in an apartment and what you can afford may not be the same thing. To figure out what you can actually afford based on your current obligations and debts. You need to go down and look at all of your regular monthly expenses like your gas, car payments, phone bills, utilities and everything else that you have to pay each month. You can add in other things, like what you would pay for the entertainment, going out with friends, presents and more.

Once you have a good idea of your expenses, you can take that from the net income, or the amount that you actually bring home each month from your job after taxes and benefits are deducted. Then you can see what is left. If it comes out close to what you see with the three times rule that we talked about above, then go ahead and use that.

Finding apartments for rent in Orlando can take some time. This is a beautiful area that a lot of people would like to call their own home, but they find that they have a lot of stiff competition along the way. When you are looking for the right apartment in Orlando, then it is time to come take a look at some of the beautiful units that we have available. Not only are you going to be able to enjoy all that Orlando has to offer, but you will get some amazing amenities and more. Contact a member of our staff today to take a tour and see if one of these units is just right for you.