Fee Guide Nantucket

Welcome to Nantucket! We prioritize transparency about the fees you may encounter as a resident to help you choose a home that fits your budget. Below, you'll find a clear list of initial and monthly costs that are in addition to the base rent. Our goal is to make your living experience enjoyable and financially manageable. Please review these fees to understand your potential financial commitments fully.

Application Fee $56 per applicant
Security Deposit 1 bedroom $600, 2 bedroom $700
(refundable)
First Month's Rent Base rent amount
(lease holder portion of base rent)
Holding Fee 1 bedroom $600, 2 bedroom $700
(if fee applies it is refundable within 24 hours, after that it is non-refundable)
Pet Deposit $500/per pet
(If pets are allowed, deposit is refundable)***
Utility Billing Fee $15/one-time at move-in
(if applicable, billed by 3rd party)

Base Rent Your rent amount
Water Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Sewer Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Trash Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Hot Water Usage Based on formula; ratio billing and usage
(if applicable, billed by 3rd party)
Electric Based on usage
Paid directly to provider
Gas Based on usage
Paid directly to provider
Internet Not included
Paid directly to provider
Cable Not included
Paid directly to provider
Telephone Not included
Paid directly to provider
Utility Fee $3.00 Billing Fee
(if applicable, billed by 3rd party)
Pet Rent/Fee $75/per pet and/or unit, per unit
(if applicable)
Damage Waiver (in lieu of renter's insurance) $14/Month - in lieu of H04 renter's insurance policy
How to Budget Your Monthly Costs

To calculate your estimated monthly cost, simply:

  1. Add your Base Rent to the required fees listed above.
  2. Choose any Optional Costs that you may wish to add.
  3. The total will be your monthly fixed cost.

Note: Some charges vary and are not a fixed amount.

Enrollment Fee $10 One/time
(if applicable, select communities)
eCheck/ACH $3.59 Per Transaction
Debit Card $6.95 Per Transaction
Credit Card (Visa, Mastercard, Discover) 3.5% Per Transaction
+ Convenience Fee of $2.95 Per Transaction
CashPay / MoneyGram $4.00 Per Transaction
(Up to $6,500)

Late Fees $40
Transfer Fee $1200/One-time Per Occurrence
Attorney Fees Varies Per Occurrence
Lease Cancellation Fee 2 Months rent