Inside Tips: What to Pay Attention to When Looking for Apartments

Inside Tips: What to Pay Attention to When Looking for Apartments

When it comes to finding the right apartment, it’s more than just about rent or location—it’s about making sure you pick a place that fits your needs, lifestyle, and long-term plans. In Denver’s competitive market, the best apartments go fast, so having a game plan is essential. Here's what you need to keep in mind when looking for your next apartment, with key stats and insights to help you make the best decision.

1. Budget Beyond Rent

While the rent price might be your first focus, don't overlook the other associated costs of renting. In Denver, the average rent for a one-bedroom apartment hovers around $1,950 as of 2024, according to Zumper, but this is just the base expense. Be sure to consider utilities, internet, parking, and even renter’s insurance.

• Utilities: Some buildings include utilities in the rent, but more often, you'll be responsible for electricity, gas, water, and sometimes even trash services. Ask the property manager about average utility costs to ensure you won’t be hit with unexpected bills.
• Upfront Costs: Don’t forget that you may need to pay a security deposit, application fees, and possibly the first and last month’s rent upfront. These can add up quickly, sometimes equaling two to three months of rent.

2. Lease Terms and Flexibility

Understanding your lease terms is critical. Many apartments require a one-year lease, but some offer shorter, month-to-month options or 6-month leases—though these often come at a premium. Knowing what flexibility is available could save you hassle down the line, especially if your situation changes.

• Short-Term Leases: More flexible lease options are often available in neighborhoods with a high concentration of renters, like Capitol Hill or RiNo, but they typically come with higher monthly costs. Be prepared for an increase of 10-20% for flexible terms.
• Renewal Options: Ask about rent increases at renewal. In fast-growing cities like Denver, rents tend to rise 3-5% annually, as reported by Apartment List, so factor this in when budgeting for the long term.

3. Location is Key

One of the most important factors when searching for an apartment is the location. In Denver, neighborhoods vary widely in terms of vibe, amenities, and convenience. For example, if you’re looking to be close to nightlife and work, LoDo or RiNo may be great choices. However, if you prioritize access to outdoor spaces, areas like Sloan’s Lake or Wash Parkmight be better suited.

• Transportation: Consider how you’ll get around. Is the apartment near public transit like the RTD Light Rail, or will you rely on a car? If you own a car, find out if the building offers parking—some properties charge between $50 and $150 per month for a parking spot.
• Walkability: Check your potential neighborhood’s Walk Score to see how easy it will be to get around on foot. For example, Downtown Denver has a Walk Score of 90, meaning most errands can be accomplished without a car.

4. Pay Attention to Amenities

Amenities can make or break your apartment experience. Whether it’s on-site laundry, fitness centers, or coworking spaces, make sure the building has what you need.

• Fitness Centers: In some higher-end Denver apartments, like those in Cherry Creek or LoHi, on-site gyms are a common amenity. In other buildings, amenities like bike storage, pet spas, or rooftop lounges might also be available.
• Maintenance: Don’t overlook maintenance services. Inquire about how maintenance requests are handled. A 24/7 maintenance service can be a lifesaver when an unexpected issue arises, ensuring peace of mind.

5. Check for Noise Levels and Neighbors

Noise is a factor that can make your dream apartment less than ideal. Before committing to a lease, check the building’s soundproofing, especially if it’s located on a busy street or near a high-traffic area.

• Noise Levels: Visit the apartment during different times of the day to get a feel for ambient noise. Inquire about neighbor policies—buildings with noise regulations can provide a more peaceful living environment.
• Neighbor Considerations: Ask about the type of tenants in the building. Some complexes might cater more to young professionals, while others might be more family-oriented. Knowing this can help you gauge if the atmosphere suits your lifestyle.

6. Inspect the Condition Thoroughly

Before signing the lease, do a thorough walk-through of the apartment. It’s easy to overlook small things, but they could become major issues later.

• Checklist: Inspect the walls for any signs of mold or water damage, check the water pressure, and make sure all appliances are in working order. Don’t forget to test the locks on windows and doors for security.
• Document Everything: Take pictures of any existing damage and bring it to the landlord’s attention to avoid being held responsible when you move out. This documentation will be useful in securing your security deposit at the end of the lease.

7. Understand the Community

Finally, make sure you understand the community vibe. Apartments in RiNo or LoDo might cater to young professionals looking for nightlife, while neighborhoods like Wash Park are ideal for families or those seeking a quieter experience. Many properties also host resident events, which could be a good way to get a feel for the community before signing a lease.

Final Thoughts

By keeping these key factors in mind, you'll have a much smoother apartment search. From considering total costs and flexibility to evaluating noise levels and amenities, paying attention to the details will help ensure you find a home that suits your lifestyle and budget in Denver's competitive market.

‍