Why You Should Always Bargain When Renting an Apartment
It sounds like an urban legend, wishful thinking, but you can really negotiate a discount on the rent. Some of our readers have succeeded , and this former apartment building manager confirms that it never hurts to ask.
It makes sense that lease negotiations are likely to be more successful if you rent the lease directly from the owner. Large apartment complexes are usually operated by large property management companies, and they often do not give their agents the right to negotiate leases. But that’s not always the case, as Redditorsugarpeasdropem explains :
Until a few months ago, I was managing all kinds of apartment complexes – and I’ll give you a hint: every property, especially large complexes, has a minimum rent they can charge for an apartment. Market rents are typically $ 50-200 more per month. When you travel around the apartment, always tell the rental manager / agent that your budget is a lot LOWER than what they quote you and mention that you looked at a couple more places that are just as good / comfortable / whatever that fits this budget. They will lower the monthly rate. They give out monthly concessions to convince people to move. Do you negotiate $ 100 a month and sign an annual lease? Bam, saved $ 1200.
This definitely falls under the definition of “your mileage may be different.” Your result depends on your location and market. But this suggests that yes, you can negotiate a discount on the rental .
More tips for saving on rent can be found at the link below.
Of L ooking for an apartment? I rented them and I will tell you