People have been able to get really good deals on apartments over the past few years. But that is about to change. In the past six months, the market has shifted from the tenant having the advantage to the landlord having the advantage. The vacancy rate in apartments is 6 percent, which means 94 percent of apartments are filled right now. That rate is slowly going to decrease, though. One in three condominiums is being rented out, as well. You might not think of renting a condo, but you could find a great deal. There are advantages and disadvantages to doing this. You have no maintenance company, for example. So, getting things fixed will take longer. But there is a sense of community in a condominium complex because it is mostly owner occupied and people there care about their community. So, when one door opens another closes.