When you rent instead of own the place where you live, you are freed from many of the responsibilities that a homeowner faces. Generally, if something is broken or not working properly, you can call the landlord to repair it.

Often, the landlord also takes care of the outside maintenance, such as painting and mowing the grass. Freedom from these chores leaves more time for other activities.

In general, no more than 30 percent of your monthly take-home pay should go toward paying your rent. Of course, this may not be possible if you live in an area with high housing costs.

Whether you're a new renter or you've been renting for years, read on for some tips on how to get the most value for your rent dollar.

The Rental Housing Costs Worksheet can help you determine how much rent you can ideally afford.

If you’re worried about losing your housing, read Is Your Housing At Risk Now? to get some ideas on how to overcome this crisis.

Your Housing Options: Tips for Renters

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