Almost all of the rent that tenants pay to landlords of apartments buildings is economic rent.

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Economic rent refers to the payment to a factor of production (like land) in excess of what is needed to keep it in its current use. While some portion of the rent tenants pay can be considered economic rent, especially in high-demand areas, not all of it is. A significant part of the rent goes towards covering the landlord's costs such as maintenance, property taxes, mortgage payments, and improvements.

Almost All of the Rent That Tenants Pay to Landlords