I can’t imagine how much it has to suck for renters these days... with all the demand from people losing their homes... ouch.
In my area there are a ton of rentals (a lot of them homes that the owners could not sell and bank repos). In addition, the apartment complexes are all advertising free first month's rent, and all kinds of other enticements.
I have family in Florida that see the same thing - only more so. In those cases there are whole subdivisions and condo buildings that didn't sell. They are all for rent. Even the ones that are selling are mostly selling as rental investments. One brand new condo building in their neighborhoood went to Section 8 in order to get it rented.