COPY THE PROMPT BELOW
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Dear Landlord,

My name is [NAME] and I live at [ADDRESS]. I am writing to discuss extending my current lease. That said, as I’m sure you can appreciate, the rental market has softened quite a bit since my last lease signing, and I would need a rent reduction of [$$] from my current rent of [current rent] to [new rent you want to pay] to reflect current market pricing. Please let me know if we can proceed by end of week, as I will be submitting applications to lower priced apartments in the neighborhood, if we can not come to an extension agreement.

Best,[Your Name]