Rents have definitely gone down much more than "just a barely noticeable" amount. Yes, this is anecdotal, but I check studios and 1-bedrooms almost religiously

Rents have definitely gone down much more than "just a barely noticeable" amount. Yes, this is anecdotal, but I check studios and 1-bedrooms almost religiously on Craigslist and places in neighborhoods I check are at least 10% cheaper from what I've found compared to last year and there are far more concessions (e.g. free month of rent) than I've ever seen. I also negotiated my own rent down in my studio after my lease was up. Only 5% but kept my month-to-month.