Typically the rents will follow the market down. This will be affected by the open inventory. If there are more rentals than there are people to rent them, this will tend to drive down the prices as landlords compete for tenants. The opposite can also be true if there are few rentals available in a certain market area, and the demand is higher for that area. In that event, it would drive the prices higher. Not all markets are declining. Some have stabilized, and some are starting to rise slightly.Rental rates in the economy?
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The rentals for apartements have already started going down in some cities, and the same shall happen in other cities too. It is a matter of time, maybe 3 to 6 months.
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