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Keep an eye out for apartments with move in specials offering six weeks to two months free. If you’ve been waiting for the right time to score a deal while taking a step up in your rental situation, the time to look is now. You could end up with your dream apartment and save lots of money in the process.
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Some renters feel like there’s so much competition, a move in special must be too good to be true. However, when demand for apartments is low, move in specials pop up more often. The coronavirus pandemic or an economic downturn might be lowering demand for apartments, especially luxury communities.
What Time of the Month is Rent the Cheapest?
To comfortably afford a apartment with move in specials in Los Angeles based on average rent prices, a household would need an annual income of $109,000. Rentable.co has 3,067 two-bedroom apartments with move in specials available for rent in Los Angeles. Rentable.co has 5,827 one-bedroom apartments with move in specials available for rent in Los Angeles.
Apartments with Move In Specials in Los Angeles, CA
If you sign a 12-month lease on an apartment that costs $1,500 per month, and you get two months free rent, that’s $3,000 knocked off of your lease. Landlords prefer the security and ease of securing long-term tenants. Signing a longer lease will usually cut down the cost of the monthly rent. On the flip side, month-to-month leases and short-term leases will usually be the most expensive. Move in specials are common when properties are looking to increase demand and attract new renters.
Apartments for Rent with Move In Special in Los Angeles, CA
Move in specials can differ depending on your city, the apartment complexes, and the state of your market. There are several types of specials you may encounter while apartment-hunting. There are scores of renters looking to make a move to a new neighborhood or across the country.
Look-and-Lease Deals
Move in specials usually are offered during the first month of your lease. Case Managers also conduct complete assessments designed to assess participants’ housing and auxiliary service needs and develop a comprehensive service plan to address those identified needs. Rental and move-in assistance is also provided to qualifying participants to cover move-in costs, deposits, and rental and/or utility fees. During a sluggish rental market, landlords are eager to get leases signed as quickly as possible. You may discover discounts on rent or other specials when you tour and lease an apartment on the same day. However, you might see a half-off option or other discounted security deposits.
We work with landlords in the City of Los Angeles to identify appropriate facilities, and help program participants determine whether a housing option meets their needs and preferences. Case managers also assist participants with completing necessary application paperwork. Apartment List offers a number of ways to help you identify the best move in special deals. Our Net Effective Rent feature allows you to search specifically for move in specials and see the true value of them. Your monthly rent costs after deducting rent specials will give you a better understanding of the value of the special.
It's common for apartments to have move in specials during periods of lower demand, like in the winter months. Apartments can offer move in specials throughout the year, but there are times where they're more common to find. The apartment market is seasonal, and properties tend to see higher demand in the summer and lower demand in the winter. Most people sign 12 month leases from June-August, meaning those are the months that leases are most likely to end as well.
Waived Application Fees
Apartments are most in-demand during the summer months from June-August. The weather is generally more amenable to moving, and students are often looking to move outside of the school year. Any move in special that results in a nice rent reduction will come in handy.
SHIELDS’ RRAV program provides services to single adults and veterans in Service Planning Area 6 of Los Angeles County. In March of 2016, SHIELDS launched the Rapid Re-Housing for Adults and Veterans (RRAV) program. Rapid re-housing is an intervention which rapidly connects individuals experiencing homelessness to permanent housing through a tailored package of assistance. This year will likely bring frugal-minded renters looking to pinch pennies after dealing with the fallout from COVID-19. Fortunately, more property managers are offering move in specials, even in amenity-rich luxury complexes.
Movein specials give landlords leverage to attract the best tenants and fill occupancies. The average monthly rent for an apartment with move in specials in Los Angeles is about $2,730. Apartment List also makes it easy to keep track of apartments with a simple tagging system that allows you to select places you "Love" or that you "maybe" interested in revisiting.
While there may be more openings in the summer, keep in mind that this is also the busiest time for apartment hunting as well. However, you can sweeten the deal by finding a move in special that saves you tons of money. From months of free rent to look-and-lease deals, find the best for your situation and start packing for your dream apartment.
The winter months are usually the best time to find deals on rent such as move in specials. People move less frequently in the middle of the school year and when there's a risk of inclement weather. They can add up, especially if you live in a competitive market and want to apply for multiple apartments.
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One-month’s rent is a typical security deposit, but they can even cost up to three-months rent. This can be a massive chunk of your savings, especially in pricey rental markets. SHIELDS’ RRAV Case Managers provide housing identification services to help adults and veterans find appropriate rental housing.
Some apartment complexes will also waive a security deposit in favor of a smaller one-time fee. This is nice, but they’re typically not the best savings you can find. Instead of a one-off $100 discount, you can scour the market for more competitive deals. SHIELDS’ RRAV program provides housing identification services, rental and move-in assistance, case management, and linkage and referral services.
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