4 Things to Know Before Renting an Income-Restricted Apartment
There’s no doubt about it: Like pretty much everything else in life, the cost to rent an apartment in the U.S. is going up.
Median monthly rent for U.S. apartments rose by 15 percent from 2000 to 2016, according to Harvard University’s Joint Center for Housing Studies. During that time, the median monthly rent went from $850 to $980.
To reduce the cost of an apartment, some renters turn to something called income-restricted housing. At complexes that offer income-restricted apartments, the monthly rental amount takes into account the renter’s income.
How does all of this work? Here are four things you should know before renting an income-restricted apartment. Read the rest of this entry »
With the possible exception of “crazy neighbors” and “rat infestation,” no two words strike more fear into the hearts of renters than “rent increase.” If you know or suspect an increase is coming, don’t wait for it to hit your bank account. Speak with your landlord. Make it known that you wish to negotiate the rent increase. And let them know you have a few ideas they might wish to consider. Here’s how. 
