There’s no shortage of reasons as to why you may be looking for a new rental apartment. You may be moving to a new city, heading off to college, or moving in with a loved one. Or maybe you’re craving personal space, are unhappy with your current living situation, or looking for somewhere larger. Whatever your reason for moving, it’s important to think about when is the best time to get a good deal on a new rental apartment. You may be in a situation where you need to move right away, or perhaps you’re fortunate enough to have time to search for the ideal space. Regardless of how urgently you need to move, there are definitely best times to do so if you’re looking for a good deal.
Here’s the Best Time of Year for Rental Apartment Deals
If you are looking for a rental apartment in a large metro area, such as Philadelphia, then there are certain times of the year that are better than others. A quick search online and you will see that a lot of people suggest November, December, and January as being the best months for deals on rental apartments. You simply won’t find as many rental deals if you look between late spring and early autumn. This is because a lot of renters choose to move in the summer, the weather is better, schools are out for spring break and summer vacation, and people tend to be in a better mood in general. This means that landlords don’t need to offer any deals on their properties, as there’s already an abundance of interest.
By searching during other times of the year, you have less competition. If you plan to move in January, you are likely to find yourself with a lot of deals on rental apartments. This is because few people want to move after the busy holiday period.
Here’s the Best Time of the Month for Rental Apartment Deals
Sometimes, you need to move and you need to move quickly. This means that you are not always able to choose the best time of the year to relocate, which means you should focus on choosing the best time of the month. There are still a lot of rental apartment deals out there, it’s just a matter of knowing when in the month to look. A lot of people choose to hire a property management company to make this process a lot easier, as real estate agents will know when and where to find the best deals. It’s also a good idea to look for apartments between four and six weeks before you need to move, as this allows you time to research the market and find an apartment.
In terms of the best time of the month to look for a new apartment, try to stick to the beginning of the month. A lot of leases expire at the end, which means the beginning of the month is when there will be more options. You can also do the opposite and look at the very end of the month, in the hope that landlords are running out of time to find tenants and are therefore willing to offer a better deal. However, this does bring with it a lot less apartment choice.
Here’s the Best Time of Day for Rental Apartment Deals
A lot of people don’t realize that there are actually times of day that are better to look for rental apartment deals than others. Depending on the time of day that you look, you could have a better chance of securing a great deal. A lot of real estate agents list their properties in the morning, which means that looking first thing could result in you grabbing a fantastic deal before anyone else has had the chance to. This isn’t easy if you work a standard nine to five job, but taking the time to look for an apartment in the morning can certainly pay off. It will reduce the chances of you missing out on a great apartment, simply because someone else got there first.
If you are not desperate to move right away, plan to move between mid-autumn and mid-winter. If you do need to move urgently, focus on the beginning of the next month. Regardless of when you are moving, look for listings in the morning.