Rents are like seats on a plane

We toured an apartment complex a few weeks ago and an apartment manager told us . . .


Rents are like seats on a plane.  When the plane is full, ticket prices go up.  When the plane is empty, ticket prices go down.  When we have a lot of vacancies, you'll see specials.


It's a common sense observation about the price of rent at any apartment complex.  It's something to keep in mind if you are looking for a new apartment or even if you are anticipating a renewal notice from your current landlord.