Rental, done well.

Check condition, location safety, landlord responsiveness, lease terms, pest/mold issues, water pressure, heating/cooling function, internet availability, parking, storage, and neighborhood quality. Visit at different times of day when possible.

The traditional guideline is 30% of gross income, though in high-cost markets 35-40% may be necessary. Factor in utilities (usually 10-15% of rent), renter's insurance ($15-30/month), and moving costs when budgeting.

Tenant rights include habitable conditions, privacy (proper notice before landlord entry), return of security deposit (with limits), protection from discrimination, and protection against retaliation. Specific rights vary by state and local laws.

Landlords can raise rent at lease renewal unless you're in a rent-controlled jurisdiction. Most states require 30-60 days written notice. Rent-controlled areas limit annual increases to specific percentages, often tied to inflation.