Maybe different but where I live you can certainly shop the rental market and pay less if you'll accept an older building, without modern updates. You'll have a Formica countertop not a granite one. You'll have basic appliances not stainless steel. You'll have carpet and not hardwood laminate floors. You won't have a pool or exercise room or party room. Your address won't impress anyone. But you'll pay hundreds less per month in rent.