Navigating your way into a new career is a big challenge for a recent grad or any young professional. Moreover, having to do it in a new city can pretty much throw you into uncharted waters. This exciting new experience brings along a ton of challenges you may or may not have thought about: making new friends, adjusting to a new boss, finding your way around unfamiliar neighborhoods and even locating a new go-to coffee shop or restaurant – just to name a handful of things.
Finding a place to live is among first and most important hurdles you’ll have to clear. But where do you start? What neighborhood should you choose? What is considered a “good deal” on rent in your new city?
To spare you some of the stress, we have a few insider tips that are sure to give you a head start in finding your new apartment when moving to one of WalletHub’s top 5 cities to start a career: Salt Lake City, Denver, Austin, Sioux Falls and Minneapolis. They are all great choices for young professionals; now let’s see what they’re like in terms of rent.
- Salt Lake City, UT
- Average rent in Salt Lake City: $1,028
- Average apartment size: 839 sq. ft.
- Average high-end apartment rent: $1,329
- Average non-luxury apartment rent: $963
Best Rental Find: Altitude on Fifth in Rio Grande
Located in downtown Salt Lake City, a magnet for young professionals, Altitude on Fifth is perfect if you want to be in the middle of the action: entertainment, shopping and dining are at your doorstep. The Rio Grande neighborhood has become increasingly popular with millennials seeking a downtown lifestyle at a more affordable cost. These upscale 1-bedroom apartments start at $795, well below the average rent in this neighborhood for a 1-bedroom, which is $926, and also below the $938 city average.
- Denver, CO
- Average rent in Denver: $1,452
- Average apartment size: 838 sq. ft.
- Average high-end apartment rent: $1,751
- Average non-luxury apartment rent: $1,219
Best Rental Find: City Gate in Five Points
Set in the North Denver’s Five Points neighborhood, in an ideal location for those working downtown, City Gate puts you close to work, entertainment hot-spot LoDo, the hip River North Art District, blocks away from the rail system, while providing beautiful views of downtown. City Gate is certainly a great find not only for its amazing amenities, but also for offering studios starting at $1,240 per month and 1-bedroom apartments starting at $1,320, well below the average rents in this neighborhood which are around $1,428 for a studio and $1,689 for a 1-bedroom.
- Austin, TX
- Average rent in Austin: $1,283
- Average apartment size: 860 sq. ft.
- Average high-end apartment rent: $1,443
- Average non-luxury apartment rent: $1,063
Best Rental Find: Eastside Commons in French Place
Austin’s great reputation as a thriving city for young professionals has inevitably pushed rent prices up in recent years. But there are a few hip neighborhoods that are still affordable for young professionals and French Place in East Austin is one of them. A 1-bedroom apartment at Eastside Commons starts at $1,141, right around the average price for this area.
- Sioux Falls, UT
- Average rent in Sioux Falls: $973
- Average apartment size: 995 sq. ft.
- Average high-end apartment rent: $1,401
- Average non-luxury apartment rent: $778
Best Rental Find: Uptown Exchange Lofts in Downtown
One of the fastest growing and most sustainable cities in the Midwest, Sioux Falls is drawing more and more young residents and apartment construction is looking ahead to meet the demand. To make exploring your new city easy and fun, your best bet as a newcomer is living in downtown Sioux Falls, and Uptown Exchange Lofts put you within walking distance to everything. The apartments here are upscale while the prices are in line with the average rent for the city, 1-bedrooms starting at $880.
- Minneapolis, MN
- Average rent in Minneapolis: $1,389
- Average apartment size: 787 sq. ft.
- Average high-end apartment rent: $1,815
- Average non-luxury apartment rent: $1,103
Best Rental Find: Uptown Lake Apartments in Uptown
If there was ever an ideal neighborhood for young residents in Minneapolis that everyone agrees upon, it’d be Uptown. With a friendly, young and fun atmosphere, this is a great area to feel welcomed in a big metro like Minneapolis. Living here puts you at a short driving distance to downtown or just minutes via public transportation. However, it’s not easy to find an affordable apartment in this popular area. The stylish Uptown Lake Apartments in Uptown’s Lowry Hill East offer competitive rents, with one-bedrooms starting in the $1,200’s, whereas the average rent for a 1-bedroom in the area is closer to $1,400.
Finding an apartment while living in a different city can be challenging. Especially if you don’t have a lot of local knowledge. To get a feel for the local rental market, start by searching available rental listings on a portal like RENTCafé. You can browse and compare thousands of apartments without leaving your couch.
After you narrow down your options, you can focus on getting a good deal, by checking rent rates in your new location, rent-price evolution in the past year, average rents by unit size and what’s considered high rent and low rent in a specific neighborhood – information usually available on apartment listings pages.
Another great advantage of searching online is that once you decide on an apartment, you can continue the process online: checking floor-plan availability, contacting property managers with any questions you might have and wrapping up the process by applying for a lease online.
Starting a new career in a new city can be exciting and rewarding when you have the right tools to help you with the transition.
This article was written by Nadia Balint, a real estate writer for the RENTCafé blog.
Image: jeffbergen / iStock.