Why do prices sometimes vary for similar apartment units within the same building?
Landlords may assign different price points for units within the building, even if they are basically the same unit as others within the building. One major reason for the difference is the units location. For instance, a unit next to a major amenity, such as a laundry room or swimming pool, may have a higher rental rate than one on the opposite end of the building. Often times rental rates will also vary depending on the floor. Top floor units are usually more desired, especially if the building has an elevator, and therefore may be priced higher. If the building does not have an elevator, however, the lowest level could be in higher demand. A higher priced unit may also have had more recent improvements, such as newer carpeting or appliances. Landlords also will often offer lower rental rates in period of low demand to fill the vacancies.
