{"id":3903,"date":"2010-02-08T00:02:15","date_gmt":"2010-02-08T05:02:15","guid":{"rendered":"http:\/\/renthop.com\/news\/?p=428"},"modified":"2023-07-24T14:23:13","modified_gmt":"2023-07-24T18:23:13","slug":"how-low-can-you-go","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/how-low-can-you-go\/","title":{"rendered":"How low can you go?"},"content":{"rendered":"
You’ve scoured the city for the perfect apartment<\/a>, and now you’ve found that gem. Now what? Is the listing price the last word? How low can you go to get the dream apartment at a dream price?<\/p>\n We wrote a short piece last April (How to Negotiate a Lower Apartment Rent<\/a>) about rent negotiations.\u00a0In general, haggling down the listing price will depend on the landlord or leasing officer. Provided that you are a qualified tenant (40x rent, good credit score<\/a>, and no history of delinquencies), you usually have some amount of flexibility in negotiations. But how much can you go?<\/p>\n We’ve found that landlords have about a month of flexibility (they’re willing to give up to<\/strong> one month additional free off the rent – though you might not get anything). Of course, this depends a lot on the landlord. Smaller landlords are generally more flexible than large corporations or luxury high-rises. A building’s vacancy rate and the apartment’s time-on-market is also important. The management office is much more likely to negotiate on an apartment sitting on the market for a few weeks than one that just hit the market. Finally, if the price of the apartment just dropped, there might be less flexibility in getting a lower price. RentHop tracks the price changes and posting dates for apartments, so use that as a guide.<\/p>\nNegotiate a Lower Rent<\/h2>\n
Landlords May Offer Concessions<\/h2>\n