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#361983 - 12/29/10 06:45 PM Do rental prices change over time?
Cool guy Offline
Major Contributor

Registered: 06/30/04
Posts: 2176
Loc: California
I own two 4 unit apartments that I bought in 09 and I have a pretty good grasp as to the rates in my area however, still new to everything. I was wondering if prices for rentals usually stay around the same, or could possibly go up or down in price.

Your thoughts.

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#361987 - 12/29/10 07:09 PM Re: Do rental prices change over time? [Re: Cool guy]
neudot Offline
Major Contributor

Registered: 11/02/07
Posts: 1960
Loc: Central New York
Rents can go up and down in price, but in my area at least, they seem to go mostly up. A good way to check on the going rates in your area is to check with Sec 8 to see how much they would subsidize for units such as yours (it will depend on # bedrooms, in part). That's not to say you want a Sec 8 tenant. Check craigslist, your local newspaper, etc. to see what others are charging for similar units.

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#362263 - 01/03/11 11:18 AM Re: Do rental prices change over time? [Re: neudot]
Alishia Offline
Member

Registered: 01/03/11
Posts: 10
Loc: Canada
Well prices goes up depends to the economic or if the owner have done something new to his/her apartment.

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#364018 - 01/19/11 03:04 AM Re: Do rental prices change over time? [Re: Alishia]
Balle Offline
Member

Registered: 01/17/11
Posts: 11
Loc: United States
Of course, rental price is change depends on the flow of the economy or depends on the other products and services that affects the rental of houses or apartments.

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#364969 - 01/28/11 12:50 PM Re: Do rental prices change over time? [Re: Balle]
firsttimers Offline
Member

Registered: 10/25/10
Posts: 20
Loc: Canda
In Ontario we are given a yearly percentage that we are allowed to increase the rents by. However when you are renting out a unit you can make the rent what ever you want.

www.realestatefirsttimers.com

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#455681 - 11/30/16 03:43 AM Re: Do rental prices change over time? [Re: Cool guy]
Patricia12 Offline
Member

Registered: 11/29/16
Posts: 13
Loc: SF
Rental rates have continued to rise year over year. The low supply and high demand make the rental market less affordable for people with small budget for renting.

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