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Home rents - and prices of freehold properties - are subject to demand and supply and other market conditions - and that s why it should be left to the market forces to decide. That is unless things get out of hand due to drastic changes that affects the tenants and regulators must step in.
That’s the way real estate market functions where the market has achieved high degree of maturity. In those countries, rent laws are formulated to protect tenants rather than the landlords. Usually, the tenants outnumber landlords, and who are perceived to be well off on their own. Therefore, rent laws in the developed markets are seen as tenant-friendly.