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Step 1
Research the rent payments of similar local apartment or homes in an apartment guide and use lower prices as a bargaining tool to get a rent reduction. If your landlord realizes that you're willing to move out to save $100 a month in a different building, he may be willing to lower your rent to keep you-particularly if there are already several vacant apartments he's still trying to fill.
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Step 2
Agree to change the terms of your rental agreement if you're currently paying month-to-month and are allowed to leave with only thirty days notice. You may get a rent reduction if you agree to sign a lease that guarantees you'll remain in residence for six months to a year. Your landlord may be willing to deal so you'll stay, especially if you consistently pay rent on time.
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Step 3
Demonstrate that you're an ideal tenant so your landlord will be more inclined to work to keep you. Discuss the ways that you've improved the apartment (with his permission) or paid for your own maintenance and repairs in the past. Consider offering to perform odd jobs and maintenance around your apartment and others in exchange for a rent reduction.
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Step 4
Show your landlord proof of financial hardship when you try to get a rent reduction. If you've been laid off or have a slew of medical bills, for example, your case may hold more weight. Some landlords may be leery initially simply because tenants often ask just to see if they can get away with paying less apartment rent.
Comments
writedesign said
on 3/14/2009 I could have used this when I was renting in L.A. Rent is outrageous there. 5*
Lilfix said
on 3/13/2009 Being an apartment manager of affordable housing I wish I could do these things for my residents, but I can't..so just remember that sometimes it is NOT the landlord that has the final word, so don't take it out on the messenger...grin...Great article and I wish everyone who tries this great success! RRCR5*
almommabear said
on 3/13/2009 Great tips that I'm sure many will try in these economic times.