"Because each month constitutes 8% of the annual rent, an easy way to think about this is that having four times the monthly rent in reserves should cover basic moving costs," says Monica Breese, a real estate broker with Compass.
"One of the first things you'll need to consider is how much the security deposit will be, as most rentals will want this deposit along with your first month's rent upfront."
"It's recommended that you have a cushion of three months' rent set aside for any emergencies or unexpected expenses. This cushion should cover rent, utilities, and other recurring costs like parking or pet fees associated with the apartment."
"Be prepared for moving costs, which can vary wildly depending on whether you choose to do the move yourself or hire movers and what part of the country you live in."
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