More in Funds & Goals
What this calculator does
This calculator adds up the one-time and first-month costs of moving into a new rental. It helps you save the right amount before you move.
The math
Total = rent + deposit + first month rent + last month rent + utility setup fees. Deposit = rent × deposit multiplier.
Worked example
A $1,400 apartment with a 1.5× deposit, first and last month rent, and $200 utility fees costs about $5,100 upfront.
Why this matters
Saving and investing work best when the timeline is concrete. This calculator replaces vague goals with a date, a contribution, or a target you can automate.
Methodology and transparency
This page publishes the exact formula used to compute the result, so you can verify it in a spreadsheet or check the assumptions against your own situation. The worked example uses the tool default inputs; change any number and the result updates live in your browser. No data is sent or stored.
Common questions
Do all landlords charge first and last month?
No. Some require only first month and deposit. Check the lease before budgeting.
What other costs should I plan for?
Moving truck, packing supplies, furniture, cleaning, and utility activation or transfer fees.
How much should I have saved before moving?
At least the total from this calculator plus 2–3 months of rent as an emergency cushion.