As the demand for student apartments in Tempe continues to surge, one of the biggest decisions students face during the Fall semester is choosing where to live for the upcoming academic year. If you’re already in an off-campus apartment, you’ll need to decide whether to renew your lease at your current property or sign a new lease somewhere else.
With so many options near campus, plus new properties opening each year, it can feel overwhelming to sort through the choices and find the ideal home that suits your needs.
Read Next: 10 Additional Living Costs for Students Renting Apartments Near ASU
At Rambler Tempe, we understand how challenging it can be to decide whether to stay or move. To help you weigh your options, we’ve outlined the pros and cons of each choice so you can make the best decision for your situation.
If You Choose to Move to a New Student Apartment in Tempe, Arizona:
Pro: Modern Amenities
Tempe provides a variety of student housing options, with new properties opening every year. These newer buildings often boast cutting-edge amenities designed to outshine competitors and elevate the student living experience.
In addition to the standard gym and pool deck features, you’ll find state-of-the-art amenities such as:
- Saunas
- Tanning beds
- Pilates reformers
- Yoga studios
- Spas
Each new property introduces something unique, so take the time to explore and compare the amenities that best match your lifestyle.
Pro: Fresh Appeal
One of the most exciting perks of moving into a new property is the fresh, brand-new feel. Everything from the freshly painted walls to the new furniture creates a clean and pristine environment that’s hard to resist.
You’ll be the first to sleep in the bed, use the shower, and enjoy all of the newly-opened amenities. The novelty and excitement of being among the first residents in a new apartment makes the experience truly special.
Pro: Fresh Connections and Community
Another benefit of moving to a new apartment is the camaraderie you’ll develop with your neighbors in a fresh community.
While a sense of community can be found in any student apartment, being part of the first group of residents in a new building creates a unique bond. You’ll have the opportunity to shape the atmosphere of the community and take pride in being part of its beginnings.
Additionally, if you enjoy living with your current roommate(s), you can continue that arrangement in a new space. On the other hand, if you’re looking for a change, moving to a new apartment gives you the chance to meet new people and branch out.
Read Next: 5 Reasons to Live in a New Student Apartment in Tempe AZ
Con: Moving Costs and Time
One downside of transitioning to a new apartment is the effort and cost involved in the moving process.
While some properties may offer moving services to ease the transition, most do not. It’s important to factor in both the time needed to pack, move, and unpack, as well as any expenses for moving trucks or temporary storage if there’s a gap between lease dates.
If You Choose to Renew Your Lease at Your Current Apartment
Pro: Familiarity and Comfort
Renewing your lease allows you to stay in a space where you already feel comfortable and at home. After living there for a year or more, you’ll be familiar with the amenities, community, staff, and policies. Renewing means there are no surprises. You’ll know exactly what to expect for the next year.
Pro: Save on Moving Costs
One of the biggest advantages of renewing your lease is avoiding the hassle and expenses of moving. By staying in the same apartment, you can leave all your belongings where they are, saving both time and money. Plus, you won’t need to worry about the logistics of packing, transporting or unpacking your things.
Pro: Maintaining Roommate Dynamics
Having roommates you get along with can significantly enhance your living experience. If your friend group has had a positive experience during your current lease, renewing might be a smart choice. It allows you to stay in the same location with the same people, offering a sense of comfort, stability and predictability.
Con: Lack of Change in Environment
While familiarity can be comforting, it may also feel stagnant depending on your experience. If you’ve faced challenges with leasing policies, staff, or specific aspects of the building, it might be worth exploring a new location.
Additionally, staying in the same space with identical amenities can lack the excitement and novelty of a fresh environment. If you enjoy new experiences, surroundings, or updated amenities, renewing your current lease may not align with your preferences.
Con: Potential Rent Increase
With rising market prices, apartment communities often increase rent when leases are renewed. Staying in the same apartment may mean paying more than you did the previous year. To avoid surprises, it’s essential to ask about any potential rent increases before committing to renewal.
Moving or Renewing: Key Considerations
When deciding between renewing your lease or moving, ask yourself:
- Do I like my property’s management? Are they responsive and reliable?
- Does my property feel secure?
- Do I still need (or no longer need) access to parking?
- Does the rental rate work for my budget?
- Can I afford a better option?
- Is the effort and cost of moving worth it?
- Does my current apartment still meet my needs?
If comfort and familiarity are your priorities, and your current apartment continues to meet your needs, renewing your lease may be the best option. However, if you’re seeking updated amenities, a new living experience, or improved management, exploring new student housing could be a better fit.
We hope this article has helped you weigh the pros and cons of renewing your lease versus moving to a new apartment. If you have further questions or want to learn more about Rambler Tempe, feel free to reach out to our leasing team or visit Rambler House for more information. We are always happy to help!
