More apartments, more deals: Why nearly 40% of landlords are offering concessions right now

Renters are getting a bit of relief as landlords offer more concessions — like free rent or waived fees — to fill units in a cooling market. Rent growth has slowed to its weakest pace since 2020, according to Zillow data from March, which shows asking rents for U.S. apartments and homes were about $1,910 , up 1.8% year over year. Even though rents are still rising, increases have been outpaced by income growth, Zillow reports. …