This ensures that renters are aware of their rights and helps housing providers understand their legal obligations. Fair housing resources: Rental listings on Zillow display available local legal protections, such as source-of-income and LGBTQ+ anti-discrimination laws.The "soft" credit-pull feature allows landlords to check credit without impacting renters' credit scores. This saves renters time and money, as they no longer need to pay multiple application fees. For a flat fee, renters can use a single form to apply to multiple participating properties on Zillow within 30 days. Universal applications: Zillow offers a streamlined online application process for both renters and housing providers.The Cost of Renting Summary is one of many products Zillow offers to create ease, address inequities and help renters save money. Zillow will continue to enhance the tool to enable renters to customize the data themselves with more details, such as utilities and cable/internet, enabling them to tailor the cost summary to their specific needs, giving them a more personalized experience. Now renters can view the total cost of renting a specific unit they are interested in directly on the building's detail page, making it easier to assess affordability. The Cost of Renting Summary leverages available data provided by Zillow's multifamily partners to preload the tool with information about monthly costs, such as rent, parking fees and pet fees, as well as onetime expenses like security deposits, application fees and administration fees. "Transparency is at the core of our commitment to renters, and tools like the Cost of Renting Summary provide them with the comprehensive data to navigate the housing market and discover the perfect home within their budget." "Renters should feel financially confident when applying for an apartment, no surprises included," said Christopher Roberts, senior vice president and general manager of Zillow Rentals. Department of Housing and Urban Development and policy makers to highlight Zillow's pro-consumer products and economic research. The recognition is part of a long partnership with the White House, the U.S. The Administration's commitment to promoting transparent pricing aligns perfectly with Zillow's mission to bring clarity to renters. The new feature was recognized today by the White House in an announcement outlining President Biden's efforts to lower costs for renters. These onetime fees and any ongoing monthly charges can quickly add up, potentially pushing renters beyond their desired budget range. And for renters who paid an application fee, the typical amount was between $40 and $59. Zillow's latest CHTR report shows that the typical security deposit for renters who paid one was between $500 and $999. However, many renters may not be aware that their budget needs to account for more than just the monthly rent. The Cost of Renting Summary was purposely built to empower the average monthly 28 million unique visitors to Zillow Rentals1 with the information they need to make informed decisions throughout their housing journey.Īccording to Zillow's Consumer Housing Trends Report (CHTR), 80% of renters said staying within their initial budget is highly important - more than any other factor in choosing a home. This feature is now available on all detail pages for rental multifamily buildings across the Zillow app and website. SEATTLE, J/PRNewswire/ - Zillow's new Cost of Renting Summary gives renters clear insight into the financial obligations of renting, making it easier than ever to understand the costs involved. Zillow introduces the Cost of Renting Summary to bring transparency to rental expenses
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