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One-third of Philly-area rentals offered free rent or other perks in October

The rental market is typically slower in the fall, but it has slowed beyond what’s expected, thanks largely to an influx of new apartments being built and less competition among renters.

North Philly rental properties in 2021. An influx of new apartments in Philadelphia and across the country has softened competition among renters and forced landlords to work harder to attract residents, including offering concessions such as free rent.
North Philly rental properties in 2021. An influx of new apartments in Philadelphia and across the country has softened competition among renters and forced landlords to work harder to attract residents, including offering concessions such as free rent.Read moreTOM GRALISH / Staff Photographer