“Two months free” can be a useful deal. It can also make two very different apartments look like the same price. Separate the base rent, concession, required fees and payment schedule before deciding what you can afford.
Gross rent and net effective rent answer different questions
Monthly base rent is the stated rent before the concession. Multiply it by the lease length to get gross base rent over the term. Subtract the total credit, then divide by the lease months to get net effective monthly base rent. That is an average. It does not tell you which month gets a credit or the amount due on each monthly statement. relatedSlugs: ['miami-apartment-hidden-fees', 'miami-apartment-move-in-costs', 'gross-vs-net-effective-rent-miami'] cta: 'Text Don the base rent, lease length, credit and fee sheet from each quote. Avoid sending account numbers or sensitive application documents by text.'