I negotiated my rent DOWN at renewal. Here's exactly what I said.
The renewal offer arrived 60 days before my lease ended. $1,890, up from $1,780. That's a 6.2% increase on a unit where nothing has changed and the concession I got at move-in is long gone.
I did not call them. I wrote an email. I want to be specific about this because the email is the whole thing. Here is approximately what I said:
"Thank you for sending my renewal offer. I've reviewed it carefully. I've been a tenant in good standing for 20 months with no late payments and no maintenance-caused damage. I've enjoyed living here and would like to continue.
The proposed rate of $1,890 would represent the fourth rent increase I've absorbed since moving in, bringing my total cost increase to approximately 18% over that period. I understand market conditions have been difficult. I'm asking whether there's flexibility on this offer, and if so, what the adjusted rate could be.
If renewal at the current rate or close to it isn't possible, I'd like to understand the timeline so I can plan accordingly."
They came back in two days with $1,810. I waited 24 hours and replied: "I appreciate the adjustment. I want to stay, and I want to make the decision easy for you. Could we do $1,760?" They said yes. $1,760. Twenty dollars less than what I'm paying now.
What I know for certain: the cost of preparing a unit for a new tenant, running it empty, and running the leasing process is real. I was a known quantity who paid on time. They priced that correctly.
