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Instead of cutting rents, some landlords are throwing in one-time concessions to attract renters as vacancies rise, according to a new report from Redfin.
The median US rent price clocked in at $2,052 in August, just shy of a new all-time-high, Redfin data shows.
Rents are sitting near record highs and vacancies are on the rise. Landlords are beginning to offer deals to attract renters without lowering asking rents.
At $2,052, the median monthly rent remains near its all-time high. But builders are wrapping up construction on thousands of new units.
Rent., a leading provider of integrated marketing solutions to the multifamily and single-family rentals industry, and Realtor.com®, today announced a rental content listing distribution... | April 6, 2023