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Frequent Contributor
Posts: 141
Registered: ‎09-14-2014

Is a 5% rent increase a normal amount? Thank you.

Honored Contributor
Posts: 18,044
Registered: ‎10-04-2010

Ask the manager.

 

Respected Contributor
Posts: 2,820
Registered: ‎03-09-2010

We have seen 20% increases in my area.  There is a housing shortage with so many people moving here so a lot of places feel that it's justified.

Respected Contributor
Posts: 2,868
Registered: ‎03-09-2010

Here in Arizona, a 5% increase is a bargain. Renters have been complaining about their rent increasing 20 to 30%.

Respected Contributor
Posts: 2,456
Registered: ‎02-14-2017
Yes
Respected Contributor
Posts: 3,048
Registered: ‎06-15-2015

@May5 wrote:

Is a 5% rent increase a normal amount? Thank you.

 

 

@May5 

 

Any price increase below the rate of inflation?  Sounds like a bargain to me. If only I could control the increases of my Property Taxes, mostly going to idiots to throw away more money to school board members that don't know what the word "budget" means. Why? They are from the top end that never had to set one.

 

Sign it while you still can,

 

 

hckynut(john)🥅🏒  🇺🇸


 

hckynut(john)
Honored Contributor
Posts: 12,510
Registered: ‎03-15-2014

I don't know where you live but, considering the times, 5% sounds like a good deal.  I would renew it for several years, if possible.

Respected Contributor
Posts: 2,573
Registered: ‎03-13-2010

Nothing is normal anymore.
Mine was increased by 7% this year and by 3% last year. Probably depends on the area you live in, but rentals are going crazy here - used to be very reasonable. I think they are raising them a ridiculous amount because they can, not just because costs have went up that much. 

Honored Contributor
Posts: 8,773
Registered: ‎05-15-2016

That's a very generous landlord.  Definitely very very reasonable. 

Valued Contributor
Posts: 618
Registered: ‎06-08-2021

Probably trying to make up the large sums of money they lost during the pandemic when people didn't have to pay rent.......