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Ask For Any Specials Or A Discount When Renting An Apartment.

Some of you may remember that a while back I wrote an article titled 10 Tips For First-Time Apartment Renters that outlined 10 things I thought were important for when you go apartment hunting. However, I have a new one to add to the list – to ask for a discount or a special on your new place, especially if it is one of those bigger complexes that have a manager on-site. As I mentioned yesterday, I am packing again for a move out of this house and into an apartment, so trust me on this one – I just asked for, and received, a huge deal on my new home. (More on why I am moving in a later post)

The place I am moving to is a big complex with absolutely beautiful apartments. But with the economy the way it is today, not a lot of people are moving to new homes – they are staying put and waiting it out. So right now, many apartment buildings are looking for new residents and ways to entice them to move to their building – offering things like upgraded appliances, 12 month rent discounts, gym memberships, etc.. When I found my new home, I noticed that they were running 2 different specials at the time:

1. No security deposit on approved credit (No problem there, my credit score hovers around 800)
2. 1/2 month free rent with a 12 month lease

For Rent Sign

Both were really great deals, especially #1, as oftentimes they want a full month’s rent as a security deposit. But with my excellent credit, I wouldn’t have to give them a dime to move in. Score! But #2 intrigued me, as I wondered that if they were willing to give away 1/2 month free rent…would they be willing to give away an entire month’s free rent?

So I asked.

And I received.

The manager agreed to give me my first month’s rent for absolutely nothing if I signed a lease before the end of October – meaning November is free. That is a savings of $1,300 that I can put towards my moving costs. And if I hadn’t asked, I would have only gotten $650 off my rent, so a simple 1 sentence question saved me an additional $650. Throw in the fact that I don’t have to pay a security deposit either, and my total savings on move-in add up to $2,600. That’s no pocket change, and all I had to do was ask.

So next time you move into an apartment, make sure you ask if there are any discounts or specials they can provide.
If they like you, and you have good credit, you just may save yourself a small fortune!

Photo from Shutterstock

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Comments (8)

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  1. Craig says:

    I do not really have any specials I could have asked for. Utilities and parking are included so that was enough for me, but our rent did not get bumped up this year.

  2. Cannen says:

    Holy Crap! $1300/mo for rent? I pay around $600 where I am and live in one of the best complexes in the city. I have a 2bdrm, 1 bath, 940sqft apt, with a free gym membership.

    I couldn’t imagine paying that much for rent. That would be like just shredding $700/mo.

    I hope the reason you are moving to this particular location is a good one. It doesn’t make a whole lot of sense on a money blog otherwise.

  3. Cannen says:

    Oh, and I forgot to mention. I have gas heat at the apartment… and I don’t have to pay for it! My energy bill goes down to about $20-30/mo in the winter time.

  4. David says:

    It depends on where you live. I have never, ever paid less than $975 for anywhere I have lived in the last 12 years. It has nothing to do with a “money blog” – it has to do with A. where you live and B. how much you make and can afford.

  5. Paul says:

    Yeah,
    I hate to open up an endless debate, but I’ve seen some PF sites say that you should be able to survive on less than $100,000 no matter where you live. OK, maybe that’s true, but housing is expensive. The mortgage for my 1400sqft townhouse is more than $2000/month (bought at the peak of the frenzy, but I never said I could time the market), and believe me, that’s a very modest house in my area.

    You really can’t ignore cost-of-living differences when looking at housing.

    That’s a reason why I think the income limits for things like Roth contributions are a bit unfair.

    Paul

  6. David says:

    Paul – I guess hypothetically you should be able to, as that is a ton of money. I paid more than $2000 a month for my apt in CA and I made less than $80K that year, so it can be done. But it is all about location, location, location :)

  7. David says:

    I think this brings up a great point when it comes to just about anything regarding spending money–”It never hurts to ask”. With the state of the economy, these people are probably dying to rent apartments.

    On a side note, did you know that a lot of major retailers will actually bargain on prices of higher end items? I have gotten things like vacuum cleaners and flat screen TVs for less than the price tag, just because I asked.

    It never hurts to ask…

  8. David says:

    Absolutely! And good point about “asking” for discounts – it never hurts!

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