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Fortune
Fortune
Alena Botros

The rental market is softening so fast in some pockets of the country that landlords have no choice but to offer concessions

(Credit: Getty Images)

It looks like homebuilders aren’t the only ones offering incentives in this housing market—landlords are too, even though the median asking rent is at a near-record high, according to Redfin. 

Last month, the median U.S. asking rent was $2,052, which is just $2 below the record-high set a year earlier, and it’s up slightly from the previous month’s $2,038. Still, landlords are finding a way to attract renters, whether that’s a one-time discount or a few months free per Redfin.   

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