As much as it sounds exciting to move into a new place and give a kickstart to your life, you will not want to take the big plunge without planning your upfront and long-term costs. Among the most indispensable upfront costs, you will have to bear, application fees, security deposits, pet deposits etc. must be given priority. On the other hand, when calculating your long-term costs, do not think rental will be your only concern. Always make plans for your other financial obligations including electricity, gas, internet and cable, cell phone service, groceries and monthly service subscriptions etc before it is too late.