If I make 1400 a month AFTER taxes, can I rent an apartment for $700/mo?

Not only is the 1400 per month after taxes a bit short, a landlord will usually want first and last months rent plus a security deposit so you might need to come up with $2100 just to move in. Getting the apartment will often require a credit report, if you don't have good credit or no credit, you might not qualify to get the apartment. You would also have the cost of actually moving across the country. As another person mentioned, getting a job offer from someone across the country doesn't sound like a legitimate offer. Think carefully, maybe get something a bit closer to where you are and save up more money and get an apartment closer to where you have resources....Show more

First of all let me tell you about a job I heard of on tv the other day that was a sham. The guy interviewed everyone for the job, took their SS number and other pertinent information and used it to steal their ID, there never was a job available.

Now if you'd earn $1400 a month then your rent should be no more than 35% of it, about $490 or less (remember that rent increases every year) should go for rent.

going across country is silly. Moving to another state that's close, and for a career position by contract would be more sensible.

you'd have expenses such as rent, elecric, phone, credit cards (appropriate clothing and shoes, comptuter repair), apartment insurance, maybe flood insurance, moving cost, health insurance (requied Obamacare), furniture and necessities, groceries, laundry, lunch,
When you move away I don't think your parents can claim you on their insurance anymore. Do you have a state license for your business online? And who is paying on your taxes for your business now?

$1400 a month is poor, you'd need food stamps....Show more

"3x rent" means you need to make 3 times your rent before taxes. It's not a rule in the sense that it can't be broken, but a landlord would be foolish to go higher in the ratio of rent to income. Personally, I look for income four times pre-tax pay when I rent my condo out.

$700 a month isn't much when you count in food, clothes, entertainment, savings, electric/gas, phone, insurance (health and renter's), gifts, cleaning supplies, toiletries. It's great that you have an emergency fund, but you shouldn't use that for your daily living expenses. Do a more detailed budget before you accept the job and move.

Good luck....Show more

You need to make at least $2100 a month, before taxes, to qualify. This is the stand rule that most landlords follow. Some landlords will even require you to make 4x's.

Between rent, electric, gas, insurance (health/rental/car), food, clothing, phone and basic living needs, you don't come even close to being able to afford a $700 a month apartment....Show more

Depends who you are renting from. Big corporate property management companies will actually ask for 3 most recent pay stubs to see if you can afford to stay there. If they feel you don't make enough they will tell you no.

Basically renters are huge liabilities, and it's really expensive when renters don't pay rent. There's court fees, litigator fees, lawyer fees, is all very expensive and time consuming. So if they can weed out all the people they think might nor make rent in the future, they will...Show more