How to Decrease Your Rent
Writing that rent check every month can put a squeeze on your budget. If you're renting a house or apartment in a down real estate market, you may have some leverage with your landlord to negotiate reduced rent or discounts. If you do your homework, there may be other creative ways to bring down your monthly overhead.
Instructions
- 1
Ask your landlord for a break. Remind your landlord how timely you make your payments. If you keep the rental in stellar condition or help make small repairs here and there, bring that up as a point of consideration. Bring up the point that you're a good tenant, and see if the landlord is receptive to negotiation.
2Take in a roommate or sub-tenant. Ask your landlord if the new roommate must be put on the lease and be subject to the same credit and reference checks as when you applied for the rental, or ask if he can pay you directly. Ensure that you have your landlord's approval, either way. A roommate or sub-tenant is a quick and easy way to lower your rent, sometimes by half.
3Ask the landlord if you can get a price break by signing a longer lease. This may be a good incentive for the landlord whose rental unit may otherwise sit vacant in a sluggish economy. Signing a longer lease can alleviate a landlord's concern, especially if he needs to generate cash.
4Ask if you can get a portion knocked off the rent by maintaining the yard if the home has one. If the landlord pays a gardening service, he might be happy to have you take this over so he can avoid the yard maintenance expenditure.
5Ask the landlord if you can negotiate utilities into the rent to reduce your costs. Ask if she is willing to minimize security or pet deposits. Any of these can reduce your rent enough to help make it more affordable for your budget.
6Arm yourself with the market rate for cheaper or comparable rentals in the area. Tell the landlord that you will move, when your lease permits, to a cheaper apartment or home. Be prepared to show the landlord what other rentals are going for. Negotiate one last time. If the landlord realizes you're serious, that may be just the push he needs to keep a good tenant in his rental. If your landlord won't budge on the cost of your rent, keep in mind that if you move, the landlord will have to pay to market the unit, make upgrades and cover cleaning fees, on top of the lost rent money until the unit is occupied again.
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