What Are the Typical Expenses for a First Rental Apartment?

Renting a first apartment marks a significant milestone, opening doors to newfound independence and personal space. This transition brings financial responsibilities that prospective renters must understand for a smooth move and sustainable living. Being aware of the various expenses, from initial payments to recurring monthly bills, helps individuals budget effectively and avoid unexpected financial strain. This article clarifies the typical costs associated with securing and maintaining a first rental apartment.

Initial Upfront Costs

Securing a rental apartment requires several payments before or at lease signing. These initial upfront costs are often substantial and can surprise first-time renters.

An application fee, typically ranging from $30 to $75 per applicant, is a common initial expense. This non-refundable fee covers the landlord’s costs for background checks, credit checks, and verifying rental history. It is a standard part of the application process.

A security deposit is another upfront cost, serving as a financial safeguard for the landlord against potential damages or unpaid rent. This deposit is usually equivalent to one to two months’ rent, though it can occasionally be higher, especially for luxury rentals or in competitive markets. For instance, if the average monthly rent is around $1,638, a security deposit could range from $1,638 to $3,276. This amount is generally refundable at the end of the lease, provided the tenant meets the lease terms and returns the property in good condition.

Prospective renters often need to pay the first month’s rent at lease signing, which can sometimes be accompanied by the last month’s rent. This means a renter might need to have funds equal to two to three months’ rent readily available before moving in. If a pet is part of the household, additional pet deposits or non-refundable pet fees are usually required. A pet deposit, which is refundable, typically ranges from $100 to $600, while a non-refundable pet fee can be between $250 and $500 per pet. Some landlords may also charge monthly pet rent, averaging $10 to $20 per animal.

If a real estate agent or broker facilitated the apartment search, a broker’s fee might be applicable. This fee can vary significantly but often amounts to a percentage of the annual rent or a full month’s rent, adding another substantial sum to the initial outlay.

Moving and Essential Setup Costs

Beyond the initial payments to secure an apartment, a new renter faces a distinct set of expenses related to the actual move and making the new living space functional. These costs are incurred around the time of moving in and are crucial for establishing a comfortable and livable home.

Moving expenses can vary widely depending on the chosen method. Renting a moving truck for a local move might cost around $130 to $150, but this can increase significantly for long-distance moves, potentially reaching $1,780 or more, not including fuel. Alternatively, hiring professional movers can range from $882 to $2,566 for local moves, with long-distance moves potentially costing between $2,700 and $10,000 or more, depending on the volume of items and distance. Smaller items like boxes, tape, and packing materials also add to these costs.

Upon moving in, furnishing and equipping the apartment with essential items becomes necessary. This includes a bed, basic kitchenware such as pots, pans, and dishes, and fundamental cleaning supplies. Utility setup fees represent another set of one-time charges, as many service providers, including electricity, gas, water, and internet companies, may levy activation fees to establish service.

Renter’s insurance is another important consideration, and the initial premium is typically due around the move-in date. This insurance protects personal belongings from unforeseen events like theft or fire and provides liability coverage. The average cost of renter’s insurance in the U.S. is about $12 to $14 per month, or $147 to $170 annually, though it can vary based on coverage and location.

Ongoing Monthly Expenses

After settling into a new apartment, a renter’s financial obligations shift to recurring monthly expenses that form the core of their ongoing budget. These costs are consistent and require careful management to maintain financial stability.

Rent is the most significant and consistent monthly expense. As of mid-2025, the average monthly rent for an apartment in the U.S. ranges from approximately $1,638 to $2,100, depending on various factors such as location, size, and amenities.

Utilities constitute a major portion of monthly spending. These typically include electricity, gas, water, sewer, and trash collection. The average monthly utility bill in the U.S. can range from $500 to $600.

Electricity is often the largest component at around $137 per month. Natural gas typically costs about $80 per month, while water and sewer combined can range from $86 to $150 per month. Trash and recycling services usually add $25 to $100 to the monthly total. These costs fluctuate based on usage, seasonal changes, and apartment size.

Internet and cable television are additional monthly bills that are often separate from basic utilities. The national median monthly bill for internet and cable services is around $121. For internet alone, the average monthly cost is about $76. Many households find reliable internet connectivity essential for work, entertainment, and communication.

Groceries represent a variable expense, with the average monthly cost for one person ranging from $239 to $529, depending on dietary habits and location. Transportation costs also contribute to monthly expenditures, encompassing public transit passes, gasoline for personal vehicles, car insurance premiums, and any applicable parking fees.

Personal care items and household supplies, such as toiletries and cleaning products, are regular consumables that necessitate ongoing purchases. Renter’s insurance also involves a recurring monthly premium, averaging around $12 to $14. It is important to allocate funds for miscellaneous or discretionary spending, as personal preferences and unexpected needs will always arise.