Who gains and who loses from rent controls?

What will be an ideal response?

ANSWER:

Those who gain are people who live in an apartment at a rent below market level. The benefits are less if they live in their apartment because of the lower rents and would really prefer to live in an apartment with different amenities. Landlords lose income. People who want to rent an apartment but cannot find one or who live in an apartment very different from what they really want lose also.