No Such Thing as Perfect: 4 Compromises Renters Make Most

Posted on Dec 7 2018 - 11:39am by Housecall
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Young woman with mother, moving into apartment

By Ellen Sirull

Finding an apartment that matches your budget and includes all the amenities and features you want in a home can sometimes be tough to do. The reality is that most people will need to compromise on something along the way in their rental search. According to an Apartment Guide survey, 67 percent of renters say they feel they have to sacrifice wants in order to keep things within their budget.

Though many people have to make choices between various factors when searching for a rental, one-third of respondents say they were able to find a place that had everything they wanted in a home, such as location, price point, property type and property features or amenities.

Compromises Renters Make

Housing type

Only 12 percent of those surveyed indicated they compromised on housing type, so it's not a compromise many renters make. Narrowing down the housing type will also help you hone in on a home during your search, as having too many variables can make it hard to compare options.

Location

Only 14 percent of renters surveyed said they compromised on the location of their rental home. This isn't surprising, since over half of those surveyed (54 percent) also said that location matters to them more than the unit itself.

Price

A few more people compromised on price than housing type and location, but the number is still less than one-third of all U.S. renters. Only 20 percent of those surveyed said they compromised on price, but were able to get the location, property type and amenities they wanted.

Amenities

When asked, 21 percent of respondents said they were able to find a place in the location they wanted in their price range, yet had to give up some of the amenities and features they were looking for. Gated community access, hardwood floors and a rooftop terrace are some of the most popular amenities renters mentioned wanting.

Finding the Right Rental for You

How can you make sure you only compromise when you really need to? Do your research online and visit as many apartments as possible. You don't want to make a snap decision or overlook something important to you.

The data referenced in this article include the results of surveys conducted by RentPath between 2017 and 2018.

Ellen Henderson SirullEllen Sirull has been a writer for 15 years, covering topics from personal finance to identity protection to professional development. This article originally appeared on the Apartment Guide Blog.

 

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