what does it mean when a apartment says 675per person

2 min read 22-01-2025

what does it mean when a apartment says 675per person

Finding the perfect apartment can be challenging, and deciphering rental listings is often the first hurdle. One common point of confusion is when a listing states a price like "$675 per person." This article will clarify what this means and help you understand the potential costs involved.

Understanding "Per Person" Apartment Pricing

When an apartment advertises rent as "$675 per person," it signifies that the total rent is divided among the occupants. This is a common practice for apartments or houses marketed towards roommates or shared living situations. It's crucial to understand that this is not the total rent.

Calculating the Total Rent

To find the total rent, you must multiply the "per person" price by the number of people occupying the apartment. For example:

Two occupants: $675/person * 2 people = $1350 total monthly rent.
Three occupants: $675/person * 3 people = $2025 total monthly rent.

This means that each roommate would be responsible for their individual share of the total rent.

What's Included in the "$675 Per Person" Rent?

The "per person" price usually includes the following:

Base rent: The fundamental cost of occupying the apartment.
Utilities: This can vary greatly. Some listings might include utilities like water, trash, and internet, while others might not. Always confirm what utilities are included before signing a lease. If utilities are not included, add those potential costs to your personal calculation.
Amenities: Certain amenities, such as a gym, pool, or parking, might be included. Again, always confirm what is included with the advertised price.

Potential Hidden Costs

Beyond the rent, additional costs should be considered:

Security Deposit: This is typically one or two months' rent, paid upfront to protect the landlord against damage.
Application Fees: Many landlords charge an application fee to process your rental application.
Broker Fees: If you're working with a real estate broker, you'll likely incur a broker's fee, usually a percentage of the annual rent.
Utilities (if not included): As mentioned, if the utilities aren't included, budgeting for electricity, gas, water, sewer, and internet is vital.
Moving Costs: Factor in costs related to moving your belongings into the apartment.

Questions to Ask Before Signing a Lease

Before committing to an apartment listed as "$675 per person," ask the landlord or leasing agent these crucial questions:

What utilities are included? Get a clear list of what's covered and what's not.
What is the total rent? Confirm the calculation based on the number of occupants.
What are the security deposit and application fee amounts? This helps you budget accordingly.
Are there any other fees or charges? This will ensure no surprises appear later.
What is the lease term? Determine how long your commitment will be.
What is the pet policy? If you have pets, understand any restrictions or fees that may apply.

Finding Reliable Roommates

If you plan to share the apartment, finding compatible and trustworthy roommates is essential. Thoroughly vet potential roommates to avoid future conflicts. Consider creating a roommate agreement outlining responsibilities for rent, utilities, and shared space.

Conclusion: Understanding the “Per Person” Rent

The phrase "$675 per person" simplifies the rental cost for multi-occupancy situations. However, it's vital to understand the implications and do your due diligence to avoid unexpected expenses. By clarifying what's included, asking the right questions, and planning for potential hidden costs, you can make an informed decision when considering a "per person" rental property. Remember to always carefully review the lease agreement before signing.