The phrase denotes rental properties in close proximity to an individual’s current location that do not require a charge to submit a rental application. For example, a prospective tenant searching online might enter the search terms “apartments near me no application fee” to find suitable housing options that also offer cost savings during the application process.
Eliminating application fees can significantly reduce the upfront costs associated with securing a lease, benefitting individuals on a tight budget or those applying to multiple properties. Historically, application fees have served to cover the cost of credit checks and background screening, but some landlords may waive these fees to attract more tenants or remain competitive in the rental market.