The word is getting out about Prescott, Arizona. Once a small city, its population is now nearly 50,000. The city's population has grown roughly 5% since the last nationwide Census.
For many Americans, especially first-time homebuyers, ownership is unaffordable. They are dealing with record-high home prices and 7%-plus interest rates. Apartment rentals serve as a good alternative until home prices and rates stabilize.
Read on to learn how to shop for apartments for rent. Explore expert advice on the Prescott rental market and essential rental search tips.
Apartment Hunting Advice
The key to finding perfect apartments is knowing what to look for. You should work with your real estate agent or property management company to define your search.
For starters, you need to establish a budget to work with. Your monthly budget will set the parameters for a reasonable search.
The apartment's characteristics are the next element of your search. How many bedrooms and bathrooms do you need? What square footage would make for a comfortable living situation?
Many apartment hunters look for the best amenities. They want to know if there is a laundry unit onsite or a community pool. Others want a fitness center to stay in shape.
Prescott Arizona Living
Outdoor activities are one of the reasons that Prescott is so popular. Did you know that Prescott has more lakes than any other city in Arizona? Residents also like to hit the trails or experience the Old West.
Prescott also has a vibrant downtown area. There are many historical attractions as well as places to eat, drink, and view fine art.
This makes location an important search criterion for many apartment hunters. Some renters want to live within walking or biking distance of downtown.
Others prefer to live near nature trails or lakes. Real estate agents and property managers are experts in prime rental properties in Prescott.
Favorable Terms and Conditions
Finding the right apartment is more than the number of bathrooms and the property amenities. You also need to secure favorable terms and conditions.
Some apartment hunters are looking for a temporary living situation. They need a rental agreement that only locks them in for a year or less. While rare, some renters can secure a monthly lease.
Many renters have to worry about their pets. Does the apartment complex have a pet-friendly policy?
It is critical to carefully read the lease agreement to see how the property handles pets. Some properties perform routine property inspections and charge large fees for any damage.
Security deposits are another consideration for apartment hunters. You may have to pay one month's rent or more as part of the lease agreement. Some renters choose to negotiate a smaller security deposit to keep more cash in their accounts.
Your Guide to Prescott Apartments for Rent
You are now ready to shop for apartments in Prescott. Start by determining your budget and setting search parameters. You should also put some thought into the location and lease agreement terms and conditions.
PMI Northern Arizona has the expertise to help with apartment hunting. If you are looking for apartments for rent near Prescott, contact us today to speak with an expert.
