If your rent was a reasonable price would you renew your lease or move? Right now apartment prices have skyrocketed?

[Uptowngirl88]

But fortunately mine hasn't since I've been at this apartment since what " 2017". The rent is cheaper than most places so my rent has gone up but not like it would if I were to move. So im saving a lot of money. Yet I do see some nice luxury apartments I'd like to get my hands on.

I'd renew the lease since it's cheaper because you'll be saving money

I'd move

Updates

+1 y

Plus I have other projects I'm working on at the moment

[t-8900]

So within the next 6-7 years the housing market is going to crash and homes will be dirt cheap. There's also a chance that our currency will change to something else. Move somewhere that is safe and reasonably affordable to rent and do 1 year leases and keep your eyes on the housing market. Pounce once you see a deal you can make a return on but not before. Housing where I am is like 750k-1.2 mil. It's insane right now and these homes are not worth near that much. If I could convince my girlfriend that leave Cali for a northern state for a bigger, better home I would. How opened are you to leaving your state? How much flexibility do you have in your career path?

[LemonsAsks]

Depends on your goals. You trying to save or trying to impress? Locations big too my current apartment is a block away from multiple bars. Its a good time.

[Uptowngirl88]

Goal is to save!

[RebeccaBI2000]

Renewing is cheaper, but if you move it will be insane. I would set yourself up for getting a house. It almost a costs the same. My house payment is cheaper then the rent I was paying now

[Uptowngirl88]

Right so I'll just stick to the apartment until i find a house that I want

[RebeccaBI2000]

It is a sellers market right now. Need things to change back to a sellers market

[RebeccaBI2000]

Buyers market

[Anonymous]

I bought a house because at the time the mortgage payments were less than my rent payments.

[Static_In_The_Attic]

As for me before I bought a house I rented apartments over the years & each as well as every year I would receive a renewal rate quote in the mail & after I did I would walk down to the leasing office & negotiate another rate or should I say lower rate.

As for me I say communication is the key & when it comes to negotiations you have a 50/50 shot this will work out in your favor.

As for you I want you to do what I taught my sister to do & each as well as every year she saves money. As for you I want you to go down to your leasing office & simply & nicely talk to them. Tell them you recently received a renewal lease & you were wondering OUT OF THE KINDNESS OF THIER HEARTS if they could give you a lower rate. Tell them you always pay your rent on time & you are a good tenant & you would really like to continue to live in a wonderful place such as this.

Stay where you are at for the time being because if you move factor in moving expenses & just the hassle of packing up all your things. On the other hand if you find a place closer to work that is cheaper go for that deal.

Trust me & go talk to your leasing office.

[CasuallySamsonite]

Fixed rate with an annual lease? or Variable?
Stay, Save your money and trust that the housing market is due for a crash next year or two... wait until then and BUY, long term renting is terrible in most cases.

[zagor]

My lease is up next month but I haven't got a notice about renewing it yet. I notice the available apartments of my type are now going for about 500 more a month than I'm paying. Not sure what the renewal offer will be.

[GoodGuyBreakingBad]

If the new apartment rate looks good I would get my hands on it but also look for something that has things included

[Redstang88]

My rent is reasonable (for the location). That’s the only reason I’m still here, hate this place

[Uptowngirl88]

Sames here

[mrkdvsn]

We don't have a "lease", we pay a monthly rent. And it's in a retirement community that has lower-than-average rental rates.

[Anonymous]

my last apartment was 1550 then they tried to raise it to 1750 if it got renewed and a month to month would of been 2150 and when i didn't renew or do month to month they jacked up the rent to 1850 to 3100 for the new tenant (2 bedroom)

[Anonymous]

Nice humble brag about the cheap rent! 🤣 There's literally no reason for you to move in that situation though.

[Uptowngirl88]

🤣🤣hahaha yeah , I love that the rent is cheap. Same time I like change. But I save more here

[Opinion Owner]

I mean, I guess it depends what makes you happy. If you know you'd be happier somewhere else, then of course go for it. But at the same time, I try to suggest people to get somewhere they know they can handle, and have extra. If you move to a different place, will it kill your extra savings each month?
I much prefer to live somewhere cheaper, and be able to save up money to go on trips and experience life. You can save up a fortune by living cheap. I call it "establishing my base of operations". lmao.
Live cheaper, save up, then someday you'll magically have a buttload of money that you didn't spend paying that extra rent. But if you're really unhappy where you're at, that's something to consider.

[Uptowngirl88]

I'd be unhappy if my savings went down so I'm staying here lol

[TallAnon]

I could get a better place for less, but moving is such a fucking pain, no thanks.

[douride2]

I would stay in the apartment.