When searching for the best time to rent an apartment, the least busy times of the year are when prices tend to be considerably lower. The more you can stay away from the high rental season of late spring and early summer, the more money you can save on rent and spend it on nice new things instead.
If you want to find the best deals on apartments, here are some insider tips you should know:
The colder season can offer the biggest breaks on rent
Winter is absolutely the best time of the year to rent an apartment, if you don’t mind braving the chilly weather in search of a good deal. The number of rental applicants seeking to move goes up gradually through spring and peaks in the warmer season – this drives up the rent prices tremendously during this period! With fewer prospective tenants to choose from over the holiday season and the beginning of the year, landlords are likely to be a tad more motivated to negotiate on price during the winter.
Apartments are most affordable in February
If you want to get even more specific, February seems to be the best month to rent an apartment. It sits right at the trough of the yearly rental cycle, which means that landlords who desperately want to fill up their apartments this time of the year are absolutely going to be more willing to compromise on the price they ask. We recommend starting to look at listings at the beginning of January to make the most out of the offers available.
Start looking for rent at the beginning of the month
Another important aspect to consider is the time of month you choose to move. Most listings come online around the start of the month, soon after renters give notice to their landlords that they’re leaving. Although this varies from state to state, tenants usually have a 30-day notice period. A good approach is to start looking at least one month before you plan to move in, just so you can set sail right after the previous tenants vacate.
Now that you know when to shoot to hit the mark, head over to the RENTCafé listings page to get a sneak peak of the best deals in your area.