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While hardly polite, it can certainly be done. You'll be in a worse bargaining position however. See http://blog.moneydesktop.com/debt_free/10-ways-to-negotiate-lower-apartment-rent/ for some ideas on valid points you can make for negotiating the rent down. If market rents are falling quick, the landlord may budge. If not, offer to maintain the grounds or manage the building.

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Q: Can you negotiate apartment rent price adjustment after signing lease?
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