By Brooke Niemeyer | Credit.com
Your rent check is probably one of your biggest (and often most dreaded) expenses. And, depending on where you live, this expense can take up a sizable amount of your paycheck. But it’s an essential, so every month, we write that check.
Related: Fannie Mae takes step that may fuel single-family rental growth
That said, how much your budget can truly afford for rent each month is probably one of the biggest considerations you’ll make if it comes time to relocate. Well, that and if your credit is in a good enough place to even get your application approved for some new digs. (Not sure about that last part? You can take a look at two of your free credit scores, updated every 14 days, on Credit.com and come fully prepared to the meeting with your real estate agent.)
