You might think that living in luxury apartments is out of the question if you are on a strict budget. However, here at The Legends, we believe you should never have to compromise on style and comfort, especially when it comes to where you live. Because of this, we are proud to offer spacious apartments that exude elegance and luxury at every turn, all for some of the most affordable rates in Hickory. Living in a luxury apartment on a budget has never been easier when you rent from us. Today, our team offers a few tips for living in luxury apartments on a budget. Check them out below!

Luxury Apartment Living on a Budget

Save on Energy When Possible

In a previous post, we reviewed a few simple things you can do to help lower your apartment’s energy bill. Traditional homeowners have the option of upgrading their insulation, replacing windows, and making other changes throughout their home in order to make their property more energy-efficient. Renters might not be able to do all of the things that homeowners can, but they can do simple things like swapping out incandescent light bulbs for CFL and LED bulbs, change out shower heads, and use window coverings to help reduce energy costs.

Buy Multi-Purpose Furniture

Renting your first luxury apartment is an exciting prospect. Some people find it so exciting that they rush out to purchase new furniture so that they can further enhance the beauty of their space once they move in. While shopping for new furniture can be fun, it can also be expensive. To save money on furniture, try picking up dressers, tables, and other primary pieces of furniture at a thrift store and flex your creative muscles. The cost of secondhand furniture and materials combined is likely less than new furniture, and you will have a custom-made piece when all is said and done.

Eat Out Less

When you live by yourself, it can be very tempting to eat out for breakfast, lunch, and dinner, especially if you feel like you aren’t very good in the kitchen or you hate eating leftovers. While convenient, eating out all of the time comes at a premium and it isn’t that great for your health either. Learning how to cook for yourself can be fun and liberating, and it can save you money, to boot. It doesn’t have to be boring or burdensome either — to make it more fun, why not invite some friends over or start a local dinner club to meet new friends?

Rent Near Public Transportation

There is no doubt that having your own car is convenient, but this convenience comes at a price. Car payments, fuel, insurance, taxes, registration fees, and other expenses add up quickly, and before you know it, you find yourself paying out hundreds of dollars a month that you could be saving. Finding an apartment that is close to public transportation is a great way to slash your expenses when you are looking for an apartment on a budget. Thankfully, The Legends is just a short walk from the GreenWay bus route here in Hickory!

Consider a Roommate

Most of us like the idea of living alone. Having your own space to use and decorate as you see fit is one of the rites of adulthood, and some individuals don’t even want to entertain the thought of sharing their space with someone else. However, getting a roommate can be a positive experience for many reasons. First and foremost, it will allow you to save money on rent, utilities, and other expenses because you will have someone to split them with. Additionally, it is an opportunity to build a friendship that could last for years!

Create a Budget

One of the best ways to rent a luxury apartment on a budget is to…well, create a budget! Imagine how disappointing it would be to have the luxury apartment of your dreams and no money to enjoy yourself. Remember that your rent payment, including utilities, fees, and other recurring expenses, should be within 25 to 30 percent of your take-home pay. From there, it will be much easier to determine your priorities in terms of entertainment, transportation, and other expenses.

Rent Farther Away from the University

If you are a student at Lenoir-Rhyne University here in Hickory, you may think that it makes the most sense for you to find an apartment that is as close to campus as possible. While certainly convenient, apartments that are close to the university are often more expensive to rent than those a little farther away. Finding a luxury apartment that is slightly off the beaten path can save you hundreds of dollars a month with minimal inconvenience. Take The Legends, for example. We are not on-campus, but we are only an 11-minute drive away from the university.

Get Renter’s Insurance

Finally, taking the time to research and secure renter’s insurance is a sure-fire way to save money when you live in an apartment. We know what you’re thinking. How can spending money on an insurance policy that you will hopefully never have to use save you money? In the event that you have a fire or flood in your apartment, your renter’s insurance policy can help you replace damaged property, saving you the expense of replacing it with your own hard-earned money.

Dreaming of Living in Luxury Apartments?

If you want to live in a luxury apartment on a budget, The Legends Luxury Apartments in Hickory has you covered. We offer nine-foot vaulted ceilings, granite countertops, oversized patios and balconies, spacious floor plans, and a long laundry list of amenities that you have to see to believe. Our team would love to meet you and speak with you about your specific housing goals, and we are happy to provide you with an on-site tour of our award-winning community. Tight on time? No worries! Check out our virtual tour and photos online today and give us a call with questions. Welcome to the luxury lifestyle!