Forum Archive: Posts by: booksin

My lease is up for renewal in a couple of months; my rent was a little on the high side even before the recent slump, but now quite clearly needs lowering. My landlord has hinted that he is amenable, but it will be up to me to suggest a new rent. I’ve seen places listed nearby at 20% of my current rent, but on the other hand the landlord just rented a similar apartment to a new tenany only minimally below the previous rent- but since the new tenant is an executive in town for 1 year whose company is likely paying the rent, so it may have been a fluke. So my question: What is the typical discount for a typical 2-bedroom apartment lease renewal in an average center-slope (8th street)
apartment these days? Thanks in advance!