New Scenario — Lease vs. Buy Your First Apartment

How much rent can you afford?

Your first paycheck brings home roughly $3,200/month. The rent you pick here decides what that paycheck can still cover. Pick the rent you'd realistically sign for.

Monthly rent
Step 2 — Move-in Cost

How much up front?

Most leases ask for a security deposit before you get the keys. Some landlords need 2 months rent. Drives the cash you need on day one.

Security deposit
Step 3 — Lease Length

How long are you locked in?

A longer lease usually means a slightly cheaper monthly rate — but if you lose your job in month 4, breaking it costs money. Shorter leases keep your options open.

Lease length
Step 4 — Utilities

Who pays for electricity, water, internet?

Rent is only the start. Utilities can add $80–$180/month on top. A "cheap" apartment that sticks you with all the utilities can be more expensive than a "pricier" one with utilities included.

Who pays utilities?
Step 5 — Fine Print

What happens if you have to leave early?

The early-termination clause tells you what it costs to break the lease. Most leases have one — landlords want protection if you vanish. Read this before you sign.

Early-termination clause
Step 6 — Your Lease Decision

Here's the lease you just signed

Connect the numbers back to your first paycheck. Rent, utilities, and a possible exit penalty — all from a single signature today.

Your Lease
— month lease
Monthly rent
$0
Utilities (est.)
$0
Move-in cost (deposit + first month)
$0
Early-termination penalty
$0
Your Lease Score
0 / 15
Grade
F
Out of A–F, based on your five lease choices.
Housing as % of take-home
0%
Target: stay under 30% of take-home pay.