What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
Free Rent? Over Six in 10 DC-Area Rental Listings Offer a Concession
✉️ Want to forward this article? Click here.
A few months ago, a nationwide study found that rental listings offering concessions are most prevalent in the DC area. Not only is this still the case, but these enticements have become more common.
A new Zillow report states that 62.4% of rental listings on its site in the DC area included at least one concession in October, up from 57.5% of listings in July. In contrast, 33% of listings in the DC area in October 2019 had concessions. Nationwide, more than one-third of rental listings had a concession in October — up from 20% in March.
story continues below
loading...story continues above
![](https://assets.urbanturf.com/dc/images/blog/2020/11/concess.jpg)
Thus far, the concessions seem to be working on Generation Z, nearly half of whom reported that they recently rented because of a concession. In the DC area, the concessions saved these renters the equivalent of two months rent over a 12-month lease.
The most common concession in the DC area is free rent, which was offered in 88% of listings with concessions. Free parking came in a distant second, offered in 16.7% of listings, followed by a gift card, a waived or reduced security deposit, and a waived application fee.
The study only looks at rental listings advertised on Zillow.
Thumbnail image courtesy of Ted Eytan.
See other articles related to: concessions, rental concessions, zillow
This article originally published at https://dc.urbanturf.com/articles/blog/free-rent-over-six-in-10-dc-area-rental-listings-offer-a-concession/17553.
Most Popular... This Week • Last 30 Days • Ever
![First-Timer Primer: Tax Relief for DC Homeowners](https://assets.urbanturf.com/dc/images/blog/2013/02/Homestead_Exemption_280.jpg)
When you buy a home in the District, you will have to pay property taxes along with y... read »
![A 127-Unit Luxury Condo Building In The Works For Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/950%203rd%20Street%20Dusk%20EXT_image_560x420.jpg)
The largest condominium building in downtown DC in recent memory is currently under c... read »
![HPO Recommends Approval For 160-Unit Office-To-Residential Conversion in Dupont Circle](https://assets.urbanturf.com/dc/images/blog/2024/06/resized/1201-Conn_image_560x420.jpg)
The plan to convert a Dupont Circle office building into a residential development ap... read »
![Beautifully Constructed Condominium in The Bridge District is Now 50% Sold](https://assets.urbanturf.com/dc/images/blog/2024/07/Riviere%20article/resized/2305%20Nicholson%20St%20SE%20405-0003_image_560x420.jpg)
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/bubble_image_560x420.jpg)
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro