Finding the perfect place to live can be hard when trying to balance cost with location, safety, and proximity to neighborhood amenities. Yet it’s not all just luck. Recent research from RentHop shows that there is a science to getting your hands on an amazing apartment. Want to get a leg up in your apartment search? Seek out a place during these times when you can get the best apartments for the lowest prices.
Best Month: November
If you’re looking to score a super deal on an apartment, don’t go looking in the summer. According to RentHop’s data, summer prices are the highest of the year and apartments are the most in demand so there is a lot of competition. By November, the rental market has cooled off making it easier to find a place that’s within your budget and meets your needs. While November is the best month for apartment hunting by far, it’s closely followed by February and December.
Best Time of Month: The beginning or the end
Looking for a place at the very beginning or end of the month can help you in different ways, depending on which end of the month you choose. If you begin your search in the early days of a new month, you can call dibs on some of the best places that are just coming up for lease as old tenants move out. If you decide to wait (or are forced to by other circumstances) until the end of the month, you are more likely to score a deal as landlords don’t want to lose out on multiple months’ worth of rent. So, if you want choice, look early, deals, look late.
Best Time of Day: Morning
There is no real hidden magic to searching for apartments in the morning. It’s as simple as the old adage "the early bird gets the worm." If apartments are listed in the morning, those who are first to pounce on them obviously have an edge. If you’re in a highly competitive market, always give Craigslist or other rental sites a look first thing in the morning to make sure you’re not missing out.
While there is an element of luck to finding an amazing place in any city, you can also maximize your chances of scoring a great apartment for less by using these stats to guide your search. And if you have the option, shop for places at the beginning of the month, in November, early in the morning.