First Apartment Costs — Complete 2026 Price Guide

First Apartment Costs — Complete 2026 Price Guide — hero image
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💰 Cost Breakdown

Item Low Average High
Security deposit
Typically 1-2 months rent; refundable if apartment left in good condition
$800 $1,500 $3,000
First month rent
Due at lease signing along with security deposit
$800 $1,500 $3,000
Application and admin fees
Non-refundable fees for credit checks and lease processing
$50 $150 $300
Utility deposits and connections
Electricity, gas, internet, water setup fees and deposits
$200 $400 $800
Renter insurance (annual)
Required by most leases; protects personal belongings
$120 $200 $350
Basic furniture essentials
Bed, couch, table, desk, dresser - varies greatly by quality and new vs used
$1,000 $3,000 $8,000
Kitchen essentials
Cookware, dishes, utensils, small appliances, food storage
$300 $600 $1,200
Cleaning and household supplies
Vacuum, cleaning products, laundry supplies, basic tools
$100 $200 $400
Moving costs
Truck rental, gas, moving supplies, or professional movers
$150 $400 $800

Security deposit

Typically 1-2 months rent; refundable if apartment left in good condition

Low $800
Average $1,500
High $3,000

First month rent

Due at lease signing along with security deposit

Low $800
Average $1,500
High $3,000

Application and admin fees

Non-refundable fees for credit checks and lease processing

Low $50
Average $150
High $300

Utility deposits and connections

Electricity, gas, internet, water setup fees and deposits

Low $200
Average $400
High $800

Renter insurance (annual)

Required by most leases; protects personal belongings

Low $120
Average $200
High $350

Basic furniture essentials

Bed, couch, table, desk, dresser - varies greatly by quality and new vs used

Low $1,000
Average $3,000
High $8,000

Kitchen essentials

Cookware, dishes, utensils, small appliances, food storage

Low $300
Average $600
High $1,200

Cleaning and household supplies

Vacuum, cleaning products, laundry supplies, basic tools

Low $100
Average $200
High $400

Moving costs

Truck rental, gas, moving supplies, or professional movers

Low $150
Average $400
High $800
Average Total Cost: Budget Setup: $4,000 - $7,000 • Premium Setup: $10,000 - $20,000+ • Typical First Apartment: $6,000 - $12,000

💡 Money-Saving Tips

1

Look for apartments that include some utilities to reduce monthly costs

2

Buy furniture gradually from thrift stores, Facebook Marketplace, and estate sales

3

Ask family and friends for hand-me-down household items before buying new

4

Consider furnished apartments for short-term savings on furniture costs

5

Shop end-of-season sales for linens, small appliances, and household goods

✨ When to Splurge

Quality mattress for good sleep and long-term health

Reliable internet service for work and entertainment

Good locks or security upgrades if needed for safety