How to tell if a rent is reasonable
There are several factors that influence the rent you’ll pay. Some of these might be very important to you, others may not matter at all.
For example, you might be really keen to live somewhere central, with a good atmosphere and lots to do. You know this means paying more rent, but you’re willing to do so. For you, a ‘reasonable rent’ will look different in the kind of busy, central area you want compared to a quiet, out-of-town area.
Rental prices are heavily influenced by location more than anything else, with historic, central areas nearly always more expensive than quiet, residential neighbourhoods. In Amsterdam, properties within the canal belt or close to Amsterdam Centraal station command some of the highest rents in the country.
What’s reasonable? If central rents are too much, look at suburban areas or smaller nearby towns. You could save as much as 20-40% on rent if you live on the outskirts, compared to the city centre.
But make sure you factor in any commuting costs, as these can quickly eat into your savings on rent. You’ll also find that well-connected areas near train stations and high-frequency tram routes aren’t always especially cheap, so you may not save as much as you think. Do the math on rent vs travel before you commit.
- Property size and condition
Naturally, a compact 50 m² studio in central Amsterdam will cost substantially less than a 90 m² one-bedroom apartment in the same area. The property’s condition, decor and energy label will also have an impact.
You might be tempted to take a shabbier-looking two-bed apartment over a pristine, modern one-bed. But bear in mind that this might mean higher energy bills, and potentially a lot of frustration if the landlord doesn’t maintain it well.
Also consider the age and type of building. Modern apartment complexes and historic character properties can both be more expensive than other properties of a similar size.
Furnished apartments are common in expat-heavy markets like Amsterdam and The Hague and are usually 10-20% more expensive than unfurnished. If you are able to furnish your own place, it usually makes sense to do so, given the rental savings.
Also check whether the property you want comes with any utilities included (such as gas, water, electricity, and internet). Usually, you’ll pay separately, but it’s worth looking past the headline rental price, just in case.
You’ll also often pay more for apartments with outside space or on-site facilities like gyms and bike storage. If you don’t need the gym, make sure you’re not accidentally paying extra rent for it.
What if the price seems too reasonable?
Sadly, not all rental listings are legitimate, and one of the most common red flags is a suspiciously low price. If it’s significantly cheaper than similar properties, it might be a scam. Fake ‘landlords’ are known to list non-existent properties, in the hope of getting you to pay a deposit.
Also be cautious of any request for payment by an unusual method, such as cryptocurrency or a foreign bank account. Never pay for a property that you haven’t seen, or give into pressure – however good the property (and its price) might sound.