Should I lower the rent?

[Brian Ellis]

Ive had about 50 or more inquiries on my rental over the last two weeks. After I pre-screened, Only 5 of them have actually showed up for a showing, and a few filled out the online application that I had to kindly decline.

I would think the price is right. But based on it being a one bedroom, with off street parking for one vehicle, it probably turns off a lot of people. The rent price is tough for a single person to afford, and a couple living there would have a tough parking situation. 

Should I lower my price? Or is it usual for a one bedroom to have a higher vacancy rate?

[Dennis M.]

@Brian Ellis There is one major reason for thIs - your price is too high. stop rationalizing it and losing money waiting around .Drop the price and watch what happens