The Latest on How Is COVID-19 Affecting Rent Prices

February 18, 2021 | By Stella M AuthorMy First Apartment

The COVID-19 pandemic has radically reshaped the economy, including the rental market. Some people have struggled to pay rent during the pandemic, and many landlords have faced challenges finding new tenants who can afford the rent. Weirdly, there’s a silver lining in all this: Many landlords have had to lower their rents to make ends…

What If I Can’t Pay My Rent or Mortgage Due to Coronavirus?

March 25, 2020 | By Stella M AuthorMy First Apartment

Over the past two weeks, the COVID-19 pandemic has at least temporarily shuttered a wide variety of small businesses, especially those in the restaurant, nightlife, hospitality, beauty, and entertainment industries. In turn, millions of people have been left with no source of income, and if you’re one of these people, you might be struggling to…

Where to Live: Median Rent and Largest Industry in 50 States

April 30, 2018 | By Nat AuthorMy First Apartment

No matter where you live, finding an apartment that’s affordable, safe and not awful-looking can be a challenge. With the rising price of rent in growing cities and the trends of more people choosing to live in apartments versus traditional homes, deciding where to move can be a tricky business. Even more, if you’re thinking…

Affordable Rent Calculator

September 20, 2015 | By MFA Editors AuthorMy First Apartment

Click Yes or No below to open calculator. Description of the My First Apartment’s Affordable Rent Calculator: 1.) The above easy-to-use calculator uses the formulas from this post for calculating your maximum affordable rent. (Note: If you are paid hourly, you should also check our post How Much Rent Can I Afford on My…

How Much Rent Can I Afford on My Income? – Two Simple Ways to Estimate

June 4, 2015 | By MFA Editors AuthorMy First Apartment

Update: You can download our new Printable Apartment Budgeting Worksheet and use it to estimate your rent and budget for all your expenses. We get questions all the time about how much rent should you pay based on your income. For example, here is a recent comment from Alen: “I have found a apartment for…