Financial Planning and Move-In Expenses: What Every Renter Should Know
Before you dive into apartment hunting, it’s important to know exactly how much you can afford. Planning ahead will not only help you stay within budget, but it can also save you from unexpected expenses down the road. Whether you’re moving across town or considering one of our rental apartments in Iowa City, here’s a smart way to approach the process.
Know Your Budget Before You Start Searching
Step one? Understand your financial limits. Take time to create a list of all your monthly expenses—including credit card payments, food, transportation, and any subscriptions you have. Then, compare that to your take-home pay to see what’s left over.
💡 Pro Tip: Your rent should ideally not exceed 30% of your net income. That gives you breathing room for utilities, groceries, and savings.
At Cambridge Place Apartments, we make budgeting easier by including most utilities in the rent:
✔️ Heat
✔️ Water
✔️ Cable TV
✔️ Internet
✔️ Trash & Recycling
✔️ Fitness Center Access
✔️ Extra Storage
The only things you’re responsible for are electricity, phone service and garage rental (if you decide to store your vehicle inside).
Move-In Costs to Expect
Once you’ve found a place you love, be prepared to pay your security deposit (typically one month’s rent) and your first month’s rent before move-in. If your credit isn’t great or your application raises red flags, you may be asked to pay a higher deposit.
You’ll also want to factor in moving expenses. Get quotes from a few local movers to compare prices—or consider renting a truck if you’re planning a DIY move.
Bonus: Free Storage at Cambridge Place
Storage space can be a big deal, especially if you’re downsizing. Some apartments offer small storage units for an added fee. At Cambridge Place Apartments, we provide generously sized 10′ x 10′ storage units—completely free. It’s just one more way we add value to your rental experience.
Lease Signing and Walk-Through Checklist
A lease is more than just paperwork—it’s a binding agreement between you and your landlord. It outlines your rent, lease term, and responsibilities as a tenant. Before you sign:
- Read every section carefully
- Ask questions about anything unclear
- Understand policies on early move-out or lease-breaking fees
Before move-in day, schedule a walk-through with property management. This helps you document the apartment’s condition and can prevent issues when your lease ends. Be sure to:
✅ Take photos of any pre-existing damage
✅ Note worn appliances, stained carpet, or wall marks
✅ Confirm maintenance expectations
What Else Should You Know Before You Apply?
Finding the right apartment in Iowa City isn’t just about square footage and rent—it’s about fit. Make sure to check:
- Smoking rules: Cambridge Place is a 100% non-smoking community
- Pet policies: We do not allow pets on the property
- Community rules and lease terms: These are set by the landlord, so it’s always smart to ask before applying
Your Ideal Apartment Awaits at Cambridge Place
Moving can feel overwhelming, but it doesn’t have to be. When you plan ahead and choose the right place, the process becomes a lot smoother. At Cambridge Place Apartments in Iowa City, we’re committed to making your move-in experience simple, clear, and comfortable. With upfront pricing, free storage, and a welcoming community, we’re confident you’ll feel right at home.
Visit our availability page or take a virtual tour today. And if you have any questions, don’t hesitate to reach out—we’re here to help you find your perfect apartment.