4 easy steps to negotiate down your rent and potentially save thousands of dollars a year via CNBCMakeIt
If you're renting, housing is likely your biggest monthly expense. The average rent for one-bedroom apartments across the country is around $950 a month, and in the country's biggest cities it can be significantly higher than that.
And now may be the best time to have that conversation. The national rent index fell slightly month-over-month for the second month in a row, ApartmentList found in its March report. But keep in mind successful negotiations depend on a variety of factors and not everyone will be in the best position to negotiate, Sethi says. For example, ApartmentList found that Las Vegas and Phoenix are experiencing rapid rent price increases. So residents in these metros are probably less likely to get a break.
"Do you want to stay and basically eat it or do you want to move out?" Sethi says. By starting the negotiations before your lease is up, you'll be able to give yourself some time to sort out the best option for you.
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