Despite a competitive rental market, some apartment communities are attempting to entice new residents to their property with move-in specials and incentives. These discounts — everything from free rent and parking to special amenities or waived fees — can vary greatly.
With low vacancy in the Denver metro, it is true that it’s getting increasingly more difficult to find affordable housing, but move-in specials can make huge impact on the bottom line.
What is frustrating, however, is most of these deals are not listed upfront. You have to call or visit a property to know about them.
Moving with Vita Locators
This is why Vita Locators is such a benefit in a competitive market. We not only know current pricing and apartment deals (which can come and go in hours), we can navigate the waters of hundreds of apartments to get you the best bang for your buck. We also share less-thought-of fees like admin fees, deposits and pet rent upfront so it makes it easy to crunch numbers and compare costs.
You tell your story about your needs and situation one time by creating a profile on our property listing site, and we can help find a rental deal that is the best bang for your buck.
A rental deal scenario
Example: say your budget is $2200 a month. You’ve viewed a number of properties between $1900 and $2200 that just aren’t quite right. What if that dream apartment you dismissed $2500 was offering 1 month free? Prorated, that one month free would mean you’re essentially paying $2292 a month — well within your means considering they are also little cheaper for parking, utilities, etc.
Common move-in specials
Many complexes offer free to renters (usually those who are willing to sign a lease the same day they see a unit). Rental discounts can range from four to eight weeks.
Typically, the free month’s rent is prorated throughout the length of the lease. This can be a bonus if you are trying to budget each month. Less often, properties will give the money upfront.
Waived application fees
As a renter looking for a good deal, any discount is a discount worth considering—but it shouldn’t be the deciding factor. Typically, application fees cost between $50 and $250. If the rent is higher than other similar apartments, skipping this one-time fee doesn’t mean you’re getting a fabulous deal, but it is worth considering.
Verdict: This can be a good deal as long as you’re already getting a good deal on rent. Do some comparison shopping, though, before you sign up.
Discounted rent on flexible leases
A standard lease is 12 months. But did you know that an 11- or 15-month lease could save you a lot of money? This is because properties don’t want vacant apartments so staggering move-out dates helps their bottom line (and yours).
Gift cards or promotions
To help sweeten the pie, gift cards and other deals are becoming more and more common with larger apartment communities. The value of these promotions vary, but they can be nice bonus to cover all the new items you’ll need for your place.
Finding and utilizing a move-in special is a great way to save a lot of money when moving or trying to find the perfect place. Cut through the clutter by registering with Vita Locators to find the best rental deal for you.