How to negotiate lower rent with your landlord
Rent affordability is improving in the US, with multi-family rents expected to remain flat and single-family rents projected to rise only 1.1% by the end of the year. Renters can negotiate lower rent with their landlords by considering their tenant history and the broader rental market, and by doing research on comparable apartments in their area.
Rent affordability is improving, with the typical household spending 26.4% of its income on rent. This is the lowest share since August 2021. Renters can negotiate lower rent with their landlords. The best time to negotiate is when the market isn't competitive. Landlords may be more willing to negotiate when there are fewer renters and more apartments available. Renters should research comparable apartments in their area and consider their tenant history. They should also start negotiations a few months before their lease is up.
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