Renting an apartment at the right time can save you hundreds—even thousands—of dollars over the course of your lease. While rental prices fluctuate throughout the year, there are certain months when landlords and property managers are more likely to lower prices, offer incentives, or be open to negotiation.
So, when is the best time to rent an apartment for lower prices? Let’s break it down by season, explore pricing trends, and provide tips to help you secure the best deal on your next lease.
Best Time of Year to Rent for the Lowest Prices
1. Winter (December – February) – Best for Low Prices
If your main goal is saving money, winter is hands-down the best time to rent.
Why Winter is the Cheapest Time to Rent
✔️ Lower Demand – Fewer people move during the winter due to holidays, cold weather, and school schedules, meaning landlords have fewer tenants to choose from.
✔️ More Negotiation Power – Property managers want to fill vacant units quickly, making them more willing to lower rent or offer move-in specials.
✔️ Potential Discounts – Some apartments waive security deposits, application fees, or offer free rent for a month during slow leasing periods.
Downsides of Renting in Winter
⏳ Limited Availability – Fewer units are on the market since fewer people are moving.
Weather Challenges – If you’re moving in a cold climate, dealing with snow, ice, or rain can be a hassle.
Pro Tip: If you’re looking for the absolute lowest rent, search for an apartment in January or February when landlords are most eager to fill vacancies.
2. Summer (May – September) – Best for Selection, Worst for Prices
If finding the perfect apartment is more important than saving money, summer is the best time to rent. However, it’s also the most expensive time.
Why Summer is the Most Expensive Time to Rent
Peak Demand – More people move in the summer, including college students, recent graduates, and families with children.
Higher Rent Prices – With more competition, landlords raise rental rates because they know units will fill quickly.
⚠️ Fewer Negotiation Opportunities – With multiple applicants for each unit, landlords have little incentive to offer discounts.
Benefits of Renting in Summer
More Apartment Options – Since many leases end in the summer, there’s higher turnover, giving you more choices.
☀️ Easier Moving Conditions – No snow, ice, or freezing temperatures to deal with during the move.
Pro Tip: If you must rent in the summer, try searching in late August or early September when demand starts to drop, and landlords become more flexible.
3. Spring (March – April) – A Middle Ground
Spring is a transition period between the slow winter market and the peak summer season.
Why Spring is a Decent Time to Rent
More Inventory Becomes Available – More people start moving as the weather warms up.
Prices Are Lower Than Summer – While not as cheap as winter, rental prices haven’t yet reached their summer peak.
Some Room for Negotiation – While demand is increasing, landlords are still open to offering deals to attract tenants before the summer rush.
Downsides of Renting in Spring
Rental Rates Begin to Rise – As more people search for apartments, prices start creeping up.
Pro Tip: If you’re looking for a balance between price and availability, aim to sign a lease in March or early April before summer demand kicks in.
4. Fall (September – November) – A Hidden Gem for Renters
Fall is often overlooked, but it’s a great time to find deals—especially in late September through November.
Why Fall Can Be a Great Time to Rent
Rental Prices Start Dropping – Demand slows down after the summer rush, causing landlords to lower prices to attract tenants.
More Choices Than Winter – While availability starts declining, there are still good options on the market.
Motivated Landlords – Many property managers offer end-of-year incentives before winter begins.
Downsides of Renting in Fall
Inventory Shrinks by Late November – By the holiday season, the number of available units starts to decrease significantly.
Pro Tip: Search for rentals in October or early November to find discounted rates without sacrificing too many choices.
How to Get the Best Deal No Matter the Season
Regardless of when you’re renting, you can use these strategies to save money on your lease:
1. Negotiate Rent and Fees
Don’t be afraid to negotiate with landlords. If it’s a slower season, you can ask for:
✔️ Lower rent
✔️ Waived application or security deposit fees
✔️ Free parking or other perks
2. Look for Move-In Specials
Many apartments offer seasonal deals like:
One month of free rent
Reduced deposits
Gift cards or cash incentives
Pro Tip: Ask the leasing office if they have upcoming specials before signing a lease.
3. Sign a Longer Lease for Better Rates
Some landlords offer discounted rates for 15- or 18-month leases instead of the standard 12-month lease.
4. Avoid Moving at the Beginning or End of the Month
The first and last week of the month are the busiest moving periods. You might find better deals if you move mid-month.
5. Search for Private Landlords
Apartment complexes often have fixed pricing, but private landlords may be more willing to negotiate rent or lease terms.
Final Thoughts: When Should You Rent?
Best for Lowest Prices: Winter (December – February)
Best for Selection: Summer (May – September)
Best for Balanced Prices & Availability: Spring (March – April) & Fall (September – November)
If you’re looking to save money, renting in winter is your best bet. However, if you need more options, waiting until spring or fall can still provide good deals without the high costs of summer.
By timing your search strategically, negotiating rent, and looking for move-in specials, you can land a great apartment at a lower price—no matter when you move!
Happy apartment hunting!