High vacancy rates have landlords lowering prices. Here is where you can find the best deals on affordable apartments in your city.
The driven real estate market in today’s economic climate has made purchasing property a buyer’s playground. In a survey of millennials, it was found that almost two-thirds are renting apartments. The Pew Research Center has released information that in 2016, almost 37% of homes in America were being rented. The market is more accessible than ever.
Decrease in rental prices has dropped remarkably in cities across America. Landlords and proprietors have become desperate for income, creating markets of up to 2 months rent for free.
The power of the internet has made researching available properties accessible to everyone. A simple online search can lead you right to your dream home.
Now that you know all of this, using the tips and tools listed below, and you will be on your way to your new rental apartment in no time.
While you search a variety of platforms for your rental home, it is important to keep these tips in mind.
- Search for properties within a two-hour radius of your place of work
- Keep organized by taking notes on the factors that are important to you, such as square footage, number of bedrooms, or price range.
- Keep track of your favorite listings
- Do not be easily discouraged. New listings appear every day, so keep searching even if there is nothing appealing to you at first.
Now, here are several platforms to help you along with your search.
Craigslist can be notorious for a lack of success among its users, but it can be a great starting point for rental research. A recent poll found that 9 out of 10 people searching for property begin on Craigslist or Zillow.
Craigslist will display properties of all kinds, from large apartment complexes to smaller apartments with individual landlords subletting their properties.
Users are able to list their properties for free, so Craigslist has become a large trade of rental information in the digital age.
Beware, it is common to come across a listing that is no longer available. Limiting your search to listings most recently posted will ensure you find one that is currently available.
Not only does Aparments.com display apartment rentals, but it will also show single-family and townhome properties that are available.
This platform offers users a variety of restrictions and filters you can use to refine your search. You will also be able to see nearby transportation, schools, and neighborhood boundaries.
If you rent your apartment or property directly through Apartments.com, you will be offered special deals and promotions you would otherwise not have access to.
Like Zillow, HotPads offers uses access to housing and apartment listings from cities all over America.
HotPads will let you specify the type of housing you are searching for, for example, military or student housing, cooperate houses, or rooms put up for boarding.
The platform comes along with almost 100,000 reviews of houses, apartments, neighborhoods, and cities everywhere.
Trulia is not a platform for real estate listings but instead gives its users endless information on neighborhoods and towns. You can easily access facts and statistics for schools, business, crime rates and transportation on Trulia.
Finding Apartments at an Affordable Price
Using the websites listed above will help you find an apartment at a great price. There are many cities across the United States that feature apartments for well under $500. These cities with rent prices under $500 are normally small or medium sized cities across the Midwest or South of the United States. Not only do these cities feature affordable property, but they have a number of great local amenities like parks, restaurants and shopping.
If you are the type of person who prefers a large city, there are many large cities like Houston, Cincinnati, Memphis, St. Louis and Buffalo where you canr ent a beautiful apartment for $1,000 or less per month.
Finding a Realtor
Finding a realtor is never a bad idea when you are surfing the real estate market. No one knows a property or area better than a realtor. Even if you are not currently looking to buy a property, most realtors will offer their advice and opinions on any question you could possibly have.
If you cannot find a realtor or real estate agent to consult about properties, a relocation specialist can offer similar services. In addition to showing available listings, a relocation specialist can arrange for movers and shipping or help locate employment or schools in the area.
Searching on Your Own
While the internet allows you to have countless listings and information at your fingertips, taking a ride or walk to see available listings in person can be very beneficial. Visiting neighborhoods and properties in person can tell you much more than any listing online, so be sure to get out there and see it for yourself. Taking all these tips and tricks in account when searching for your dream home will guarantee you find it in no time at all.