Renting a Home: A Simple Guide for First-Time Renters

Renting your first place can feel overwhelming, but it doesn’t have to be. With the right steps, you can go from searching to moving in with confidence. Here’s a clear, easy-to-follow guide to help you along the way.

Step 1: Check Your Credit

Most landlords will want to see your credit history. Even if they don’t, it’s smart to know where you stand.

• Use Credit Karma to view your score and reports before a landlord runs a check.

• Keep in mind: landlords often perform a hard credit inquiry, which can affect your score.
  
  

Step 2: Understand the Costs

Renting comes with some upfront expenses. Make sure you know what you’ll need to pay before signing.

• Deposit: Usually refundable if you leave the place in good condition.

• Monthly Rent: The fixed amount due each month.

• First Month’s Rent + Proration: You pay rent in advance, and if you move in mid-month, you’ll pay a prorated amount.

  • Example: Rent is $700/month. If you move in on Jan 5, you’ll pay $700 + about $583 (prorated) = $1,283 total before moving in.

• Last Month’s Rent: Some landlords require this upfront too. If you move out early in the last month, you may get a prorated refund.

  • Example: Rent is $800/month, you leave Feb 15. You could get $400 back (half the month).

• Utilities: Ask what’s included (water, gas, trash, internet) and what you’ll need to set up yourself.
  
  

Step 3: Find Your Rental

Start searching once you’re prepared:

• Websites like Apartments.com

• Newspaper classifieds

• Facebook Marketplace (be careful—ask lots of questions!)

When touring:

• Check the space carefully.

• Ask about parking—visitor spots are often limited, and towing is common.
  
  

Step 4: Read & Sign the Lease

Don’t rush this part!

• Read every line before signing.

• Ask questions if something doesn’t make sense.

• Once you’re comfortable, sign, pay your fees, and get your keys.
  
  

Step 5: Get Renter’s Insurance

Protect your belongings with renter’s insurance. Policies are very affordable through companies like State Farm, Geico, Allstate, or Progressive.

Step 6: Do a Walk-Through

Before moving in:

• Inspect the property for damage.

• Take photos and write a list of issues.

• Share the list with your landlord and keep a copy.

• Take pictures after repairs are done, so you aren’t blamed later.

Step 7: Move In & Make It Yours

Congrats—you’ve got your new place! 🎉
Check out guides on Making A Home and learn how to organize your move to keep things stress-free.

👉 Want to learn more? Check out these links: 

• Pros and Cons of Renting vs. Buying a Home

• Tips for First-Time Renters