Finance

Finding Budget Accommodation in Singapore – A Guide

You might be a student or a postgraduate undergoing work experience in Singapore who is looking for budget accommodation for a specific period of time. If that is the case, fear not, you have come to the right place, as we offer useful information to help you secure budget accommodation for the duration of your stay.

Talk to an established real estate agent

Forget looking privately, as you won’t find anything that is within your budget range; a good agent can find you a nice room for rent $400 a month in Singapore and you won’t find better than that! Start with a Google search to locate a list of established real estate agents that cover Singapore and browse their listings, looking for something in your preferred area.

Deposit

It is customary to pay one month’s deposit upon moving in, with the first month’s rent in advance, although some landlords may require two months as a deposit. This is something to discuss with the real estate agent; if you would rather pay a single month down, this might limit your options. Contracts are typically a minimum of 6 months and maximum of 18 months, although some will stretch to 2 years. Make sure you get a legal expert to look over the rental agreement before you commit.

Rules and regulations

Like any other country, landlords have rules and regulations; some allow pets, some do not; talk to the real estate agent if you have special preferences and they can help to find suitable locations. Of course, you will have an area that you would prefer for work or study and this information helps the agent find what you are looking for. Click here to find out how a real estate agent takes the stress out of leasing.

Furnished/unfurnished

Both are available, although the majority of apartments are furnished to a decent standard; of course, you would have to pay if anything is damaged, which is standard anywhere in the world. If you are careful, you should get your deposit returned at the end of the tenancy.

Choosing a real estate agent

Start with an online search, browse the many websites and view rental apartments; if the agency is established, you should have no issues. Most agents are very responsive to online enquiries and they offer a first-class service; once you find a place you would like to view, they can arrange this for you.

Real estate services are free to the renter, as the property owner pays a small commission to the letting agent; if you have any questions, most agents are happy to share a Zoom call with you, which is free and without obligation.

To conclude, budget accommodation is available in Singapore and the best way to find the ideal apartment is to contact an online real estate agent that specialises in rental apartments and rooms.

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