The Worst Month To Rent An Apartment In The US

The Worst Month To Rent An Apartment In The US

Oaklakeapts.com

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Are you looking to rent an apartment in the US? Discover the best and worst months to secure your dream apartment and some pro tips for a successful search.

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August is often dubbed "The Worst Month to Rent an Apartment in the US." 

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According to the US Bureau of Labor Statistics, the average rent in the US hit its highest point of the year during August, with a 9.2% increase compared to the previous year.

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Your location plays a crucial role. In college towns, the worst months may differ, aligning with the school year when students seek housing.

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June, July, September, and May are also challenging times due to high competition and peak moving seasons. 

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The National Multifamily Housing Council revealed that  June and July saw a 7.8% increase in average rent compared to the previous year.

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The best months to rent are January, February, March, October, and November. 

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According to the same council, the average rent during these off-season months was 5% lower compared to the peak summer months.

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Apartment Hunting Tips: 

Start Early: Begin your search well in advance to increase your chances of finding a great deal. 

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Act Quickly: Be prepared to seize opportunities as good deals disappear fast. 

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Be Flexible: Be willing to compromise on location or amenities to find the perfect place. 

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Direct Negotiation: Try negotiating directly with landlords for potentially better rental terms.

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The "worst" month to rent an apartment varies by location and circumstances, but data from reputable sources shows the significance of timing. 

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With the right strategies, you can secure an excellent deal at any time of the year. Happy apartment hunting!

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We have collected some amazing deals – the best and cheapest apartments in the heart of Chesapeake, Virginia, starting from $780/month. Just swipe up to explore our list and learn more.

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