Finding cheap apartments for rent that fit your needs can be a challenging task. Once you feel comfortable knowing where to look and what questions to ask, spotting a deal will be easier than you think.
If you're able to choose the time of year to move, choose the summer, when deals are frequently offered. You are most likely to find deals at apartments with multiple residents moving out, and turnover of this nature is quite common in the summer. For example, in Los Angeles suburbs you can find "move-in specials" and "first month's rent free" signs around almost every corner. Keep your eyes peeled for the following offers:
- First two months rent-free.
- Appealing cable or perks packages such as parking spots or gym memberships.
Also keep in mind when you're searching cheap apartments for rent that you're welcome to negotiate with the landlord, and don't shy away from asking for a reduced rate on parking. The worst-case scenario is the landlord or building manager says no, so you might as well try your luck.
Knowing where to look for cheap apartments for rent is half the battle. Your chances of finding a great deal are better in smaller towns or suburbs, instead of busy metropolitan areas. For example, if you live in Los Angeles, you will have an easier time finding a great deal in the valley, versus Hollywood, or Beverly Hills. However, deals are everywhere; you just have to know how to spot them.
If you've found the apartment of your dreams, and it's out of your price range, consider finding a roommate. This will cut your rent in half. Also, be aware that cheap housing is easier to obtain with a studio apartment or one bedroom. It is almost always more expensive to live in a two or three bedroom apartment.
Another great way to find cheap apartments for rent is by exploring low income rent apartments. Also known as ‘rent controlled apartments' these units are a viable option when looking for cheap housing. If you qualify for low-income rent, there are apartment buildings that offer reduced rental rates, and are a fantastic way to save money. The reduced rates are made possible by government incentive and assistance programs, and to qualify you are required to prove your income level as well as fall into a certain demographic category such as being elderly or disabled. You must also submit proof that you are a U.S. citizen, or have eligible immigration status.