After scrolling through the MLS and Craigslist for over five years, I kind of know a lot about renting in DC. Incase you missed my Q&A session on Instagram stories, here is a recap. For the opportunity to ask me questions about renting in DC, follow me on Instagram.
What’s the best way to find a condo to rent? And is there a right way to negotiate the rent?
You are more likely to find condos to rent on Craigslist and Zillow. Rent is always negotiable. Here are a few tactics I would recommend:
- Sign a longer lease
- Offer to do some projects
- Know the market. If you think something is overpriced, show the landlord examples of comparable units that are priced lower and start negotiating.
How far in advance should someone start looking to find their ideal rental?
30 days. I know that seems tough but seriously, don’t waste your time. The market moves very quickly and landlords won’t hold places for weeks on end. However, studying the market is different. You can start scouting buildings and neighborhoods well in advance.
Anything particular that one should be aware of with renting in DC? Ex. broker fees in NYC.
No broker fees in DC. However, you will need to be able to put down the first month’s rent, along with a security deposit (often equal to the first month’s rent but never more.) Legally, landlords can’t take a deposit larger than the first month’s rent. An application fee is also usually required.
Any tips on avoiding scams for those searching from a distance?
Many of the larger, newer apartment complexes have begun offering virtual tours so that is a safe bet. If you are working with an individual landlord, make the request. If they won’t do it, that’s a red flag.
Is there a price threshold you would consider a “good deal” for a one bedroom in DC?
Good questions but tough to answer. It depends on neighborhood, square footage, age of building, location of the unit (i.e. top floor vs below grade.) A very general rule of thumb for me is anything below $2000 a month is impressive.
