Header bg
  • section background

    Tips for First Time Renters

    Hero bg 2
    first time apartment renter canada

    Renting your first apartment can be exciting and overwhelming. Check out our guide for some tips on how to approach your first rental experience.

    Are you moving out for the first time and looking to rent your own place? Renting can be an exciting and liberating experience, but it can also be overwhelming and confusing for first-time renters. In this article, we’ll be taking a look at some tips to help you navigate the process and find the perfect rental.

    Related Read: Tips for Moving for the First Time

    Get a quote in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Get a free quote

    4.7 rating

    Google Logo

    1. Determine Your Budget

    Before you start your search, you need to have a clear understanding of how much you can afford to spend on rent each month. Consider your income, expenses, and any other financial obligations you may have, such as student loans or car payments. Once you’ve determined your budget, you can start looking for rentals that fit within your price range. Keep in mind that you may also need to pay for utilities, internet, and other expenses, so factor these into your budget as well. By determining your budget upfront, you can avoid wasting time and energy looking at rentals that are out of your price range and focus on finding a rental that fits your needs and budget.

    2. Research Neighbourhoods

    For first time apartment renters, researching neighbourhoods is an essential step. It’s important to find a neighbourhood that meets your needs and preferences. Before you start your search, determine your priorities, such as safety, proximity to work or school, and access to amenities. Use online resources to research crime statistics, walkability scores, and school ratings. This can help you narrow down your list of potential neighbourhoods. It’s also important to visit each neighbourhood in person to get a sense of the community’s vibe and culture.

    Get comprehensive tenant insurance for what matters

    Get no-nonsense coverage that's the best value for your money. Purchase in less than a minute, receive your policy instantly, and save when you buy online.

    3. Start Your Search Early

    Starting your search early is crucial when you’re renting for the first time. It’s important to give yourself enough time to research neighbourhoods, find a rental that fits your needs and budget, and complete the application process. Starting your search early also gives you time to make any necessary adjustments to your budget or priorities. Keep in mind that rental properties can go quickly, especially in popular neighbourhoods or during peak rental seasons. By starting your search early, you can avoid feeling rushed or pressured to make a decision. This can help you find a rental that meets your needs, fits your budget, and ensures a positive living experience.

    Related Read: Pros and Cons of Hiring a Real Estate Agent for Rentals

    4. Check Your Credit Score

    Most landlords require a credit check as part of the rental application process, and a high credit score can increase your chances of being approved for a rental. Before you start your search, check your credit score and address any issues that may affect your score. This can include paying off outstanding debts, disputing errors on your credit report, or building your credit by making timely payments. It’s also important to avoid applying for new credit or making large purchases before submitting your rental application. By checking your credit score and taking steps to improve it, you can increase your chances of being approved for a rental and ensure a smooth rental application process.

    Related Read: How to Improve Your Credit Score in Canada

    Get a quote in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    5. Read the Lease Carefully

    Before signing a rental agreement, make sure you understand all the terms and conditions outlined in the lease. This includes the rent amount, due date, and payment method, as well as any additional fees, such as utilities or parking. These terms and conditions may be desirable, so are worth looking into. For example, if the landlord has implemented parking systems by All Security Equipment for residents to use, it’s a perk that renters with vehicles will want to take advantage of. It’s also important to review the lease for any restrictions or rules, such as noise levels or pet policies. If you have any questions or concerns about the lease, ask your landlord or property manager for clarification. Once you sign the lease, you are legally bound by its terms and conditions, so it’s important to read it carefully and ensure you are comfortable with all aspects of the agreement before signing.

    Related Read: Questions You Should Ask Before Signing a Lease Agreement

    6. Take Photos and Document Any Damage

    Before moving in, take photos of the entire rental property, including any existing damage, such as scratches on the walls or stains on the carpet. This can help protect you from being held responsible for pre-existing damage when you move out. It’s also a good idea to document any damage in writing and bring it to the attention of your landlord or property manager. This can ensure that any necessary repairs are made before you move in and prevent any disputes about damage that occurred before or after your tenancy.

    Related Read: The Ultimate Apartment Moving Checklist

    Get comprehensive tenant insurance for what matters

    Get no-nonsense coverage that's the best value for your money. Purchase in less than a minute, receive your policy instantly, and save when you buy online.

    7. Get Tenant Insurance

    While your landlord’s insurance policy may cover damage to the physical structure of the rental property, it doesn’t cover your personal belongings. Tenant insurance can protect your personal property in case of theft, fire, or other unforeseen events. It can also provide liability coverage in case someone is injured while visiting your rental property. When shopping for tenant insurance, make sure to compare policies and coverage options to find the best fit for your needs and budget.

    Related Read: Tenant Insurance vs. Landlord Insurance: Understanding the Differences

    APOLLO offers effortless tenant insurance, allowing you to customize your policy to fit your unique needs. Get a free quote in less than a minute and we’ll send your documents right to your inbox.

    Looking to learn more about tenant insurance? Read our article Can I Customize My Tenant Insurance Policy? to find out more.

    Get a quote in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Originally published May 11, 2023, updated January 10, 2024

    Back to APOLLO Magazine
    Share this article

    Get a quote in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Get a quote in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Relevant articles

    section background
    section background

    Getting insured is as easy as 1 - 2 - 3

    Tell us (very little) about yourself
    1

    Tell us (very little) about yourself

    Just tell us your address, your name, email and phone number. And that's it. We'll give you a price in less than a minute.

    Pay online easily and securely
    2

    Pay online easily and securely

    You can choose to pay monthly or save money by paying for the entire year in one easy payment.

    Get your documents in your inbox - instantly
    3

    Get your documents in your inbox - instantly

    As soon as you complete your purchase, you'll find your proof of insurance and policy documents waiting for you in your inbox.

    Get covered today - it couldn’t be easier

    We’ve provided more than 1,000,000 quotes to Canadians just like you. Give it a try!

    Google Logo

    Reviews

    4.7 rating

    2,235 reviews

    view all

    Across Canada

    Contact Us
    Apollo logo

    © 2024 APOLLO Insurance Solutions Ltd.

    111 Water Street, Unit 210, Vancouver, British Columbia, V6B 1A7

    APOLLO Insurance Agency Ltd. (o/a APOLLO Brokerage in the province of Ontario only) is a licensed retail brokerage, offering our clients with a comprehensive set of insurance solutions to meet their individual needs. APOLLO Insurance Agency Ltd. maintains necessary corporate licensing in provinces across Canada. Availability of products and service depends on licensing and product availability. The information that appears on this page is provided for information purposes only. Advertised products and prices are not guaranteed and vary based on insurance provider and/or insurance company's discretion and product availability.

    Transparency and Disclosure: APOLLO Insurance Agency's role is to provide you with exceptional service and the best insurance products that suit your needs. As a licensed retail brokerage, our compensation is based on a commission basis already built into your insurance premium and varies based on the product purchased through our platform. For a description of how APOLLO Insurance Agency is compensated and how this is calculated, please refer to our Compensation Disclosure document. For consumers in Ontario, please review the RIBO Conduct Fact Sheet and the RIBO Conduct Guidance document.