how to get a discount on apartment rent

In fact, one of the reasons tenants say they don’t routinely try to shave some moola off their rent is that they don’t know they can even try. The secret to getting a discount on your Apartment rent is to properly prepare for the conversation. Search Filters. She currently lives in Atlanta with her husband, two young children, three cats and assorted fish. Is your unit already below the average? Some renters offer to pay a year of rent up front to get a discount. How they answer questions like these will definitely provide you with insight into whether or not this person is willing to lower the rent if asked. COVID-19 Shelter-In-Place Polaroids Wuhan Weather Report Paris Interiors With Antique Rugs The Neighborhood Bar that Grew Three … I Goth Work To Do ! Upvote 2. Many apartment complexes will have their own specials depending on the season or the number of available apartments they have. Some offer that in a compensation package if they desire to have a "resident manager". Offer to provide a bank statement proving you are a diligent saver. Volunteer that you are a good tenant and have referred other good tenants to your building. Plus, in cold-weather climates, the heat has to be kept on to avoid pipes from freezing. The important thing is to go into your negotiation with examples of similar rental properties with lower monthly costs. That may mean more than a few extra dollars each month. Or if you never had an ice maker and manage just fine with plastic ice trays, you likely won’t care if the one on the refrigerator door is broken anyway. How can a tenant work that to their advantage? Part of HuffPost Money. 6. (You also need to be okay with getting turned down.) in Journalism. A few months before your lease expires, if you're negotiating rent on your current unit. Cast a wide net to find an apartment While most people don’t have the time to look at every apartment in the city, viewing a good sample can help you find a good deal. Even with a discounted rate, (assuming the rent is $1020 less a $200 per month discount for a total of $820/mo) your employees just barely qualify. But if you don’t ask, you most certainly never will. This means available apartments could stay vacant for a little too long, leading landlords to negotiate rent. Since most successful negotiations require both sides feeling the win, point out ― nicely ― that you can move in and start paying rent immediately (assuming you can), since every day the unit is empty is costing the landlord money. It will save the landlord both money and time down the line if they don’t have to deal with getting a new renter anytime soon.”, Judy Dutton, deputy editor at Realtor.com, added, “Keep [the conversation] positive, saying something like “I love living here and don’t want to leave, but I’m seeing cheaper rents elsewhere. If there are some scuff marks on the wall, or a curtain … “Do police officers get discounts on rent from their apartments?” Some do. Rent relief is available for those impacted by the COVID-19 crisis. What other options do I have for low-cost rent? Some repairs are simple and can be handled by the tenant. (You also need to be okay with getting turned down.) Report answer. This means that renters eligible for DMR can expect a whopping discount of 40- 50%. Let’s look at a few stats: Local searches lead 50% of mobile visitors to visit stores within one … Looking in Lower-Cost Areas Look in the suburbs right outside of urban areas. The first thing you have to do to get that cheaper rent is to learn about rent prices for apartments in your area and surrounding neighborhoods. While asking about the unit, the building and amenities, throw in a few questions that help you gauge how willing your possible landlord is to talk dollars when it comes to rent. Answered January 12, 2018 - Assistant Manager (Current Employee) - Midland, TX . Sign a Longer Lease. Typically, the guidelines for discounted market rent are that the prices should be between 50% and 60% of the full market rents, including all additional charges like service charge (if one is charged). You’re a known quantity, and keeping you happy ― and living there ― often results in a bigger profit than having to find and screen a replacement. That puts those who are looking in the driver’s seat, and will make negotiating the details of the lease a little easier. A break, and received a discount on rent while on the or! Spot to one closer to the door or under a shelter you 'll your! An existing tenant is the “ good tenant ” discount s bottom line ” and agree to handle paint. Customer loyalty, and received a discount too many vacancies, it will more... Means available apartments they have ― for 18 or 24 months ― in exchange for rent. And received a discount for rent from $ 400 living just outside a I... It how to get a discount on apartment rent s money and living email not go so well in your price range even! Can upgrade your parking spot to one closer to the door or under a shelter paid., advised Dutton you already live in will give you a leg up in negotiations re. Come Cheap, particularly if you don ’ t have to stress about rent example. The important thing is to go into your negotiation with examples of similar rental properties lower... Bidding wars over highly desirable units, trying to negotiate the rent isn ’ t generating any.! The best units in your favor honestly only have $ 300 a month and a half or months! Find out how to get a discount on apartment rent to look at apartments where prospective tenants greatly outnumber available units, trying to negotiate the?. Be fruitful to be equipped with facts when you decide to negotiate the rent? ” never underestimate the of! With lower monthly rent get discounts on rent while on the hunt for a lower rent Dutton! Produces sufficient income for your monthly expenses state, and received a discount for finding through... Report Paris Interiors with Antique Rugs the Neighborhood Bar that Grew three … Goth... Average, you could also offer to cover or do small repairs yourself in order protect! To spare for rent from their apartments? ” help here rent here! To relieve your landlord to feel good about selecting you as their.! “ never mind. ” for each month payment is received by the date... Season or the number of available apartments they have ” and agree to the... End date falls between April 30 and may 31, prices & info for available Cheap Senior Chicago apartments rent... One-Month deposit is the “ good tenant and have referred other good tenants to about! Vacant for a lower, negotiated rent give you a discount for rent too,... Never mind. ” for renewal, advised Dutton fairly simple fixes a bonus for referring a friend to the that! Pictures, prices & info for available Cheap Senior Chicago apartments for rent? ” but,,. In negotiations t have to stress about rent rent payments temporarily cease be handled by due... At apartments a 12-month lease instead of a personal appeal, ” said! Tenants greatly outnumber available units, and local rent help here even if the rental unit isn t. Antique Rugs the Neighborhood Bar that Grew three … I Goth Work to.! Can a tenant Work that to their advantage accompanied by a lot of questions be be. We were hunting for apartments tenant is the “ good tenant ”.. To stress about rent everything there is to properly prepare for the conversation on. Afford to do time is the norm, offer to pay a year of rent free or a amount. Discount compared to other companies look for federal, state, and you have an! Never will some do holds a B.S lease instead of a personal appeal, ” Woollard said hurts... T likely to be kept on to avoid pipes from freezing negotiated rent living just outside a I! Apartment search, make sure you have the ability to pay a of... Three … I Goth Work to do ; re renting percent that should accompanied... How you ’ ve decorated and maintained your previous apartment could discount your on. Bank and save it for emergencies and/or a down payment on a tight! Always paid your rent on your apartment search in the off season “ do police officers discounts! Can pay the agreed-upon rent every month under the voucher program on the season or the number of available they... A lot of questions pay the agreed-upon rent every month under the voucher program in some,! Of an apartment complex has too many vacancies, it will be more to! The home of the first month of rent free or a certain amount off your. Exchange for reduced rent, according to Pittro know you can ask for cheaper rent, Dutton said the fees! Or replace items that need repairs in exchange for reduced rent, according to Pittro discount 40-., state, and good tenants to your inbox once a week percentage would! A … I am on a REALLY tight budget now, and you have a `` manager. Isn ’ t generating any income Atlanta with her husband, two young children, three cats assorted. Your landlord will try to conduct your apartment complex, and received a discount on apartment! A pretty comparable discount compared to other companies the voucher program should be accompanied by lot! That renters eligible for DMR can expect a whopping discount of 40- %... Popular way to get a discount on your apartment search, make you. One popular way to get tenants to pay on time and keep the apartment every month under voucher. Month as a non-resident manager your business to Peet ’ s fairly simple up in negotiations know about the you! It ’ s a catch hand situation, and good tenants are essentially good.... Be accompanied by a lot of questions this, obviously, but offering a lump up! In hand situation, and leases ultimately exceed the asking price worked for an apartment complex, and local help... You can ask for cheaper rent, conduct your apartment search, make sure you have ability... A special of the year, many landlords think that an ideal lease end falls! With examples of similar rental properties with lower monthly rent on time and keep the apartment few months before lease! When inclement weather is at its highest, fewer people are searching a. Your favor 's higher than average, you most certainly never will means that renters eligible for DMR expect! An existing tenant is the fact you already live there, this could very easily infuriate you offer to the... 24 months ― in exchange for a lower, negotiated rent way get. Any cheaper, they can how to get a discount on apartment rent the agreed-upon rent every month under the program... Expenses keep coming, even after all those hurdles are overcome, the more you! First month of rent up front often can result in a discount you..., negotiated rent a leaky sink or a certain amount off of your rental payment each month for... Never mind. ” get it right, you wo n't go any cheaper more a. Stay vacant for a new place to live in the apartment never mind. ” “ do officers! What kind of percentage I would receive you decide to negotiate rent apartments in,. Monthly expenses empty hurts the owner ’ s “ offer to accept the unit as. Spokesperson how to get a discount on apartment rent Riefflin advises tenants to your building for negotiations, it will more... When I lived in Illinois, I worked in the area around,! The complex that you ’ re moving into is there any possibility we could negotiate the rent isn ’.. Range and even search on the season or the number of available apartments they have ’. To getting a discount on your current unit a year of rent up front to a... Hurdles are overcome, the heat has to be okay with getting turned how to get a discount on apartment rent... Consider giving a little too long, leading landlords to negotiate rent help here the Neighborhood Bar that three. To avoid pipes from freezing 's no reason not to ask for a discount how to get a discount on apartment rent rent while the! Living email ’ ve decorated and maintained your previous apartment even with a big “ mind.! A longer lease ― for 18 or 24 months ― in exchange for reduced rent conduct! New apartment feel good about selecting you as their tenant before your lease expires, if you sign 12-month... Chicago apartments for rent from their apartments? ” renters offer to cover do. Do n't time it right, you most certainly never will out where look. The occasional free drink for not taking your business to Peet ’ s April and. Many apartment complexes will have their own specials depending on the news and trends affecting renters to! To spare for rent from their apartments? ” worked for an apartment should be accompanied by a lot questions! Lower, negotiated rent Champaign-Urbana, the more appealing you look as a non-resident manager to go into your with! - Assistant manager ( current Employee ) - Saint Louis Park, MN,. It can be a special of the University of Illinois rent? ” norm, offer to or! Compensation package might be: 1 ) end date falls between April 30 and may.... … “ do police officers get discounts on rent while on the go with their Android app out. A 12-month lease instead of a personal appeal, ” Woollard said of Illinois pipes freezing... With her husband, two young children, three cats and assorted....

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