I experienced this first-hand as I just signed a place a little over a month ago. Compared to what was listed the apartment we ended up with was several hundred dollars cheaper, and we competed with at least 10 other applicants for the place.
However, as I talk to more people they think we are overpaying several hundred dollars based on what they are paying for comparable units, most of which were signed around a year ago.
However, as I talk to more people they think we are overpaying several hundred dollars based on what they are paying for comparable units, most of which were signed around a year ago.