It is common when living in the big city to want to live in a luxury apartment in the downtown area. Luxury apartments for rent have more amenities to make you comfortable. These amenities include an on-site gym, on-site parking, laundry facilities, security guards, high quality appliances, premium flooring, premium counter tops and dry cleaning pick up. The list can go on and on.

If you are looking for apartments for rent downtown, then you should understand the fees that come along with luxury living. Read on to find out what three fees you should expect to pay when renting a luxury apartment.

Expect A High Electric Bill

There is the possibility of having a high electric bill. Many luxury apartments come with high ceilings and good lighting. These things make it hard to maintain a consistent temperature. The U.S. Department of Energy estimates that 20 percent of homes built before 1980 had sufficient insulation.

The advantage of a luxury apartment is that they are newly built. Some apartments have upgrades like selective coatings, inert gas between windowpanes and multiple panes. These window features allow the window to let more sunshine in during the winter and filter out the sun in the  summer. Your landlord usually pays for the natural gas bill and you are responsible for the electricity.

Expect To Pay A Pet Fee

If you have a pet, then you should expect to pay a fee. You can expect to pay from $50 to $100 a month. Some property managers also make you pay a deposit.

Get Renter's Insurance

If you are renting a furnished apartment, then your landlord may require renter's insurance. This insurance protects you and your landlord. Renter's insurance can cost you an extra $15 dollars a month depending on the value of the items. However, it is not a bad idea to get insurance. You should get renter's insurance even if your apartment does not come with furniture. It protects against a fire, natural disaster or vandalism.

For some renters, it is all about location. Many young people want to be in the heart of a city. Good location allows you to be near clubs, restaurants, certain jobs, colleges and certain neighborhoods. If you want to live in a certain area, then it helps to factor in all the costs for that type of lifestyle.  When you are ready to start looking, you should contact a real estate agent. For more information, contact companies like St. Louis Luxury.