Why would the landlord choose to rent at below market rates? I think we've drifted from the question of whether the rental apartment market is competitive. If

Why would the landlord choose to rent at below market rates? I think we've drifted from the question of whether the rental apartment market is competitive. If a landlord chooses to consistently rent below market rates, for whatever foolish reason, then they'll probably wind up selling the building to someone who knows what the market rate is. It might take a while, but it'll happen eventually.