You know the saying, “luck favors the prepared”, well, when it comes to apartment hunting, this definitely holds true. 45-60 days prior to your target move-in date is typically the best time to land a great deal. This is due to the pricing software that has been adopted by 90% of apartment communities in Dallas. While there are a lot of factors that affect pricing, generally speaking, when there are more units on notice for any given month, the pricing will be lower. As the communities begin to pre-lease apartments, the prices increase incrementally.
This is one of the few exceptions to the “be prepared” tip above. As long as Dallas continues to have a steady flow of brand new apartments opening, there will continue to be competitive move-in specials. Most brand new apartments can hold apartments for 60+ days, so you can still get a great deal early if you’re a planner. Common specials include 4 – 8 weeks free (up front and/or pro-rated), gift-cards, and reduced app/admin & deposits. If you’ve waited until the last minute or you’re relocating to Dallas on short notice, brand new is a great place to start your search.
Be ready to apply quickly. If you are lucky enough to land one of these great deals, be prepared to submit an application. Some move-in specials are time-sensitive. It’s common to see 24 or 48 hour “look & lease” specials, which means you have a set amount of time to submit your application after touring a property. Additionally, competitively priced apartments are highly sought-after and tend to lease more quickly than your average apartment. After the initial application fees, etc, you’ll need to provide proof of income and rental history as well.
Moving in with a roommate? Two & three bedroom apartments are more affordable approach to begin with, but it can be a struggle to come to an agreement with multiple people. Make sure you start the process with a discussion about these three factors: 1) Max price-range 2) Ideal location & 3)Move-in date. If you can agree on these three things before you start your search, you are going to have a much smoother process. The more people you involve, the harder this can be, but it’s well worth the time it takes in the beginning to avoid the headaches later on.
The Urban Avenue is a unique team of Dallas apartment locators. Whether you're relocating to Dallas for work, or just looking for a new place to live, our local real estate agents can help you find the perfect apartment.
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