Why Does Rent Go Up. Ad Search for Airport rentals. This tactic is often used when the rental market isnt as promising as expected.
Understanding why apartment prices fluctuate can help you find the best deal when looking for an apartment. Now granted a good property owner should be able to keep costs in line. Landlords may decide to increase their rental prices in order to match market rates to pay for property maintenance or improvements to accommodate tax increases or simply to increase their profits.
There is too much free-riding in this economy.
Rental rates vary from building to building and the same is true of rent hikes. As unfortunate as it may be rent increases are common and many tenants expect some kind of increase every time their lease comes up. When the economy gets bad as in rust belt cities with declining populations rents go down. But the cost of renting is also subject to the cost of living.