How to save money
on rent.

Build your budget around the all-in number

A common guideline is to keep rent near 30% of gross income, but the sticker rent is only part of it. Add parking, pet rent, amenity or trash fees, and any utilities the community doesn't include. Comparing the true monthly cost — not just the headline rent — is the fastest way to avoid overpaying.

Earn rewards on the rent you already pay

Rent is the one big monthly payment that usually earns nothing. At communities that participate in Bilt Rewards (Luxia does), your rent earns points you can put toward travel or a future rent payment — effectively a discount on money you're spending anyway. See the Bilt Rewards page to estimate what you'd earn.

Time your move for the off-season

Demand for apartments tends to peak in late spring and summer. Touring and signing in the slower fall and winter months can mean better concessions and more room to negotiate.

Ask about longer lease terms and renewals

A slightly longer lease can come with a lower effective rent, and renewing is almost always cheaper than the cost and hassle of moving. When you renew, ask what's available — and get any concession in writing so it holds at renewal.

Choose amenities you'll actually use

You pay for the whole amenity package whether you use it or not. If a rooftop lounge or valet trash isn't something you'll use, a community with a leaner amenity set can deliver the same home for less.

Watch the one-time costs

Application and admin fees, deposits, and move-in specials all change your first-year cost. Ask which fees are refundable, and confirm how any move-in special affects your rent at renewal.

Frequently asked questions

What percent of income should go to rent?

A common guideline is about 30% of gross income, but the better target is your all-in monthly cost — rent plus parking, pet rent, fees and any utilities not included — kept comfortably within your budget.

Can you really earn rewards on rent?

Yes, at communities that participate in Bilt Rewards. Luxia communities do, so residents earn Bilt points on rent that can be redeemed for travel, future rent and more — effectively lowering your real cost.

When is the cheapest time to rent an apartment?

Demand usually peaks in late spring and summer, so touring and signing in fall or winter often means better concessions and more negotiating room.

Is it cheaper to renew or move?

Renewing is almost always cheaper than moving once you account for application fees, deposits, movers and time. Ask what renewal offers are available before deciding to move.