When is the Best Time to Rent an Apartment

Having an opportunity to plan your apartment rental based on the best time to rent an apartment is a luxury. Usually, renters must rent an apartment whenever their life requires them to secure housing, and it doesn’t matter whether it is a good time or not. But, if you are in the privileged position of choosing when to rent your apartment, then it is important to choose wisely. There are various pros and cons associated with each time of year; some times of year are better to rent an apartment for the best price, while other times of year are the best time of year to rent an apartment based on availability. Of course, the time that is most convenient for your life’s circumstances is always important to keep in mind. 

These are some things to keep in mind when planning the best time to rent an apartment: 

Do you need the best prices?

The winter season is the best time of year for a prospective tenant to save money on a rental. You can usually find the lowest rental prices from October to April, especially right after the holidays in December. Because the weather is poor for moving, people are less likely to want to move during that season. That means that landlords are more likely to offer better rates in order to gain occupancy of their vacant properties at that time. 

Do you want to have more choices?

The summer season offers prospective tenants the most options, but it is also a more competitive time of year to land the property of your choice. Things tend to move faster during the summer when it comes to renting an apartment. Because the months between May and September are when families typically move, when new high school and college graduates tend to move, and when people who work in the education industry tend to move as well, this means that more places come open–and get snapped up more quickly–than during other times of year. However, because you are facing more competition, you may need to act more quickly to secure the rental of your choice. You may also face higher rental rates during this time period. 

What is best for you? 

If you have the opportunity to strategically plan when to rent your apartment, be sure to take the time to carefully predict what the right time will be for your future to either move out or sign a new lease. Knowing what your future needs might be can help you make an informed decision during the present time. Plus, if you know how long you need to live in a certain area, this can be helpful information when you are negotiating the term of your lease. Rather than simply accepting what a landlord offers, a savvy tenant will advocate for themselves to receive the best rates for the appropriate length of time to fit their specific situation. 

If you are trying to find the best apartment for your needs, Apartment Hunters can help. Contact us today to see what we have for you!