9 Great Ways to Save Money on Rent

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Renting is a way of life for many, and it can be a great one! You are not tied down if you need to move. You may have a lease to contend with, but there is no house that has to be sold before you go. Many rental communities offer amenities such as gyms, tennis courts, and swimming pools. If something breaks, it is someone else’s problem. Perhaps the best thing to be said about renting is that you can save money on rent fairly easily if need be. The same is not true of a mortgage payment! If you find yourself in a tight spot or just want to be more moneywise, and want to save some dough on that monthly rent payment, try these tips. Not all of them will work in every situation, but there is something here for everyone.

1) Negotiate

This has to happen on the front end, of course, but it is definitely worth a shot. You will never know if you do not ask. Sometimes a vacancy needs to be filled, and it is better to fill it with a responsible renter than one that is not so stellar, or not at all. Of course you have more leverage for negotiations if you can provide some proof that you a responsible renter. The most effective way to do this is through letters of reference from previous landlords and a stellar credit score. Some landlords are also willing to reduce the rent in exchange for signing a longer lease. If neither of these options work, consider asking for the inclusion of utilities or parking in the monthly rental fee. You may still come up empty handed, but there is a good chance you will save at least a little.

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