Renting is popularly considered a cheaper alternative to buying a property in the current climate, and the growing demand among tenants has seen landlords benefit from impressive yields as first-time buyers have turned their back on purchasing.
While higher numbers of people have been looking to the private rental sector as a means to solve their housing dilemma, rent prices have increased to reflect the market trends as investors have taken advantage of the situation.
However, considering that rent levels can only reach a certain point before the issue of affordability becomes too pressing to ignore, news that they appear to be evening out could provide a sense of stability to the sector.
According to the Association of Residential Letting Agents (ARLA), the number of its members that reported increased achievable rent levels fell from 60 per cent nine months ago to 50 per cent in Q1 of 2012.
Tim Hyatt, ARLA president, said: "Our data suggests that things could be changing in the PRS as the amount being charged for rent is beginning to stabilise in some parts of the UK."
Yet despite a sense of stability appearing to establish itself in terms of rent prices, the belief is that the industry will continue to see high levels of demand among tenants and so is likely to maintain its profitability.
"There is still a huge demand for rental property in some parts of the country. Ultimately, the key challenge of undersupply has not been solved and there is still a need to provide the right housing," Mr Hyatt added.
As such, the possibility for investors to benefit from the buy-to-let sector looks set to hold strong, and many will want to ensure that their properties remain occupied in order to yield maximum returns.
Indeed, there are a wide range of measures that can be taken to reduce the chance of a property failing to realise its profit potential, and cheap landlord insurance policies can also help in this process.