Finance Hacks: Is Your Rent Too High?
It’s that time of the year again! My lease was up for renewal, and even though monthly rent went up 50 dollars, I decided to sign it. I am still within my set limit of “monthly rent <= 33.33% of monthly paycheck”, and I love this studio apartment a lot, because of the convenient location, beautiful window view of Hudson river, and decent size. I, however, could not resist temptation to use www.rentometer.com to look up rents for studios in my area.
Lo and behold, there was a studio for 300 dollars less just a hundred feet away, and also plenty of other cheaper apartments in the area. Definitely something to keep in mind next year. If you, like me, rent an apartment in metropolitan area, check out Rentometer to see if you are paying too much!