First Apartment Budget Checklist: Everything You Actually Need to Plan For

Moving into your first apartment is exciting, but it also comes with a lot of “hidden” costs nobody really talks about. If you are looking for a clear first apartment budget checklist to keep you from unexpected surprises, you are in the right place!

It’s not just rent you need to think about. There’s utilities, furniture, little fees that pop up, and a bunch of small things you don’t realize you’ll need until you actually live on your own.

When I moved into my first apartment after college, I was living the minimalist life without even trying. It was a tiny studio, just enough room for a bed, a small computer desk, and one chair. (No table for guests… if anyone came over, they had to sit on the bed or the floor. 😂) I didn’t have fancy furniture or a fully stocked kitchen either.

Honestly, I borrowed a few basics like pots, pans, and bowls from my parents, whatever they weren’t really using. I didn’t plan on hosting a lot of people anyway. I just wanted to finally live on my own, as simply as possible. Looking back, it was the best way to start. Focus on the essentials and add more later when you actually need it.

Here’s a simple, realistic first apartment budget checklist you can use to move in with confidence, not panic.

First Apartment Budget Essentials

Rent

Plan for first month’s rent plus a security deposit (usually equal to 1 month’s rent).

Renter’s Insurance

• Often required by landlords.
• Usually around $10–$20/month.

Utilities

Depending on your lease, you might have to set up and pay for:

• Electricity
• Gas
• Water/Sewer
• Trash/Recycling
• Internet ($40–$80/month)
• Cable (optional)

Phone Bill

• If you’re leaving the family plan, expect to add your own cell service cost depending on your carrier.

Move-In Costs

• Moving truck rental, gas, hiring help, or moving supplies like boxes and tape.

Hidden Fees to Watch Out For

• Application fees: $30–$50 per application.
• Move-in fees: charged by some complexes/landlords.
• Pet fees: $200–$500 deposit + $25–$50/month extra rent.
• Parking fees
• Mailbox/key deposit
• Amenity access fees: Gym, pool, laundry room access fees.
• Utility setup fees: $20–$50 per service.

Apartment Must-Have Purchases (One-Time Costs)

Ongoing Life Expenses to Budget For

Groceries

• Plan around $200–$400/month depending on how much you eat at home.

Transportation

• Gas, bus passes, rideshares, parking passes, parking fees.

Fun Money

• Streaming subscriptions, hobbies, occasional nights out.

Loan Payments

• Student loans, if repayment has started.

Car Payments and Insurance

• Car loan and car insurance ($75–$150/month).

Quick First Apartment Budget Rule of Thumb

• Keep rent + utilities to 30–40% of your take-home pay if you can.
• Save enough for first month’s rent + deposit + basic setup costs before moving.
• Plan for upfront moving expenses and a little buffer for “surprise” fees.

Final Thoughts on Your First Apartment Budget Checklist

Your first apartment is a huge step toward independence. It doesn’t have to be fancy, perfect, or Pinterest-ready right away. Start simple, buy only the essentials, and give yourself time to settle in and grow into your new space.

By using this first apartment budget checklist, you’ll be better prepared, avoid nasty surprises, and start your adult life feeling confident and in control.

You’re building your own space — and that’s something to be proud of!

On your side,
Mrs. Money Sidekick

P.S. Interested in other helpful guides for setting up your financial foundation and handling all your important firsts? Check out our Starting Out posts here!

Featured Image from People illustrations by Storyset