Grant’s direct answer
Yes, all else equal, because the same concession is spread across fewer months. Two free months on a 12-month lease means the renter effectively pays for 10 months; two free months on a 15-month lease means paying for 13. That is why Grant never compares specials by the headline alone. Use the actual base rent, amount of free rent, and qualifying lease term to calculate the effective rent. A longer lease can still make strategic sense if it moves the next expiration into a better seasonal window, so renewal timing should also be considered.
Explore related apartment guides and city and neighborhood information. Rental prices, availability, office locations and incentives can change; confirm time-sensitive details before making a decision.
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- How Do Apartment Free-Rent Specials and Effective Rent Work? · Editorial source guide
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