Today I was looking at apartments. I want to move to the inner city where the night-life scene is very big. Some of the newer complexes I looked at were quite expensive for my budget. I know there is a "don't spend more than 1/3 of your monthly income on rent" rule, but even though some places met the 1/3 rule I felt they were too much. So that begs the question: should I get a place that is relatively new, great location, and 1/3 my monthly income, or should I go with something more modest? The more expensive places included hardwood floors and balconies. Also, security looked better at the more expensive locations.