What’s the Best Time of Year to Sign a Lease?

The cost of renting an apartment has increased at a faster rate than the average renters income. Fortunately, rent is based on supply and demand just like every other product and if you find out when demand is lowest, you can get a good deal on an apartment. Some areas, like New York or Chicago, do not see a decrease in demand at any point of the season so it is important that you do some research first. Landlords aren’t normally willing to hand out discounts, they use special formulas to calculate competitive rental rates based on several different factors. If they won’t budge on rental rate, consider other discounts like free parking or pet fees. There isn’t an ideal time to move, but with some careful research and negotiating, you might be able to sneak a deal.

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What’s the Best Time of Year to Sign a Lease?

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