How Can I Save Money on Rent?

To save money on rent, you have to negotiate lease terms, explore alternative housing options, and get strategic with timing and location. It might sound simple, but in a market where prices keep climbing, the real challenge is finding savings that actually stick.

It’s completely possible as long as you have a method. Whether you’re looking for a roommate, ready to switch neighborhoods, or just overdue for a budget reset, there are smart, real-world ways to cut costs. In this guide, we’re breaking down 14 low-cost renting tips that actually work, plus bonus tools, common mistakes to avoid, and more.

What’s the Best Way to Save on Rent?

Why Is Rent So Expensive?

Rent prices surge when demand outpaces supply. This is a trend that’s been years in the making. Since the 2008 housing crash, the U.S. has underbuilt both single- and multi-family housing. According to the National Multifamily Housing Council, the country needs to add 4.3 million more apartments by 2035 just to catch up.

Building restrictions, zoning rules, and rising construction costs make it harder to bridge this gap.

High mortgage rates, hovering around 7% as of June 2025, are keeping would-be homeowners in the rental market, further stretching limited inventory.

In 2023, rental costs (rent plus utilities) increased at the fastest pace since 2011, and although growth slowed in 2024, rents didn’t drop. As of June 2025, the U.S. median rent is $1,398 per month, still significantly above pre-pandemic levels.

Layer in zoning regulations that favor single-family homes and restrict denser developments, and it’s easy to see why prices stay high.

What Are Some Ways That Someone Can Save Money on Their Rent?

1. Negotiate Before You Sign the Lease

Yes, you can negotiate rent,. Before you sign, ask if the landlord can lower the monthly rent, waive application or parking fees, or throw in a free month. You’ve got more leverage than you think, especially if:

• The unit’s been sitting empty for more than 30 days
• You’re willing to sign a longer lease (e.g. 15–18 months)
• You’ve got excellent credit, strong references, or a clean rental history
• You’re moving during the off-season (October through February)

The worst they can say is no. The best? You lock in real savings before your first rent check’s even due.

2. Offer to Pay More Upfront

Cash talks, especially when a landlord’s trying to fill a unit fast. Offering to pay two or three months of rent in advance (or putting down a larger security deposit) can sometimes unlock a lower monthly rate. It signals you're serious, financially stable, and low-risk, all things a landlord loves to see.

Just make sure the math works in your favor. A small upfront stretch could mean significant savings over the course of your lease, a helpful strategy if you're figuring out how to get cheaper rent.

3. Sign a Longer Lease

Landlords love stability, and locking into a longer lease can often get you a better deal. Signing for 15 or 18 months instead of the usual 12 might earn you a monthly discount, or at least a rent freeze.

This strategy also shields you from year-over-year rent hikes, which can be steep in competitive markets. Just make sure you’re comfortable staying put before you commit.

4. Look for Apartments with Utilities Included

“All utilities included” might sound like a dream, and in some cases, it kind of is. Depending on location and season, having rent cover things like water, gas, trash, and even electricity can save you hundreds per month.

Consider for a second that the average cost of utilities for a 915 square-foot apartment in the United States is $253 per month.

But don’t assume. Always ask what’s actually included and what’s not. Some landlords cover just water and trash, while others throw in heat or Wi-Fi. The clearer you are upfront, the fewer surprises (and bills) later.

5. Get a Roommate or Housemate

The fastest way to slash your rent? Split it. Sharing a 2-bedroom with a roommate can cut your personal rent by 30–50%, and that’s before you even factor in shared internet, utilities, or streaming subscriptions.

It’s not just cheaper. It gives you access to bigger spaces, better amenities, and neighborhoods that might otherwise be out of reach. Just make sure you’re on the same page about quiet hours and fridge space.

6. Move During Off-Season

Timing your move can seriously impact your rent. The sweet spot? October through February. That's when demand drops and prices dip, making room for negotiation and better deals.

Landlords are more likely to offer incentives like a free month, reduced rent, or flexible lease terms just to fill the space. Plus, you'll have a wider selection and less pressure when making decisions.

7. Search Outside High-Demand Areas

You don’t have to move miles away to save. Sometimes, going just 10–30 minutes outside your ideal neighborhood or city center can lead to big rent drops. Use map tools to compare prices across nearby zip codes. You might be surprised by the difference a few blocks can make.

Look for areas with solid public transit or easy freeway access so you’re still connected, even if you’re paying less. Lower rent and a manageable commute? That’s a win-win.

8. Use Rental Keywords That Signal Deals

Your search terms matter. Sometimes using the right keywords can lead you straight to lower-cost listings or special offers. Try searching for phrases like:

• “Move-in special”
• “One month free”
• “No fee”
• “Utilities included”
• “Price reduced”

These terms can surface listings where landlords are eager to fill vacancies, which usually means more flexibility on price or terms. Use filters and keyword searches in rental apps to find hidden savings that don’t show up with just “2-bedroom, $1,500.”

9. Live Above or Below Ground Level

Not all units are priced the same, even in the same building. Ground-floor and basement apartments often come with a lower price tag because they’re seen as less desirable. Less sunlight? Maybe. But more savings? Definitely.

On the flip side, top-floor or penthouse units usually come with a premium for the view or privacy. Unless those perks are non-negotiable for you, choosing a lower level can be an easy way to trim your rent without sacrificing square footage.

10. Consider a Smaller Unit or Studio

Less space can mean way more savings. Downsizing to a studio or smaller one-bedroom could cut $300–$700 off your monthly rent, depending on the market. That’s real money back in your pocket every single month.

If the idea of going smaller feels cramped, get strategic with how to maximize your space. Space-saving furniture like fold-out desks, under-bed storage, or wall-mounted shelves can make a smaller unit feel smart, not squished.

11. Skip Expensive Amenities

Ask yourself: Do you really use the building’s gym, pool, or concierge, or just pay for them every month? Apartments loaded with luxury amenities often come with higher rent and added fees.

Opting for a unit without those extras can save you a surprising amount, especially if you're already paying for a gym membership or rarely use shared spaces. Focus on what you’ll actually use, not what looks good in the listing photos.

12. Offer to Help Landlord

Sometimes, pitching in can pay off. Ask if your landlord is open to reducing rent in exchange for help with small tasks. You might be able to shave a bit off your monthly bill by:

• Managing trash bins or recycling schedules
• Handling basic landscaping or lawn care
• Referring new tenants to fill vacancies
• Taking on light maintenance (if you’re qualified)

Not every landlord will go for it, but if you’re reliable and the job’s simple, it could be a win for both sides.

13. Apply to Income-Based or Subsidized Housing

If your income qualifies, government-backed housing programs can make a huge difference. Check with your local housing authority for:

• Section 8 housing
• Income-restricted apartments
• No credit check apartments
• Affordable housing lotteries

These programs are designed to keep rent manageable. Some even cap it at 30% of your monthly income. The process can take time, and waitlists are common, but it’s worth exploring if market rates are out of reach.

14. Work Remotely from a Cheaper City

If you work remotely, your paycheck doesn’t have to tie you to high-rent zip codes. Relocating to a lower-cost city or suburb could cut your rent by 50% or more, without changing your job.

Use our cost-of-living calculator to compare expenses across cities. Even modest shifts (like moving from a major metro to a nearby town) can have major savings. Just make sure your Wi-Fi’s strong, and you’re set. It’s one of the smarter ways to save money while renting.

How Else Can You Cut Your Housing Expenses?

Lowering your rent is a solid start, but it’s not the only way to save. Here are a few more ways to keep your total housing costs in check each month.

Use Budgeting Apps to Track Housing Costs

You can’t lower what you don’t track. Budgeting apps like Mint, YNAB (You Need a Budget), and Rocket Money help you visualize your monthly rent burden, monitor utility costs, and set realistic savings goals.

These tools make it easier to spot where your housing expenses are creeping up, and where you might have room to cut back, a must-do when budgeting for rent.

Review Lease Terms Carefully

Before you sign, read the fine print. Seriously. Hidden fees like valet trash, bundled amenities, or reserved parking can quietly inflate your monthly cost.

Watch for rent increase clauses and early termination penalties, too. Knowing what’s in your lease can help you avoid unexpected charges and plan for any price jumps down the line.

Consider Co-Living or Shared Housing

Co-living spaces and shared housing can offer a more affordable and often more flexible way to rent. These setups typically include furnished rooms, utilities, and even cleaning services in one monthly price.

They’re ideal if you’re new to a city, working remotely, or want a hassle-free lease without a full apartment price tag.

Bonus: you’ll usually avoid upfront costs like furniture, Wi-Fi setup, and utility deposits.

Save on Utilities

Utility bills can sneak up fast, especially in older apartments or extreme weather. Start by sealing drafty windows, using blackout curtains, and turning off lights and electronics when they’re not in use. Wash clothes in cold water, run full dishwasher loads, and avoid peak energy hours if your provider charges time-based rates. If possible, ask your landlord about installing a smart thermostat or energy-efficient fixtures. They might cover the cost, and you’ll save month over month.

Cut the Cord

Traditional cable packages can run $100+ per month, and chances are, you’re only watching a handful of channels. Cancel cable and build your own viewing setup with lower-cost streaming services. Services like YouTube TV or Hulu + Live TV can replicate live channels, while free platforms like Pluto TV and Tubi fill in the gaps. Rotate subscriptions monthly based on what you’re actually watching, and use student or bundle discounts when available.

Switch to a Cheaper Provider

There’s no reason to stay loyal to your internet or utility provider out of habit. Compare prices in your area using tools like BroadbandNow or EnergyBot to see if there’s a better rate available.

New customers often get promotional pricing, and if you’ve been with the same provider for over a year, call and ask to be switched to a lower-tier plan or get a loyalty discount. Sometimes, just threatening to switch is enough to get savings.

Stop Eating Out

If you want to know how to save for a house while renting, this is one of the easiest things you can do.

Dining out and delivery might be convenient, but it’s one of the fastest ways to blow your budget. Try meal planning on Sundays, cook in batches, and keep your kitchen stocked with essentials for quick, satisfying meals.

If you miss the variety of takeout, recreate your favorite meals at home, or set a weekly “splurge” budget to avoid impulse orders.

Don’t Pay for Rent with Credit Cards

It might be tempting to rack up points or buy time, but most landlords charge a fee (often 2–3%) for credit card payments, and that adds up. Unless you’re using a rent-focused rewards card and paying off the balance each month, it’s usually not worth the interest or fees. Use a rent payment platform that allows for ACH or debit transfers for free, or ask your landlord if they offer autopay discounts for direct withdrawals.

Rent Out Your Parking Spot

If your apartment includes parking and you don’t use it, rent it out to someone who needs it. In busy urban areas, spots can go for $50–$200/month, and that money can go straight toward your rent.

Sublet When You Travel

If your lease allows it, subletting your apartment (or just your room) while you’re away can offset rent during vacation or work travel. Just make sure it’s legal, safe, and approved in writing.

Final Thoughts

There you have it, how to lower rent effectively.

Rent prices aren’t likely to go down anytime soon. However, with the right strategies, you can take control of your housing costs and keep more money in your pocket.

From negotiating lease terms to cutting everyday expenses, these tips are designed to help you save where it matters. Still wondering what are some ways that someone can save money on their rent if this is their first time moving out? Start by checking out our First Time Renter’s Guide!

In the end, the right apartment should fit your life and your budget, not the other way around.

FAQs on How to Save Money on Rent

What’s the easiest way to lower my rent?

The easiest way to lower your rent is to negotiate before signing the lease. Ask about move-in specials, reduced rates for longer leases, or waived fees. You can also look for apartments with utilities included or in less competitive areas. Timing your move during the off-season, typically October to April, can also give you more bargaining power.

Can you negotiate rent?

Yes, it’s not only okay, it’s smart. Many landlords are open to negotiation, especially if a unit has been vacant, you're moving in during the off-season, or you have strong credit and references. Even small asks, like a rent freeze or waived parking fee, can add up.

Are utilities negotiable?

Sometimes. While most utility rates are fixed by providers, landlords may be willing to include certain utilities in your rent or split costs. If you’re renting from a private owner, there’s often more flexibility, especially if you’re willing to take on other responsibilities, like landscaping or minor maintenance.

Is it cheaper to rent from a private landlord?

It can be. Private landlords often have fewer overhead costs than large property management companies, which means they may offer more competitive pricing or flexible lease terms. Just be sure to review the lease carefully and confirm what’s included before signing.

What’s the cheapest day to move?

The cheapest days to move are typically weekdays, especially mid-month, like a Tuesday or Wednesday. Avoid weekends and the first or last few days of the month when demand (and prices) spike. Movers often offer lower rates during off-peak times.