Most people will rent an apartment, condo or home at some point. Writing a monthly rent check is a financial reality for many Americans as it becomes more difficult to buy a home, but that doesn’t mean you should sign the first lease you find. There are plenty of tips and tricks to get the best deal possible, even in big cities.
Rent, like a lot of bills, is actually negotiable. You can also slash costs by getting a roommate and cutting nonessential monthly bills like cable. Experts generally recommend spending no more than 30 percent of income on housing. If you’re spending more than that, start looking around for a better deal. The less you spend on rent, the more you can put toward your debts and saving up for a down payment on a house of your own. Find valuable renting tips on GOBankingRates to make sure you’re getting the best rental price possible.