Lease renewal - negotiate?

[Blueshirts]

What is the name of your state (only U.S. law)? IL

My lease is coming up for renewal in April and the LL wants me to sign a renewal for the same terms. Claims they will give me a $300 credit for renewing.

My question is, I have seen the similar / same apartments from the LL being advertised in the papers and on the internet for roughly $40 less per month that what I'm currently paying.

Obviously that adds up over 12 months to almost $500. Anyway is it fair / appropriate for me to try an negotiate the lease terms? Considering I have been on time with all my payments and haven't been a problem tenant?

Don't know why I'm hesitant to try and leverage the ads to reduce my rate.

 

[Zigner]

Sure, you can negotiate. Doesn't mean they have to work with you.

What you're talking about is a $15 per month rent increase over the coming year. It's really not that much.

 

[Blueshirts]

You are correct considering the $300 credit for renewing.

Although it's still almost $200 which I could certainly use.


Thanks though... just wasn't sure if it's considered "appropriate".

 

[Zigner]

You are correct considering the $300 credit for renewing.

Although it's still almost $200 which I could certainly use.


Thanks though... just wasn't sure if it's considered "appropriate".

Everything is negotiable.