So you are ready to call the center of Atlanta home! Awesome! But you need to know What to Expect when Renting In Midtown Atlanta.
First off, most of your rental opportunities in Midtown Atlanta will be of the condominium-type. There are limited single family homes, and those that there are, come pretty big!
When Renting in Midtown Atlanta, you should expect to make a decision quickly in this rental market. If it is priced right, and in a good location, it is going to move fast.
Don’t expect Renting In Midtown Atlanta to be cheap. Remember, you are not renting an apartment. You are renting a condominium that is either the personal home of someone or is owned by an investor. Either way, they have a mortgage, property taxes, insurance and home owners association dues to pay. Most property owners don’t expect to have all of these expenses covered in the rent they charge, but they certainly want to at least cover their mortgage. For a respectable one bedroom condominium, you should expect to pay from $1000 to $1600 per month. (A $1000 should be considered a bargin and unless its in a run down building….JUMP on it!) A two bedroom could range from $1800 to $2500 per month. Rental rates will vary based on what the owner is hoping to cover from the rent, and what they may have initially paid for the home. If they bought at a lower price, they maybe able to rent for a lower amount.
When Renting in Midtown Atlanta, expect to pay a deposit equal to one month’s rent. This is a “standard” amongst condominium rentals, and again it’s not like an apartment complex where the landlord owns the entire building. Again, you are renting from an individual owner who wants to have some “security” in case you skip out on your rent, or cause damage to the condo.
Expect to fill out an application, provide previous rental history, employment history and have a copy of your credit report pulled. Additionally you may need to provide a copy of your driver’s license and paycheck stubs to verify your identity and your income.
Renting in Midtown Atlanta will help you learn the area and what it’s like to live in an urban area as well as a high-rise building.
Looking to rent in Midtown Atlanta? I’d be happy to help you, and completing our Rental Questionnaire is the perfect place to start.
If you are currently renting and have wondered about the possibility of owning a Midtown Atlanta condominium, why not contact me? I can answer any questions you might have about the differences of owning versus Renting In Midtown Atlanta and what to expect.
For More Information on how we can best serve your InTown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.
We specialize in InTown Atlanta Real Estate single family homes and condomiums. If you are planning to Buy InTown Atlanta real estate, let us help you explore all the possibilities available to you and help you find just the right home you will LOVE!
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