Housing is typically the biggest expense in people’s lives, but there are lots of strategies renters can use to keep more money in their pockets. Here are few money-saving tips that any renter can use!

Find A Roommate

Perhaps the most obvious way to save more money while renting is to split costs with a roommate. Getting a roommate will reduce your rent payment and help you save on food and other necessary household purchases. Just make sure to follow the process outlined by the leasing office for getting a roommate and adding their name to the lease.

Budget For Your Bills

Know and plan for all costs you’ll be responsible for while renting. These can include security and pet deposits, application fees, rent, utilities, and more. These costs can vary a great deal depending on your apartment, so be sure to pay attention to how much you’ll need to spend. Planning these expenses out can help you effectively budget your money, allowing you to find savings opportunities.

Purchase Renter’s Insurance

Renter’s insurance is an extra expense, but it can offer you great peace of mind and potentially save you money. This insurance helps you repair or replace personal belongings that are damaged or stolen from your apartment. It can also help with expenses in the event of fires or natural disasters.

Take Advantage of On-Site Amenities

Another easy way to save some cash is by taking advantage of amenities that are offered by your apartment community. If there’s an onsite gym or pool, you can save money by skipping memberships to other facilities. There may also be community events like movie nights and cook outs that can save you money on food and entertainment.

Negotiate Your Rent and Take Advantage of Discounts

You can try to negotiate a less expensive rent with your landlord, especially when renewing your lease. Landlords like to keep good tenants and skip the headache of vetting new renters. You may be able to use this to your advantage and negotiate for a better rent price. Additionally, paying upfront or signing extended leases could be ways to get a discount on rent.

One 51 Place Apartment Homes

If you’re looking for a luxurious apartment community in Alachua, FL, you’ll love One 51 Place Apartment Homes. Call us today to schedule a tour and hear more about our housing options!