Marcus Hiles gives renters looking to sign a lease a few hints that may impact the cost of rent. As reported in a Forbes article on how to negotiate rental prices, researching the neighborhood, the landlord, and what other tenants are paying — either in the same building or community – are all factors in obtaining lower rental rates. Renters also should learn about how to negotiate prices. Although openly asking for a lower rental price may not be the best strategy, landlords do not always shy away from negotiating. “Negotiation points for me as a landlord and property manager are length of lease and credit,” explains co-founder of SparkRental.com Denise Supplee, a full-service rental automation firm. Another option is to offer to sign a long-term lease, explains Hiles, because landlords like the idea of being able to minimize turnover rates while still meeting their profit quotas.