If you have found one of the great one bedroom apartments in southside Jacksonville, you have a lot of wonderful opportunities waiting for you. You will now have a space that feels like your own, with your own personal preferences in terms of decorations, musical choices, food decisions, and so much more.

 

Of course, it doesn’t happen for free. Instead, you will have to pay costs - some regularly and some infrequently - in order to live in an apartment. But the price of living in one is almost always worth it. Here is what you’ll have to pay for when living in an apartment.

 

Rent: It goes without saying that you will have to pay monthly rent when you are living in an apartment.

 

Rent is the main cost of living in an apartment. In other words, it is the price of admission if you want to keep staying there. Rent is the monthly fee paid to the landlord or property management firm for the right to occupy the unit. The rent amount varies based on the apartment's size, location, amenities, and market circumstances. And keep in mind that it may raise over time, and probably will, but you will be given proper notice long before your fees are increased.

 

Security Deposit: Meanwhile, many landlords demand that you pay a special security deposit before moving into your new space.

 

This security deposit is usually equal to one month's rent and is maintained by the landlord as financial protection against any damages or unpaid payments throughout the lease. The security deposit is returned at the conclusion of the lease period, although deductions for damages or unpaid rent could be taken out so you may not get 100% of your deposit back in the end.

 

Renter’s Insurance: Renter's insurance is a type of policy that protects a tenant’s personal possessions and space when they are living in an apartment.

 

While it is not always required by law, many landlords today ask people staying at their properties to acquire renter's insurance as part of their lease agreement. Renter's insurance prices might vary depending on coverage, deductibles, your location, and some other personal circumstances.

 

Pet Fees: If you are looking to live in an apartment with your little furry friend, you are in luck because many apartments now allow pets. But they won’t be able to move with you for free.

 

Tenants with pets may be forced to pay fees or deposits as part of their lease. These fees are meant to cover any sort of pet-related damages and may not be refunded when you move out. Plus, you should know that certain landlords may charge pet rent in addition to the original pet cost.