Cold weather can mean hot deals for renters in most big cities

As it turns out, the conventional wisdom surrounding the best time to rent is on the money.

Across the 10 largest metropolitan areas nationwide, apartments were on average 3.9% cheaper to rent in the winter as compared with the more competitive summer months, according to a study released Monday by real-estate website RentHop.

From peak to trough, one-bedroom apartments are between 2.4% and 5.4% cheaper in the winter, while two-bedroom units are between 2.3% and 5.8% more affordable. In dollar figures, that equates to between a $37 and $171 per month savings for one-bedroom rentals and between $36 and $191 for two-bedrooms.

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