Apartments for Cheap

Questions and Answers

Your Questions About Apartments For Rent

June 25, 2013

Linda asks…

What are the best apartments to rent in Toronto if u will work in Sheppard Ave?

What are the best apartments to rent in Toronto if u will work in Sheppard Ave?
Looking for a nice 1 BR apartment near to subway/public transportstaion. I am moving from US and have no clue about the surrounding areas. Thanks for suggestions

Administrator answers:

Sheppard Ave. Runs east/west across the top of the city, and will take about an hour to drive from one end to the other, in typical, daily traffic.

If you mean you will be working in the Sheppard/Yonge area, you’re in luck. You don’t even have to limit your search to that area, since the subway goes right to Yonge/Sheppard, and even the GO bus service runs to Finch, which is just 2 subway stops north of Sheppard (should you want to look north of the city: Thornhill, Markham, Richmond Hill, etc.). (A bit of trivia: Yonge Street is the longest street in the world, covering something like 1,500 miles, in total.)

The subway takes about 35 minutes between Sheppard & Union (downtown) stations, assuming everything is running smoothly. There is also the Sheppard line running east/west…although that’s rather limited, given that it’s such a new line. Look online for the Toronto Transit Commosion (TTC), for route information.

The average price of a 1 bedroom apartment in Toronto is about $1,200/month. It’s possible to find them for less, but location and amenities will suffer, accordingly.

Residentially, the Yonge/Sheppard area is a mix of small, older homes which are slowly being replaced by monster homes (which take-up the whole lot), along with new condominium buildings going up everywhere there’s space.

It’s a bit of an older area of Toronto, and isn’t really central to anything (banking, shopping, restaurants, etc.). There is a more affluent neighbourhood to the east, running along, and adjacent to, Bayview Avenue. One of the wealthiest areas of Toronto is off Bayview, south of Sheppard, closer to Lawrence Av.

That part of North York (one of the many boroughs of the Greater Toronto Area or GTA), the area along Yonge St., north of Sheppard, is primarily Asian and/or middle eastern. You will see many of the shop signs are in Korean or Arabic. (A bit of trivia: 52% of Torontonians were born outside Canada, and 47% consider themselves ‘visible minorities’.)

South of Sheppard, along Yonge Street is…well…nothing. That is the main on and off ramp area for highway 401 (the main highway artery running across southern Ontario and, since it runs across the north of the city, is also one of the busiest “streets” in Toronto). (A bit of trivia: The 401 was once the widest highway in the world, with parts of it 20 lanes across – express and collector.) South on Yonge to York Mills, you come to one of Toronto’s better restaurants (Auberge du Pommier), in where KPMG is located. …About a 5 minute drive from Yonge/Sheppard.

Nearly all of Toronto is within a 15 minute walk of public transportation of some kind. Any residence located on a subway line is, naturally, going to be slightly more expensive than those on bus routes leading to subway stations, for obvious reasons. Parking and traffic is brutal in Toronto. When I lived in that part of town, on many occasions I’d spent nearly an hour in traffic, just getting a few blocks. During morning rush hour (which, in Toronto, is multiple hours), everyone is trying to go south, to downtown, along with traffic trying to get on and off the 401. That might be something to keep in mind, as well. Planning for “reverse rush hour” traffic will do you well.

No area of Toronto is unsafe, really. Notoriously, Jane & Finch has the highest crime rate, along with some unsavoury parts of downtown, and Scarborough (to the east of the city). But, still, despite being the 5th largest city in North America, the murder rate in Toronto is usually no more than about 1 per week, and nearly all of those are either domestic or drug/gang-related.

Over to the west, towards Bathurst, and south to Wilson, is a large Jewish community.

In all likelihood, you’ll be looking at a condo. Rental. Meaning, assuming you want something reasonably modern, you’ll be renting a privately-owned condo. In a building where the apartments are privately-owned. There certainly are all kinds of rental opportunities in that part of town. Vacancy rates in Toronto tend to be pretty low, but you should be able to find something. In that part of Toronto you can find everything from shared or basement apartments, to rental townhouses, highrise and lowrise apartments, condo’s, and homes. It mostly depends on what you want and how much money you have to spend. The average home price for that area will be about half a million, with smaller, older homes bringing down the average, and huge, monster homes raising the average. As I said, in many of the residential neighbourhoods in that area, you’ll find tiny, older, matchbox homes next to giant monster homes, as the area slowly modernizes.

I hope that helps!

Steven asks…

Why do Filipinos charge apartment rent by the day?

Why do Filipinos charge apartment rent by the day? In the West, we charge by the month. I mean, like who would sign a 180 day lease? Or a 360 day lease?

When you charge by the day, you have to be like, “ok, um…. so, monthly, that’s….wait… what is it?”

Filipino culture is SO INCREDIBLY different than any other culture in the world. I just don’t understand it.

So what’s the explanation of this one part of it?

Administrator answers:

Simple Leroy, the employment situation in the PI is so erratic you can be working and financial one day, out of work and broke the next so anyone renting out anything, apartments, cars, jeepneys, stores or whatever demand daily payment as the guy with money today might not have money tomorrow. I have seen many examples of this as family members, even though they work tell me that the waiting list for jobs at their shop or factory is so long that 1 small mark against you gets you fired. You are in fear every day the boss will sack you to give your job to the son of a friend or something like that. Filipino bosses wield untold power over their workers–who work for what you and I spend on a cup of coffee they toil 12 hour shifts at mind bogglingly boring and repetitive piecework jobs. And get this–apparently most jobs are sourced at so called recruitment agencies for 6 month contracts–that you have to pay for!!!!! Its diabolical.I have a 28 year old niece who works 12 hour shifts, 6 days a week for 6000 pesos a month. That’s about 135 dollars.Can you believe it?
But, to get that job she had to pay the agency 3000 pesos and there is NO guarantee the job will last for any set time. The boss can kick you out any time he has a mind to –so–your 3000 pesos is gone too.Happens all the time and that is why everyone renting the cheaper end of the scale pays daily. The landlord or property owner knows all too well, to allow a whole month before getting a payment may see him lose out big time as the tenant got the sack or lost his job 28 days ago and has no money.
Sad as all get out but there it is.

Helen asks…

What rent range should I be looking for as a starting teacher?

This fall I’ll more than likely get a starting teaching position in the range of $30-35,000. I want some opinions on what kind of apartment rent range I should be looking for? I just graduated college and would like a nice place to myself to start out. What would be a comfortable price range based on your experience? Thanks!

Administrator answers:

30% of your gross income. If you have a car payment subtract that from the total.

George asks…

How much a month should I figure on saving to cover rent, electric, and groceries for two?

My b.f and I are looking for apartments we are thinking 515 for apartment rent..including utilities..but don’t know what to budget for electric, and groceries, just the two of us living there.

Administrator answers:

The only utilities included in an apt MIGHT be heat/hot water, water, sewer, trash – mayeb basic cable TV

electric, internet and phone can easily run $100-200/month

food/household items will probably be at least $80-100 per week for 2 people – and that includes nothing for eating out

Ken asks…

How much would rent cost for a 1 room apartment in Melbourne?

Just a 1 room apartment near the city, for you know, Universities. Currently I’m in Perth and I’m thinking of studying over at Melbourne, so what I want to know is how much the average 1 room apartment rent costs per month (or it could be a shared apartment).

And if you’re living alone over in Melbourne, how much money would you usually require monthly for food, transport, etc etc?

It’ll help heaps, thanks.

Administrator answers:

Hi Golf Wang

Depending on which suburb you rent the apartment in, a small one bedroom apartment in Melbourne can cost you between $1200 to $1400 in rent only.
Here are some great suburbs to live if you want to live near the city
- Richmond
- Carlton
- St Kilda
- Hawthorn
- Clifton Hill
- Brunswick
If you want to look for a 1 bedroom apartment to rent by yourself in or around Melbourne city or are great places to start looking.

If you can find a shared apartment, it may cost you between $700 to $1000 in rent only. This is again dependent on how many people you share it with. There are many student accommodation options available in Melbourne CBD and around all the major universities. If you are looking for shared student accommodation, the notice boards in universities are one of the best places to start looking.

Lastly, living in Melbourne not expensive for students.
- Expect to pay around $100 to $150 for public transport in Melbourne every month. That will be your total transport expenditure in Melbourne if you use trams, trains and buses. Cabs are expensive.
- Food (eating out) is not expensive either and you will find many local takeaways that will not hurt your pocket.
- If you were to live on a very tight student budget in Melbourne, expect to spend a $1000 to $1500 a month over and above your rental expenses. Ofcourse, these numbers are subject to your lifestyle. Many students make do in much less while many others spend much more.

Good luck for your studies in Melbourne.


Thomas asks…

How much time ahead should you start looking at an apartment to rent for June 2010?

My fiance and I are getting married in June. We are not sure when should we started looking at an apartment to rent? I know usually you can not rent to far in advance but I know the area that we want to live in does not have a lot of apartments to rent from. Thank you in advance!

Administrator answers:

Nobody will typically hold a unit for you for more than 1 month, so you cannot look too far in advance. If you start looking in April that would give you time to look, get something on hold and ready to move in June 1st.

Lizzie asks…

What percentage of net income should be used on an apartment?

I just graduated from college and recently moved in with my parents. This sucks and i need to move out asap. I have a job paying a decent amount for a 21 yr old and was just curious what % of my income should be used on an apartment rent, utilities expenses, etc? I have no other major expenses besides car insurance and a cell phone bill. Thanks in advance.

Administrator answers:

Housing costs should not exceed more than 1/3 of your monthly income. That means rent and utilities. Just make sure you’re really aware of the cost of things before you move out. Most people forget monthly expenses

Rent (including two months rent to start)
Utilities (may include electric, gas/oil, water, sewer, and garbage)
Rental Insurance
Car insurance
Car maintenance
Credit card bills
Furnishing the apartment
Dishes, cookware, silverware
Health care costs
Internet access
Going out to eat & Other entertainment

Trust me, you’ll have a lot more expenses than you think you will.

Michael asks…

what percentage of my income should i spend on rent?

on average what is a good percentage to spend on apartment rent? i dont want to spend more than i can afford, but i also don’t want to get something thats not as nice as what i could have gotten. so what do you think percentage wise?

Administrator answers:

I highly recommend that you never spend more then 25% of your gross income for housing. This % goes down as your income decreases because no matter what your income you have fixed expenses the eat up a higher percentage of a lower income.

However, this 25% is for owning a home. By owning you are building equity and it’s more of an investment.

With renting, I would highly recommend NO MORE then 20% and you should force yourself to save at least 10% each month. This way you will have something to show when you are finished renting.

This 10% is in ADDITION to at least 10% they you should be saving no matter what you housing status is (rent or own).

Remember, people don’t get rich overnight. The ONLY way to get rich is to spend less then you earn and SAVE!!!!

Lisa asks…

If you work in the leasing office for an apartment can you get a rent free apartment?

I want to know if you work in the leasing office of an apartment complex(Richmond,Va) can you get an apartment rent free? Serious answers only please!!

Administrator answers:

It is usually part of your salary. They do it that way so they can get you out immediately if you are fired, otherwise they have to evict you.

Powered by Yahoo! Answers