The phrase "apartment rents" refers to the amount of money that people pay on a regular basis to live in an apartment or rental property. Full definition
The one bedroom apartment we rented in the end was very bright, clean and well managed by its owners. (indefiniteadventure.com)
Moreover, the city is booming due to the convention, tourist, and tech industries, to the point that even very small apartments rent for thousands of dollars a month. (firstthings.com)
Average apartment rents are projected to rise 3.7 percent this year and 3.6 percent in 2016. (nar.realtor)