I've rented at the same Phx, AZ apartment complex for 22 YRS! Complex was sold for many millions last year. My rent went up $200 (1 BD/1Bath) then.
This year I have reason to believe my rent is going up $600/month!!!
I'm not going to argue or complain as if I do they may not offer me a new lease at all AND in this area there is NOWHERE for me to go for less $$$. That's how CRAZY rental prices are here.
I have $$$ reserves that I will have to start using to pay for this astonishing increase. I have no choice and it does keep me up nights!