How the Florida Real Estate Market Effects the Apartment Rental Market

More specifically, how the SOUTH Florida rental market is effected by the real estate market.  In South Florida with the large amount of condos available for sale it has an obvious effect on rent rates.  Place like FT Lauderdale and Lauderhill have a large amount of condos and, thus, apartment for rent.  So, if you are looking for an apartment for rent in ft lauderdale then you should be able to negotiate on the rent.