When Is the Best Time to Rent an Apartment?

It depends on whether your priority is price or choice

Summer Months Are Best for Rental Selection
The busiest rental and moving period tends to be between the months of May and September. The reason for this is fairly straightforward: A number of life changes tend to occur in these months. Many high school graduates are leaving home for college or jobs. Many college graduates are seeking real estate close to where they will start their careers. And, of course, for families with kids, it's between school years. Also, it's easier to move during warmer weather—to drive, to load and unload furniture, and carry boxes.

Winter Months Are Best for Rental Savings
As the temperature drops, so do prices. The lowest rental rates are usually found between October and April, particularly right after the December holiday season. Fewer people are interested in moving—the weather's bad, schools are in session, etc. So individuals renting between the months of December and March typically find the best rental bargains. However, low levels of moving activity and turnover typically mean that it is more difficult to find exactly the type of apartment you would like at this time.

But whenever you rent, please be prepared for the increased prices!