How much would you need to make to rent a luxury apartment?

Facebook Descent
Apr 14 21 Comments

I make nearly $6k a month after taxes and 401k ($127k base).

Right now I spend $2.5k on a 1 bedroom in Mountain View. The facts that laundry is on site (not in-unit) and that there’s no AC are really inconvenient. I plan to move to a better apartment in the summer.

I’m looking at luxury apartments that are around 3k-3.5k and am wondering how much other people would need to make before they consider spending that much on rent.

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TOP 21 Comments
  • Google go ogle
    It is funny that washer and a/c are considered luxuries in bay area which someone working at FB can’t afford...
    When you have kids no washer is really a deal breaker.
    Apr 140
  • Sina.com / Eng
    WLB

    Sina.comEng

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    2.5k is already a pretty good apartment
    Apr 140
  • Microsoft 8k7hjh
    It depends, how much money do you want to save? Your best bet is to find roommates to get better living conditions at a lower cost.
    Apr 140
  • Roku DRI
    It’s all a matter of preference. I make 350k and spend 1.8k per month on rent and I’m very comfortable. No laundry in unit but I get professionals to do it.
    Apr 144
    • Cisco cf797480
      Do you use Rinse? I was considering trying them.
      Apr 14
    • Roku DRI
      I go and drop it off at a laundromat that does wash and fold. It’s cheaper than the fully managed ones.
      Apr 14
    • Google / EngBergey Sin
      $1.8k on rent? How many roommates do you have?
      Apr 14
    • Roku DRI
      1 roommate. 2b2b in MV. Great apartment.
      Apr 14
  • Compass 905
    You should stay living in a cheaper place and save up to buy a place you like. If you spend more renting now, it will be harder to save.
    Apr 141
    • Facebook new grad 7
      I just posted a poll about this in the housing topic. Drop some knowledge there?
      Apr 17
  • OpenTable Meliodas
    As a general rule, you want to spend no more than 30 percent of your monthly gross income on housing. If you're a renter, that 30 percent includes utilities.

    $3K sounds low. Those apartments may be luxury in name only.
    Apr 140
  • Apple 867530nine
    3-3.5k for luxury apartments isn’t possible in MV. Gonna have to head over to north San Jose. From 237, turn south on Zanker and you’ll see the area I’m talking about. Nice complexes. Not so nice area though.
    Apr 142
    • Apple appl3
      I thought North SJ is a safe area? Or did you imply “nice area” to be one with more things to do
      Apr 15
    • Apple 867530nine
      Not as nice as MV. Schools suck. Lots of trailer parks nearby. Close to smelly sewer water treatment and the Milpitas stench.
      Apr 15
  • Uber IamDara
    2.5 is basically luxury
    Apr 140
  • StubHub itCK58
    Yeah around 3.5k and I had a Tc of 150k last year
    Apr 140
  • I think you just got a bad deal for your $2.5k. if in unit laundry and AC is what luxury means to you, I'm sure you can find that for 2.5-2.8k.
    Apr 141
    • Dropbox systest
      Unfortunately I think it’s normal. OP is renting a 1br and not a studio
      Apr 14
  • New / EngoNSA74
    My suggestion would be don’t overspend since you’re TC already seems low
    Apr 150
  • Facebook
    Nevernude

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    Nevernudemore
    2.5k 1br in MV? Wow. Where's this?
    Apr 140
  • New hqWe60
    fb is only paying 127?
    Apr 150

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