Financial advisors suggest you spend no more than 25% of your monthly gross income on your rent. For example, if your annual salary is $30,000 per year, or $2,500 per month, you shouldn't plan to spend more than $625 per month on rent.

Here's a checklist of factors, provided by Florida-based Apartment Hunters, that you'll want to consider when checking out a neighborhood. Of course, some things may mean more to you than and others and you may want to consider some factors of your own.

1. Is it close to your place of employment?
2. Is the neighborhood safe?
3. Is it close to a good school system?
4. Is it close to your church?
5. Is it close to stores, banks and the post office?
6. Is it close to public transportation?
7. What are the parking regulations?

Here's a brief run-down of hidden expenses which many renters aren't aware of or that are easily overlooked in the hustle and bustle of moving.

Security deposits: Security deposits range from $100 to a full month's rent; the average deposit is approximately $250. Some apartments require separate deposits for roommates. Credit application fees are generally $10 to $35.

Verifiable income: Verifiable gross monthly income is at least three times the month rent. For example, a rent of $500 would require a minimum of $1,500 gross monthly income.

Credit check: A credit check will be conducted by the apartment community or management company representing the community.

Rental history: Any previous rental history will be verified and mortgage payments may be included as rental history. Additionally, some communities are also conducting criminal background checks.

Leases: All apartments require a written lease. Lease terms are typically 12 months. Most leases are written for 12 months. Shorter lease terms and month-to-month options are often available at premium rates.

Utilities: Your rent will often include sewer, water, trash and pest control. Gas and electricity are almost always paid separately by the tenant.

Pet deposits: Although many apartment complexes allow pets, they require residents to pay dearly for the privilege of setting up house with Fido. Pet deposits are stiff and tenants are charged per pet. Deposits range anywhere from $100 to $300 per pet and either all or a portion is non-refundable. Some charge additional rent for pets - on top of the deposit. Pet size is commonly restricted to 20 pounds and 12 inches in height.

Logo courtesy of Gainlight Studios.