How do you find a cheap room for rent?


Quick Answer

To find a cheap room for rent, experts at MoneyCrashers.com advise first determining your monthly budget and deciding what portion of income you can dedicate to rent. Then, consult free rental listings such as Rent.com or Craiglist to search for rooms and apartments aligned with your budget.

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Full Answer

To determine your budget, take inventory of your income and anticipated expenses. Your rent should not be more than 50 percent of your take-home pay, according to LearnVest. MoneyCrashers.com further advises that those looking to trim apartment costs further should look at geographic areas with a lower cost of living, determine ways to save on transportation costs, and even consider obtaining a roommate to cut down on rent. Once you've established how much you can feasibly afford, you can begin searching for apartments in your preferred location.

Brokers, real estate agents and apartment owners list their available homes, apartments and rooms on websites such as Rent.com, Craigslist.org, and Apartments.com. These free sites allow users to set filters based on price range, so that only relevant, low-cost results are provided, according to Rent.com. Users can search by number of bedrooms or bathrooms, whether pets are allowed, and community features such as parking and storage. Once you've found a rental that suits your needs and fits your budget, you can then contact the broker, realtor or owner directly to coordinate your potential lease, ask any questions about the apartment or room, and determine if you've found your new home.

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