Some companies pay for moving expenses, including temporary accommodations and broker fees for finding a new apartment. If you’re moving without corporate support, it’s worth comparison shopping and saving for things like packing supplies, movers, a vehicle rental, gas, shipping costs, extra baggage fees, and mover’s insurance.
Either way, it’s worth knowing in advance that many rental agencies and landlords will also require first and last month’s rent as well as application fees, proof of income, your credit score, and a security deposit to secure an apartment. In cities like Chicago, Miami, and New York, broker’s fees range from one month’s rent to 15 percent of the annual rent.
For students moving for school, this period is often when acceptances have been sent out and campus housing applications open. Review the different types of on-campus accommodations available, which are often furnished and cheaper than market rates for similar apartments in the area, and be sure to complete the information as early and accurately as possible.
Some schools assign on-campus housing based on students traveling the farthest, but spots on the waitlist may open up if other students decline their initial offers.
Campus housing may also be available for new faculty, fellows, and visiting scholars. This often depends on availability, department allotment, and each educational institution’s housing policy.
Those who aren’t moving for school often still need to be aware of how the academic calendar will affect the ability to find a place and sign a lease. In competitive markets like San Francisco and New York, as well as those with many college students like Boston, potential renters are advised to start looking at least three to four months in advance of the desired move-in date. Competition will also be high for leases starting May and June after graduation, as well as in August and September, when many students begin classes.