The newer and larger the property, the more likely it is to offer an assortment of incredible move-in specials. The best way to find apartments with move-in specials is to look for rentals in new developments. hash-mark Where Can You Find Apartments With Move In Specials? If you do score a free parking move-in special, you can end up saving thousands of dollars throughout your lease. You'll typically only see this concession offered in new developments that have large parking garages. One of the best move-in specials you can come across, especially if you're in a major city, is free parking. Typically this comes in the form of free cable or internet, but some landlords may even offer to cover other utilities like electric if they really want to get you to sign. Sometimes, you'll even see free utilities as a move-in concession. This can be a significant saving as amenity fees can cost over $100 per month. If you're considering renting a place in a large apartment complex, you will likely come across properties that offer free amenities as a move-in special. While it won't be a huge saving, it can still save you up to a hundred bucks. Waived application fees are another typical move-in concession that landlords offer. While this isn't a move-in special per se, it's another nice perk you can be on the lookout for. Essentially, what you do is pay a monthly insurance fee that covers any damage you may do to the apartment. Recently, some landlords have also started to offer security deposit alternatives. If the move-in special is a low security deposit, it might be as low as $250, but it will more commonly be $500 or $1,000 if it's a more expensive luxury apartment. Typically, this comes in the form of a severely reduced security deposit or even no security deposit. No or Low Security DepositĪnother common move-in special is a security deposit related concession. That means you will be paying significantly more in annual rent if you decide to renew your lease. Something to keep in mind with free rent move-in specials is that they do not typically get renewed. For example, sometimes you might only get $500 off your first month's rent, but if the market is slow, you might even get two or three months free. Typically, this will be in the form of the first or second month free, but some landlords may prefer to prorate it.ĭepending on market conditions, the amount of free rent you can get can vary. One of the best move-in specials you can find is free rent. Here are five of the most common move-in specials: 1. Move-in specials can come in various shapes and sizes, but the general idea behind them to make the proposition of renting the apartment more attractive to prospective tenants. hash-mark Common Types of Move-In Specials If your local rental market has too much available inventory or if you're considering renting an apartment in a new development, you'll likely come across lots of listings with move-in specials. Landlords also use move-in specials if they're having trouble attracting renters, so they'll also be offered when demand for apartments is low. You'll typically find move-in specials on apartments in new developments as they are used to help rent inventory out quickly. hash-mark When Do Apartments Have Move-In Specials? Move-in specials can help make the apartment more affordable by lowering the up-front costs associated with signing a new lease. Typically, a move-in special is offered during the beginning of your lease. Landlords use move-in specials as a tool to attract more renters and get empty apartments rented quickly. The discount is marketed as a move-in special, hence the monicker, move-in special apartments. Other types of move-in promotions can include discounted security deposits and waived application fees. What Is a Move-In Special Offer? When Do Apartments Have Move-In Specials? Common Types of Move-In Specials Where Can You Find Apartments With Move In Specials? Rent Specials Are Temporary Concessions hash-mark What Is a Move-In Special Apartment?Ī move-in special apartment is an apartment that is offered for rent with a discount or promotion, typically in the form of a free month of rent or a waived gym or amenity fee. If you're worried about how much it'll cost to find a new place, you should consider looking for an apartment with a move-in special. You still have to consider application fees, monthly utility bills, moving costs, security deposits, and potential broker fees. Renting an apartment can be an expensive proposition that comes with many costs other than the monthly rent payment.
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