It’s no secret that in some places, rents are skyrocketing out of control. Some places have increased by almost 10% in some places between 2014 and 2017. It’s more difficult to get a place to live that offers everything you need and doesn’t eat up half of your income.
Would you like to know how to find a cheap place to live? Read on to find out:
Know Where the Next Big Thing Is
The problem with skyrocketing rents is that you have to get on the ground floor of a place before everyone else discovers it. You need to make sure that you know where the next big places are.
For example, it seems that everyone is flocking to Portland, Oregon, right now. What if you discovered Portland 10 years ago? You’d get in on the ground floor, so to speak. You’d be able to enjoy lower rents and find the good neighborhoods before people moving there drive up demand and prices.
You want to find out where the up and coming neighborhoods are in the area where you want to live. It’ll take a little research, but the result will be cheaper rent than living in the hot spots.
You can start by checking out this article about the up and coming neighborhoods in Illinois.
Get a Job with Housing
Are you a handy type? Maybe you’re a nanny or caretaker. These are jobs that could offer free housing. For example, you could be a maintenance person for a property management company. They would need you on-site. As part of your pay, they would offer housing as part of your salary package.
There are a number of jobs that offer housing. One creative way to find cheap housing is to be a live-in house sitter. It’s a great way to experience what it’s really like to live in a neighborhood and you have a place to sleep rent-free. You can look for housesitting gigs that last just a week or two or long term. There are people who spend half the year in one location and the other half in another.
Negotiate Rent Costs
You might be able to knock the price of your rental down by negotiating with your landlord. For an apartment that’s in demand, you may not be able to pull it off. However, if there is some leverage that you can use to further your case, you might be able to lower your rental costs.
For example, if you can prepay several months rent in advance, your landlord may be willing to work with you. You can also show that you’re a trustworthy tenant by showing you have a clean rental record and you have stellar credit.
How to Find a Cheap Place to Live
One of the biggest hits to your budget every month are rental costs. You don’t want to blow your entire income on housing, so you have to know how to find a cheap place to live.
There are a number of creative ways to get a cheap place to live without compromising your standard of living.
For more frugal tips, come back to Broke and Chic regularly for the latest articles.