Can You Afford an Apartment with a Part-Time Job

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If you’ve looked at rentals recently you know just how expensive they can be. In fact, in some areas, it can be tough to rent a place on your own with a full-time job, so can you afford an apartment with a part-time job? The truth is, it will be very difficult and maybe impossible.

Can You Afford an Apartment with a Part-Time Job

For the most part, no you can’t. Even with a full-time job paying minimum wage you can have a really difficult time finding a one-bedroom apartment that you can afford.

So, if you aren’t working full-time it will be super hard to find a place you can afford.

That’s the bad news.

The good news is there are a few things you can do that might work.

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1. Subsidized Housing

Check around where you live for subsidized housing options. 

Or you can check out the program here at the U.S. Department of Housing and Urban Development

This is a government program that pays part of your rent.

They use fair-market rent to determine what you should be paying and how much they will pay.

There are apartment complexes set up to accommodate this type of housing.

With this program, you won’t have to pay more than one-third of your monthly income.

2. Look for a Studio Apartment

If you’re only working part-time then forget even the modest one-bedroom apartment and look for a studio.

It’s less space, but it should be more than you really need.

It will also cost hundreds of dollars less than a larger space.

Although keep in mind, even this might be out of your reach.

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3. Rent a Room

While even a studio apartment might be out of your budget, you might be able to afford to rent a room instead

Depending on your location, renting a room can be an affordable option.

Chances are you will have your own bathroom and access to the kitchen.

You’ll have to work those details out with your landlord, but this might be an option for you.

4. Find a Source of Extra Income

If you can’t work any additional hours per week, or you’re not in a situation where you can become a full-time worker, then think about ways you can make extra income each month.

This can be as easy as selling items on eBay or Amazon.

You can spend just a few hours per week on this extra income and bring in a few extra hundred dollars a month.

This extra source of income might give you enough money to be able to pay for an apartment.

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5. Find a Better Job

I know it can be difficult to find a good job depending on the economy, but even if you can’t find a full-time job, if you are making the federal minimum wage, $7.25 dollars per hour, do what you can to find something that pays more.

Even if you can get your hourly wage to $10 dollars, you will be in a much better financial situation when you start your apartment search.

Because, as I mentioned above, even full-time minimum wage workers have a hard time paying for rent.

6. Get a Couple of Roommates

While you might not enjoy living with someone else, a couple of roommates can help with your monthly payments.

This will cut down on both your rent and your utility costs.

Don’t expect to get a three-bedroom or even a two-bedroom apartment.

Stick with a one-bedroom and share bunk style.

This may not be your favorite option but it will help reduce your monthly rent.

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7. Consider Alternative Housing

In the end, you may decide you simply cannot afford an apartment.

If so, don’t lose heart. 

There are many alternative housing options out there for you.

From house-sitting to trading work for rent and even camping, you should be able to find something that fits your needs and lifestyle.

You might also enjoy:

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To Sum it All Up:

If you’re working a part-time job, you will find it very difficult to locate an apartment that you can afford. However, there are other options that might work for you. From starting a side gig to getting a couple of roommates or even just renting a room, with a little work, you should be able to discover an option that fits your needs.

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