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I think you're ignoring something important: competition.

Your statement would only be true if all rental properties were owned by a single entity or small number of colluding entities.

But in reality there is no such thing, and competition for tenants puts a downward pressure on market rents.

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True, but that’s the interesting thing about these kinds of algorithms, they align the pricing approaches so the entities act more like one than they did before, effectively decreasing competition.

I would say that pricing approaches are already aligned, and this software is just another approach that may or may not replace existing approaches in some areas. I don't see how this decreases competition, tough. A competitor can still undercut their competition to attract tenants.

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