How To Get An Affordable Apartment

Posted on: 22 November 2019

The value of real estate is something that tends to go up or appreciate over time. This is why most landlords tend to raise the rent slightly year over year. If you are currently hunting through the local apartment listings, though, looking for your next place to live, you are obviously going to be interested in finding a nice place for a reasonable monthly rate. To that end, it might be time to think outside the box if you truly want to get an apartment that offers a premium living experience at an affordable price. Here are some tips on how you can make this dream a reality.

Move During Late Fall or Winter

The colder months of the year don't tend to be too popular for making a move or relocation. Because of this, some landlords choose to slightly lower the rent during the coldest months in order to attract more potential tenants. If you are currently on a month-to-month lease or in any situation that allows you to move whenever you want, you may want to consider jumping at the bit sometime after Halloween and before spring arrives.

Move In With Someone

Living on your own can be nice because of the privacy it provides. But an easy way to essentially cut the rent in half is to find a roommate. This could be a close friend, a significant other, or you could roll the dice and advertise for a random roommate. When you have two or more people coming together to pay the rent, you can likely get a nicer apartment than what you would be able to afford on your own. This might be especially smart if this is your first apartment, as it will take some of the strain off of what might be a meager budget during this part of your life.

Seek Out Deals

The real estate market in most cities is increasingly competitive. It's for this reason that many landlords and property owners are sweetening their rental contracts. You might be able to get a security deposit or the entire first month of rent waived if you agree to a long-term contract that will keep you in the apartment for 12 months or longer. This is especially true for new apartment buildings that are looking to make a splash as they enter the market. You might even find a deal where the property owner agrees to no rent hikes for the first several years.

The first step to finding a good apartment is to look through apartment listings near you.