Why winter is the hottest time to make a move.
When searching for an apartment, timing can make a big difference in finding the right place at the best price. While apartments are available year-round, the time of year you choose to rent can impact factors like rent prices, availability, and even how competitive the market is. So, when is the best time to rent an apartment? The answer might surprise you—winter actually tends to be the sweet spot for scoring a deal. Whether you’re searching for an apartment in Dallas, TX or a rental in Philadelphia, PA, read on to learn why this season offers unique advantages for renters.
1. Demand is often lower during the winter
It’s no secret people love to move in the summer. The weather is usually great, the kids are out of school for families looking to relocate, and there often is less demand on our time for other activities. In fact, about 41 percent of all moves occur during the summer, with just 6% taking place in November and December. With fewer people moving during the winter, there’s less competition for available units. With fewer renters actively searching, landlords are often more motivated to fill vacancies, which can result in better deals and more negotiating power for you.
2. You could find more options for apartment size, style
While you may not be looking for a less expensive apartment, you could still score one during the winter. No landlord wants a vacant apartment, so it’s not uncommon for them to run rent specials during the winter when demand is low. This could range from waiving the security deposit to offering a free month of rent to reducing rent for the entire term of the rental agreement.
3. You could have more time off to move
No one wants to spend their personal or vacation days moving instead of on a much-needed vacation. When moving in the winter, particularly around the holidays, you likely could have extra days off that won’t interfere with your PTO or vacation days. Although moving during the holidays may not be ideal, it could prove beneficial if you don’t have to take extra time off at work.
4. It’s a good time to negotiate favorable rental terms
Because landlords want to rent empty apartments during the winter, the tenant is in a good position to negotiate the rental agreement terms. This could include asking for a shorter-term or longer-term lease, waiving fees such as those for pets, or upgrading the appliances in the unit. If there’s something you want, now is the time to ask. The worst that could happen is the landlord says no.
5. Easier scheduling for movers
Because people don’t move as often during the winter, you may be able to book your movers on your timetable instead of having to wait for one to become available. This is important so you can schedule the movers around your commitments and work schedule and don’t have to use valuable personal or vacation days for moving instead. Also, during this slower season, movers may not be as rushed, so might be less likely to damage your items.
6. You could snag an apartment when fall graduates leave
Looking for an apartment near a college campus could be especially challenging because many, if not most, apartments are already booked from September through May. However, if you are moving to a college town during the winter, particularly in December or January, you could score an apartment when a fall graduate prepares to move out. After all, no landlord wants an apartment to sit empty until the new students arrive in the fall.
There are benefits to renting during the spring
While the spring months may be the hardest time to find an apartment at a relatively low price, it can be easier to find one that fits your specific needs. Because many choose to move during this time, rental inventory is usually higher. If you’re not price-sensitive, it can be easier to find an apartment with the size and amenities you desire.
Final thoughts on the best time to rent an apartment
While winter may not be the most glamorous time to move, the benefits—lower rent, less competition, and more flexibility—make it the best time to rent an apartment. If you’re looking for a deal and willing to brave the cold, winter could be your ideal time to make a move.
