How to Save Money on Apartment Rent

Posted by on April-11-2009 under Save Money

Save_Monthly_Rent I am a very strong believer of the fact that we should be very focused on saving money on recurring expenses. Monthly Apartment Rent is probably the biggest recurring expense that we have to do every month. So, it makes sense to reduce it as much as possible.

Here are a few tips that I follow to reduce my monthly expenses on Apartment Rent:

1) Find a cheaper Apartment
This is the most important tip – find an apartment that has a lower rent, to begin with. There are a few things that you can do to get a cheaper apartment:

  • Be flexible on the location. An apartment just a few minutes away from your desired location might be costing much lesser.
  • Keep overhead costs in mind while renting an apartment. Costs like water, trash, electricity quickly add up. (Like this article? Click here to be notified via email when a similar article is published)

2) Try to live with a Roommate
Living with a roommate has many advantages. You get to split the rent in half. Apart from that, other apartment related overheads, like internet, phone, water etc. are also reduced in half. So, this saves you a lot of money.

3) Do not go for an oversized apartment
Do not rent an apartment in which you will always have an additional bedroom, or one extra bathroom vacant. That is like giving rent on space that you do not even use. Keep your needs in mind, and rent an apartment accordingly. Studios rock!

4) Do not pay extra for covered parking
Some apartment companies charge additional for covered parking. Why do you need that? Save that money, and get a car cover instead. Your car would be better covered, and you would even save some money on car wash expenses ;)

5) Look around for a different apartment
If you are already living in an apartment, try looking around for a different apartment. You might find something a lot cheaper than the apartment you are living in currently. The best part is that the new community might be running some special to give you some free weeks on rent, and some discount on rent itself. So, do not fall in love with that rental apartment – move on. And while looking for a new apartment, keep the above mentioned points in mind. (Like this article? Click here to be notified via email when a similar article is published)

I am sure these tips will help you in saving some money on your monthly apartment rent. If you have some other tips, do mention in Comments.

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