Obviously, dollar savings will be smaller in cities where the cost of living is cheaper. The Texas cities, for example, are around 2x cheaper than New York or Boston (so the dollar savings are also much smaller). However, $600-$800 dollars in savings over a 12-month lease is nothing to scoff at.
Given the opportunity, renters should opt to end their leases near the wintertime (or at least be wary of non-standard lease terms that might push them off a good cycle). They should also be wary of any discounts from “months free” type concessions which won’t stick around for the next renewal. Note, though, that we’re not considering the potentially lower selection during the winter months. Generally, higher turnover means more possible apartments (though they’ll likely get swooped up faster!).
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