A guide to negotiating your rent

Feb 1, 2023

Do you think that the rent of a property is fixed and cannot be negotiated?

Then I have good news for you! You certainly can negotiate your rent before signing your next lease and it doesn’t have to always be the listed price!

How?

You just have to know the right things to say and show your willingness to cooperate.

By following the tips outlined below, you’ll be able to negotiate your rent and come to an agreement with your landlord that satisfies both sides. Sounds amazing right? Now let’s dive into how you could make that come true.

1. Know the market

First things first….. Do your research

The most important thing to do is to make your own research of the local housing market trends in rent and what the rent range is for a property like the one you’re choosing. This will put you in a good position to not fall for a higher than usual rent rates.

2. Be flexible

After that, make sure to be flexible and willing to compromise in areas such as move-in dates. This will show the landlord that you are an easy tenant to deal with. Also, since you’re willing to compromise in some areas then it will motivate them to compromise as well in terms of reducing the rent.

3. Make a long-term commitment

Landlords almost always look for long-term tenants and if you are one of those tenants then you’ll have a special spot in your landlord’s heart! Why you may ask? Because this shows the landlord that you plan to stay in the property for an extended period of time which of course more rent will be paid.

4. Offer to pay more upfront

Landlords appreciate when you always have something to offer back. So imagine asking your landlord to reduce the rent right after you offer to pay a few months’ worth of rent (On top of the first and last month’s rent) upfront. Yes… you’ll be in a pretty good situation.

5. Be professional and polite

As easy as this sounds, it goes a long way!! Imagine your professional communication and politeness when discussing such a matter, the landlord will not be closed off to what you’re suggesting and then guess what? Your suggestions and demands will seem completely reasonable to your landlord.

After all, negotiating your rent is not hard as long as you’re willing to show your landlord that you know the market and you’re willing to give back if the rent is reduced. And what’s going to be the outcome? A satisfied landlord and a reduced rent price!

Do you think that the rent of a property is fixed and cannot be negotiated?

Then I have good news for you! You certainly can negotiate your rent before signing your next lease and it doesn’t have to always be the listed price!

How?

You just have to know the right things to say and show your willingness to cooperate.

By following the tips outlined below, you’ll be able to negotiate your rent and come to an agreement with your landlord that satisfies both sides. Sounds amazing right? Now let’s dive into how you could make that come true.

1. Know the market

First things first….. Do your research

The most important thing to do is to make your own research of the local housing market trends in rent and what the rent range is for a property like the one you’re choosing. This will put you in a good position to not fall for a higher than usual rent rates.

2. Be flexible

After that, make sure to be flexible and willing to compromise in areas such as move-in dates. This will show the landlord that you are an easy tenant to deal with. Also, since you’re willing to compromise in some areas then it will motivate them to compromise as well in terms of reducing the rent.

3. Make a long-term commitment

Landlords almost always look for long-term tenants and if you are one of those tenants then you’ll have a special spot in your landlord’s heart! Why you may ask? Because this shows the landlord that you plan to stay in the property for an extended period of time which of course more rent will be paid.

4. Offer to pay more upfront

Landlords appreciate when you always have something to offer back. So imagine asking your landlord to reduce the rent right after you offer to pay a few months’ worth of rent (On top of the first and last month’s rent) upfront. Yes… you’ll be in a pretty good situation.

5. Be professional and polite

As easy as this sounds, it goes a long way!! Imagine your professional communication and politeness when discussing such a matter, the landlord will not be closed off to what you’re suggesting and then guess what? Your suggestions and demands will seem completely reasonable to your landlord.

After all, negotiating your rent is not hard as long as you’re willing to show your landlord that you know the market and you’re willing to give back if the rent is reduced. And what’s going to be the outcome? A satisfied landlord and a reduced rent price!