Asked by: Zhenzhen Narsi
real estate real estate renting and leasing

How do I get a nice apartment for cheap?

Last Updated: 1st January, 2020

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9 Tips to Get Cheaper Rent
  1. Study up on your local market.
  2. Know the best time to rent an apartment.
  3. Scope out their competition.
  4. Ask about deals.
  5. Be ready to pay more upfront in return for cheaper rent.
  6. Be flexible with move-in dates and upgrades.
  7. Have something to offer in return.

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Considering this, how do I get the best price on an apartment?

Below are six tips for getting the best apartment deals.

  1. Know how to work rental websites. To find a great rental, you have to know how to search for one.
  2. Word of mouth can be powerful.
  3. Consider a single-family home.
  4. Look beyond the rental listings.
  5. Assess whether rents are fair.
  6. Go ahead and flaunt your good credit.

what is the cheapest month to rent an apartment? A recent study from apartment listing site RentHop found that renters could potentially save hundreds of dollars a year by timing their apartment search. The data showed that the cheapest months to rent tended to be between December and March, whereas the most expensive fell between May and October.

Similarly, how can I rent an apartment for cheap?

There are several things you can do to find a lower monthly rent:

  1. Look Outside an Urban Area. While living in the city center may seem like a priority, it doesn't mean much if you can't afford the rent.
  2. Consider Transportation Costs.
  3. Get a Roommate.
  4. Check for Subsidies.
  5. Think Small.
  6. Negotiate.

Why is there a price range for apartments?

It's additional rent on top of what you have to pay for yourself. Tenants without pets don't have to pay it, which means the price range for apartments in the same building will vary. The best thing you can do about the difference in price range is negotiate with your landlord for a reduction in rent asked for.

Related Question Answers

Senen Valades

Professional

Can you pay a year's worth of rent up front?

Offering to pay a year's rent up front is often a "red flag" for most experienced landlords. It would be much better if you simply offer a security deposit of twelve months' rent and pay your monthly rent as usual. There is no benefit for a landlord to receive rent in advance unless they need the money for something.

Rodney Donoso

Professional

How do I get my first apartment?

3 Key Steps to Getting Your First Apartment
  1. Budget. The first important step in finding an apartment is figuring out your budget.
  2. Saving. Start saving immediately!
  3. Neighborhood. It is important that your neighborhood fits your lifestyle, so if possible, visit a few potential neighborhoods.
  4. Searching.
  5. Application.
  6. The Lease.
  7. Walk-Through.
  8. Utilities.

Yutong Pisco

Professional

Why are 2 bedroom apartments cheaper than 1 bedroom?

Nationally, a 2-bedroom apartment rents for 30% more, on average, than a 1-bedroom in the same building. That makes sense: Renting a 2-bedroom should be less than renting two 1-bedrooms since the total number of bedrooms stays the same but you merge into one kitchen and maybe even one bathroom.

Lucilene Rothlingshofer

Explainer

How can I get free rent?

8 Legit Ways to Live Rent Free
  1. List a Room With Airbnb.
  2. Get Enough Roommates to Cover Your Mortgage Payment.
  3. House Sit for Others.
  4. Find a Rent-for-Work Situation.
  5. Find Work as a Live-In Nanny or Pet Sitter.
  6. Manage an Apartment Building.
  7. Live with a Relative and Do Chores for Rent.
  8. Move Back in With Your Parents.

Hayde Remie

Explainer

Is living in a luxury apartment worth it?

Most apartment leases are for an extended term, like six months, a year, two years, or even longer. But if you're only planning on living for a short period of time, a luxury apartment could be worth the money. The bottom-line costs will be lower, and you'll be more comfortable during your temporary stay in a city.

Jodee Benedit

Explainer

How do I ask for cheap rent?

Here are some ways you can go about negotiating your rent price:
  1. Ask the landlord if rent price is open to discussion.
  2. Highlight your strengths as a tenant.
  3. Inquire about extending the lease.
  4. Offer to end the lease in the summer.
  5. Research the property's value.
  6. Be open to compromise.
  7. Negotiate in person, follow up in writing.

Llibert Groshev

Pundit

How can I get an apartment with low income?

Public Housing - affordable apartments for low-income families, the elderly and persons with disabilities. To apply, contact a public housing agency. Housing Choice Voucher Program (Section 8) - find your own place and use the voucher to pay for all or part of the rent. To apply, contact a public housing agency.

Sellam Goldero

Pundit

What is the best way to find an apartment?

The Best Websites To Help You Find The Perfect Apartment
  1. Padmapper. Padmapper is great for getting an immediate sense of what's available in your chosen city, and also where those apartments are in relation to each other, to public transit, and possibly to your new office.
  2. Craigslist.
  3. Walkscore.
  4. Rent.com.
  5. Lovely.
  6. Trulia.

Robt Didrich

Pundit

What can you do if you can't afford an apartment?

Can't Afford Rent? Here's How to Bounce Back
  1. Talk to your landlord. Don't hide your inability to pay rent from your landlord.
  2. Seek financial help. Various programs are available to help you cover housing expenses if you're in danger of losing your apartment.
  3. Cut expenses.
  4. Get a second job.
  5. Set up a budget.
  6. Create an emergency fund.

Juris Beattie

Pundit

Why rents are so high?

Hint: rising rents are being caused by a number of factors, including lack of affordable housing and an increased desire among millennials and baby boomers for flexibility. Both of these factors, and more, are contributing to a growing demand for rental properties today. Growing demand = higher rents.

Auba Ougier

Pundit

Where are the cheapest apartments?

This Is How Much it Costs to Rent a One-Bedroom Apartment in 50 Major U.S. Cities
  • Wichita, Kansas: $470.
  • Cleveland, Ohio: $525.
  • Detroit, Michigan: $550.
  • Tucson, Arizona: $559.50.
  • El Paso, Texas: $599.50.
  • Oklahoma City, Oklahoma: $650.
  • St. Louis, Missouri: $700.
  • Albuquerque, New Mexico: $715.

Lorien Jadike

Teacher

Where can I live for cheap?

Here are 10 of the cheapest countries to live and work this year, according to meaningful travelers like YOU.
  1. Vietnam. For those wanting to live and work in an exotic place, but not pay a fortune, Vietnam is any budget travelers dream.
  2. Costa Rica.
  3. Bulgaria.
  4. Mexico.
  5. South Africa.
  6. China.
  7. South Korea.
  8. Thailand.

Shadi Schommertz

Teacher

How can I get help paying my rent?

?Salvation Army: The Salvation Army offers special one-time assistance to help you pay your rent. Catholic Charities: Catholic Charities has emergency assistance grants that can help you to pay your rent. Modest Needs: Modest Needs offers Self Sufficiency Grants of up to $1,000 to cover one emergency expense.

Tijania Liepa

Teacher

How much does it cost to stay in an apartment?

There's a popular rule-of-thumb that states your monthly rent shouldn't be more than one-third of your monthly income, and many apartment complexes—and landlords—follow this rule. For example, if you earn $3,000 a month, you can qualify for an apartment that costs $1,000 a month.

Damasa Galepa

Teacher

When should you start looking for apartments?

The rental market is best when you're looking 1-2 months in advance of your expected move-in date. If you start looking three months in advance, you'll run into the problem of availability. What's available three months in advance of your move-in date will likely be unavailable in two—or even one—month.

Nerea Golfe

Reviewer

What is the best month to look for an apartment?

Individuals renting between the months of January and March typically find the best rental bargains. However, low levels of moving activity and turnover typically mean that it is more difficult to find exactly the type of apartment you would like at this time.

Shay Twupack

Reviewer

What day of the week are apartments cheapest?

Rents Change Depending on the Day of the Week
Just like airplane ticket prices, apartment prices can also fluctuate depending on the day. Research shows that the best rates are typically found on Mondays and Fridays, while the most expensive days to secure an apartment are Tuesdays of Sundays.

Coralia Arnao

Reviewer

How much can I spend on rent?

The general recommendation is to spend about 30% of your gross monthly income (before taxes) on rent. Therefore, if you'll be making $4,000 per month, then your rent should be $4,000 x 0.3, or about $1,200. Another way to calculate this number is to divide your annual income by 40.

Nouara Zeideman

Reviewer

Can you negotiate rent?

When to Negotiate Rent
If you don't time it right, you won't get it right. A few months before your lease expires, if you're negotiating rent on your current unit. When you know you can stay longer. Many landlords are willing to negotiate if they know they won't have to look for another tenant in the next 12 months.