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How to Renegotiate a Lower Rent

How to Get a Lower Rent When Renewing Your Lease


An anonymous reader weighed in on a posting in our Savvy Confessions group which asked readers for advice on strategies for renegotiating rent. Here's what the anonymous user had to say:

The challenge here is that generally, rents are rising nationwide. If your landlord is an individual, you might have some luck with "we are taking great care of your house and paying on time or early every month," if both of those things are true.

The best way to do it is find some similar, cheaper, comparable options and present them to your landlord. Tell them you're willing to move (and mean it) if they can't match the price. If you aren't willing to switch, then don't expect much movement. If you can't find any cheaper comparable units, then you really don't have much leverage, so you just have to hope that you get lucky and ask while they're in a good mood!

Do you have more tips for renegotiating rent? Share them in the comments below! Remember, you can ask your own career- and finance-related questions anonymously in the Savvy Confessions group for a chance to be featured on SavvySugar and advised by fellow Savvy readers.

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