Dallas renters, here’s some good news. Rents are finally starting to stabilize. Landlords are sweetening the deal to fill those new apartments popping up all over the city. With the recent boom in multifamily construction, there are more rental options available than ever before. This means landlords are offering perks like free rent, discounted deposits, and even help with moving costs.
And this isn’t just a broad trend—it’s happening right here in our backyard, in places like McKinney and Frisco. Here are a few examples of the sweet deals you can snag:
Specific Examples in McKinney and Frisco
Presidium Frisco Square (Frisco, TX)
- Current Offer: 1 month free rent on select units with a 12-month lease. This offer is valid for move-ins before the end of August.
- Details: This luxury community offers amenities such as a resort-style pool, fitness center, and co-working spaces. The concessions are aimed at quickly filling these upscale units in a competitive market.
The Edison at Frisco (Frisco, TX)
- Current Offer: One month free on all floor plans for 12-month leases signed by August 31st.
- Details: This complex focuses on modern living with high-end finishes and smart home technology. The concession aims to attract tenants looking for a combination of luxury and tech.
Cyan Craig Ranch (McKinney, TX)
- Current Offer: Move-in specials include up to two months of free rent on select units, along with reduced security deposits.
- Details: Brand-new luxury apartments featuring a wide range of amenities such as a pool, fitness center, and pet-friendly options. These offers are designed to fill units quickly in a newly developed area.
While rents are still high, the pace of increases has slowed, giving you a bit more bargaining power. Over half of the rental listings in some areas are offering these enticing deals. This makes it a renter’s market in many ways.
However, don’t get too comfortable just yet. Rents are still higher than they were pre-pandemic, and it’s anyone’s guess how long these concessions will last. With mortgage rates dipping, some renters may shift towards buying, which could further impact rental demand.
If you’re looking to rent an apartment or lease a home in Dallas, now might be the perfect time. It is a good moment to explore your options. Plus, when you use me to help find your next apartment, you could even get cash back! I’ll guide you through the process and make sure you get the best deal possible.
