The lowest rental rates are usually found between October and April, particularly right after the December holiday season: Fewer people are interested in moving-the weather's bad, schools are in session, etc. Winter Months Are Best for Rental SavingsĪs the temperature drops, so do prices. There are also discrepancies depending on the size of the apartment: In New York City, for example, the average rent for a one-bedroom fell over 12%-but rose over 16% for a two-bedroom. and Fort Wayne, IND., but increasing in Las Vegas Houston Winston-Salem, NC and Jacksonville, FL. The economic crisis seems to be having a variable effect on rents, with year-over-year prices for metropolitan-area apartments between May 2020 and May 2021 decreasing in San Antonio, Tex. And, of course, for families with kids, it's between school years. Many college graduates are seeking real estate close to where they will start their careers. Many high school graduates are leaving home for college or jobs. The reason for this is fairly straightforward: A number of life changes tend to occur in these months. The busiest rental and moving period tends to be between the months of May and September. Summer Months Are Best for Rental Selection
The real estate market tends to be cyclical and seasonal paying attention to these cycles can affect the ease of your search and the price you'll pay for a rental.