Whether you're relocating with Silicon Valley or finally making the move after much deliberation, finding an apartment in the area can take focus and determination.
In such a competitive rental market, you need to know what you want, what you don't want, and when to pull the trigger.
Are you wondering how to find an apartment in Silicon Valley?
Let's take a look at everything you need to know.
Determine Your Budget
One of the most critical steps in finding an apartment is determining your budget. You can find apartments that run the gamut in terms of rent, but when it comes to Silicon Valley living, you get what you pay for.
The general rule of thumb is that you don't want to pay more on rent than 30% of your income. Within this model, 50% of your income should be spent on bills (including your rent) and essential expenses, 30% can be spent on non-essential expenses, and 20% should be saved or used to pay down debt. Making sure that you're spending an appropriate amount on rent can ensure that you live the most comfortable possible life in Silicon Valley.
It's fairly common for landlords to expect you to be able to prove that your income is at least triple the amount of the annual rent.
Consider the Location
Depending on whether you're single, married, or have children, your desired location in Silicon Valley might vary. With kids, you'll likely be focused on the areas with the best schools. If you don't, you'll likely be more interested in your commute to work and other aspects of the location.
Define Your Desired Amenities
Different apartments are going to offer different amenities, and they often are reflected in the price. Maybe there are certain amenities that you see as essential, and others that you could do without. Understanding what amenities you absolutely want to have will ensure that you find an apartment that is perfect for you.
At Morgan Ranch Apartment Homes, we have a long list of both community and apartment amenities. Your apartment is outfitted with essentials like a private garage, full-size washer and dryer unit, a dishwasher, efficient stainless steel appliances, Nest thermostats, and more. Beyond this, you'll find that our apartment homes have beautiful designer interior finishes, quartz countertops, and a private balcony or patio depending on the unit.
The benefits of living at Morgan Ranch extend beyond just your apartment. You'll find a resort-style pool, a steaming spa, high-speed internet, a 24-hour fitness studio, outdoor grilling stations, an outdoor recreation area, and so much more!
Call and Schedule Tours
Apartment touring has been drastically changed by the COVID-19 pandemic, and many apartments are offering virtual tours. When you find an apartment that interests you, call and ask them to set up a virtual tour or an in-person tour if possible.
When you're trying to learn how to find an apartment in Silicon Valley, one of the most important things is that you need to move fast. If you like an apartment, you should submit all of the necessary paperwork and a deposit as soon as possible. If you aren't quick when it comes to Silicon Valley rents, there's a high likelihood someone else will beat you to it.
It's in the state's law that landlords have to accept the first qualified applicant. This means that even if you really hit it off with the landlord, there's not much they can do if you wait too long to apply.
How to Find a Good Apartment: What You'll Need
Since the Silicon Valley rental world is competitive, it's best to have all of your documents in hand right when you're viewing apartments. This means that if you absolutely fall in love with a place you can hand over your documents right away and lock the place down without worrying someone else will come in and snag it in the meantime.
Here's what you typically need to rent in Silicon Valley:
The landlord or property manager will provide you with the application form. You also might be able to download it from their website or fill out an online application.
Proof of Identification
Bring copies of your passport or driver's license to prove your identity. While some landlords or property managers will have the ability to make copies on the spot, it's best to just bring the copies yourself.
Proof of Employment
You'll typically need a letter of employment from your current employer and copies of your last two paystubs. It's also not a bad idea to bring along bank statements and your resume that corroborate your steady employment.
Letters of Recommendation
If you've been a renter in the past, you can ask former landlords to write letters of recommendation for you. This can help show your new landlord that you have a history of being a great tenant. Even if no one asks you to provide recommendations, it's not a bad idea to submit them.
Some apartments will charge an application fee. On top of this, if you decide you love an apartment, you'll need to put a deposit down.
How to Find an Apartment in Silicon Valley: Call Us Today!
At Morgan Ranch Apartment Homes, we're so sure you're going to love it here that we're offering one month's rent free* (*Restrictions Apply). Situated close to San Jose but in its own, peaceful pocket of the area, this is an inviting and welcoming place to call home. Figuring out how to find an apartment in Silicon Valley can be stressful, but once you find the perfect spot, you'll be so happy to call it home!
Because of the impact of COVID-19, our self-guided tours will be conducted only by appointment. Call us today to make an appointment to view our brand new, stunning community!