Quantcast
Channel: Real Estate News & Insights | realtor.com® Affordability | Real Estate News & Insights | realtor.com®
Viewing all articles
Browse latest Browse all 243

The Best Time of Year To Rent in Houston, TX: When Renters Can Find Deals

$
0
0

Getty Images

Planning on moving to Houston and hoping for a deal? If so, timing is the key to unlocking the best rental deals. If you search when there are move-in specials and lower rent prices, you have a better chance of finding a home you love for less.

In many cases, renters aim to move when school is out or weather conditions are favorable. But this can often result in higher rental prices due to increased demand.

So when is the right time if you’re trying to save on rent in Houston? Read on for what we discovered through Realtor.com® rental data and more.

When is the best time of year to find move-in specials in Houston?

Camden Downtown Apartments in Houston, TX

Realtor.com

Renting slows down after the summer months and doesn’t pick up again until February, making September through February the best time of year to rent in Houston. That’s when you’ll find the lowest rental rates.

You can also use other windows of opportunity to find move-in specials:

  • During market fluctuations: Economic changes such as job market shifts can compel landlords to offer specials to maintain occupancy rates. Keeping an eye on local news and market trends can help you spot these opportunities.
  • Middle of the month: Whether you’re moving during a summer month or a slower winter month, try to time your move for the middle of the month. With less competition for rentals, landlords might be more inclined to offer a midmonth special.
  • After construction: The influx of new developments in an area can lead to a surplus of rental properties. This can result in more favorable terms for renters.

Types of move-in specials in Houston

A five-bedroom townhouse for rent in Houston

Realtor.com

Here are a few types of move-in specials to look for if you’re on the hunt for an affordable rental in Houston:

  • Reduced rent for the initial months: In this case, the landlord offers a lower rate for the first few months of the lease. This is an attractive option for renters looking to save money upfront so they have room in their budget for new furniture.
  • Waived or reduced security deposit: Some landlords will eliminate or reduce the upfront security deposit. This can be a significant financial relief for a renter with a tight budget.
  • Complimentary amenities: Imagine having free access to gyms, pools, and clubhouses. Some properties offer these perks, which means an enhanced lifestyle with no added monthly expenses. Though this offer might not mean you’ll pay the lowest rental rate possible, it can add value to your living experience.
  • Moving assistance: To ease the logistical and financial stress of moving, some property managers provide free moving services or rental truck vouchers.
  • Gift cards or cash bonuses: Some property owners offer gift cards or cash bonuses when a new renter signs a lease, providing immediate rewards that serve as a warm welcome.

While these offers are enticing, it’s crucial to stay vigilant to avoid rental scams. Verify that you’re dealing with the real landlord or property management company before sharing any personal information or engaging in any kind of transaction. One way to play it safe is to search for Houston rentals on trusted sites only.

Do Houston apartments offer lower rates at different times of the year?

A luxury apartment for rent with views of Houston

Realtor.com

Yes, rental rates in the Houston metropolitan areas fluctuate seasonally depending on local demand, rental comp trends, and the current economy.

For a general idea of rent trends in Houston, we pulled the median rent for 2023.

  • January: $1,398
  • February: $1,416
  • March: $1,435
  • April: $1,438
  • May: $1,428
  • June:$1,417
  • July: $1,432
  • August: $1,406
  • September: $1,402
  • October: $1,374
  • November: $1,371
  • December: $1,396

From February through July, Houston rental rates were at their highest—in 2023, the average rental in April was $1,438. However, rents started declining in October, which could signal an ideal time to search for an affordable rental.

Seasonal fluctuations are not unique to Houston; they’re a trend seen in other major U.S. cities, including New York City, Los Angeles, and Washington, DC.

In New York City, for instance, the difference between rental prices in the summer and winter can be as much as 4.7%, or about $139 a month.

Can Houston rent prices be negotiated?

Apartments at The Milo on Westheimer in Houston are offering rent specials.

Realtor.com

Understanding effective negotiation techniques is crucial, whether you’re new to renting or have years of experience. Here are some tips to help you navigate the negotiation process:

  • Research comparable rentals: Knowledge is power in negotiation. Before approaching a landlord, gather information about the going rates for similar apartments. This data will be a strong foundation for your argument, enabling you to confidently discuss lowering the rent or developing better lease terms. Websites and local listings can provide insights into current market rates.
  • Highlight your qualities as a renter: Make yourself stand out as an ideal renter. If you have a steady income, a good credit score, and a history of being responsible in your past rentals, highlight these points. Landlords value renters who are unlikely to cause issues or default on rent, so knowing you’re a low-risk renter can give you an edge in the negotiations.
  • Request a longer lease term: Stability is often more valuable to a landlord than higher rent since it means less frequent turnover—and lower costs. So, if you can do so, offer to sign a longer lease term.
  • Negotiate at the right time: Your timing can significantly affect your success in negotiating. These discussions during off-peak seasons when demand is typically lower, for instance, can lead to more flexible terms and pricing.

Once you’re ready to begin your search, explore a trusted rental app like Realtor.com. Ranked No. 1 for the most rental options in Houston, it offers the Real View™ filtering options so you can find your top rental. Get started today.

The post The Best Time of Year To Rent in Houston, TX: When Renters Can Find Deals appeared first on Real Estate News & Insights | realtor.com®.


Viewing all articles
Browse latest Browse all 243

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>