I’m thinking of renting an apartment on a monthly basis. What can I expect?

You should expect to pay a premium for the flexibility of paying month-to-month. Plus, you’ll need to give your landlord 30-day notice before you move out – or, on the flipside, your landlord can end your lease with 30-days notice. Also keep in mind that your rent can be increased with 30-days notice as well. Ultimately, you have to decide whether this flexibility is worth the premium you’ll pay, plus the amount of control you may be losing.

By Josh D. Simon