What Bills Do You Pay When Renting an Apartment?

February 16, 2023 | By Luxury Living Chicago Team
Reading Time: 2 Minutes

When renting an apartment, there are several bills that you will be responsible for paying. These bills can vary depending on the type of apartment you rent and the location, but here are some of the most common bills that renters are responsible for.

What Bills Do You Pay When Renting an Apartment?

  1. Rent. The most obvious bill that renters have to pay is their monthly rent. This is the amount you pay to your landlord or property management company to occupy the apartment. Rent can vary widely depending on the location, size, and amenities of the apartment.
  1. Utilities. Utilities are services like electricity, gas, water, and sewer that are necessary for living in an apartment. Depending on your lease agreement, you may be responsible for paying for all or some of these services. Some apartments may include certain utilities in the rent, while others may require you to set up your own accounts with utility companies.
  1. Internet and cable. If you want to have internet and cable services in your apartment, you will be responsible for paying for them. You can set up accounts with providers such as Comcast, AT&T, or Spectrum to have these services installed in your apartment.
  1. Renters insurance. Renters insurance is an insurance policy that covers your personal property in case of theft, fire, or other covered events. It’s important to have renters insurance to protect your belongings, but it’s typically not required by law. The cost of renters insurance can vary depending on the coverage you choose and the value of your personal property.
  1. Parking. If you have a car and need to park it near your apartment, you may be responsible for paying for a parking space. Some apartments come with assigned parking spaces, while others may require you to rent a space from a nearby parking garage.
  1. Move-in fees. When you move into an apartment, you may be required to pay certain fees such as a security deposit, application fee, or move-in fee. These fees can vary depending on the landlord or property management company, but they are typically due at the time of move-in.

In conclusion, renting an apartment comes with several bills that you will be responsible for paying. These bills can include rent, utilities, internet and cable, renters insurance, parking, and move-in fees. Make sure to review your lease agreement and understand what bills you will be responsible for before signing on the dotted line.

For more information on the costs associated with living in Chicago, click the button below.

The Cost of Living in Chicago

Search The Blog

Follow Us on Social

Apartment Experts

Spend less time apartment hunting, and more time living. Luxury Living is a complimentary service to make your apartment search easier, and even fun. Whether you’re new to the city or simply in need of a change, we are here to help.

Featured Apartments

Up Next

read more

Navigating Apartment Parking Options in Chicago

Known as a great city in terms of public transportation, Chicago isn’t always associated with cars – but according to the Illinois Secretary of […]

read more

The Best Apartments in Chicago by Neighborhood

Chicago is the hub to some of the most impressive apartments in the U.S. in terms of quality, amenity offerings, and location. Between some […]

read more

How Much Do You Need to Save Before Moving Into An Apartment?

Moving into an apartment for the first time – whether after school, after spending time living with family or due to other life circumstances […]

read more

The 2023 Updated Guide to Finding Luxury Apartments in Chicago

The city of broad shoulders is ever-changing: considering that Chicago’s entire grid system was born of rebuilding the city following the Great Chicago Fire, […]