How this number is made
A renewal letter is a percent on the current rent. This page turns that percent into dollars per month and per year.
- Use the rent in the current lease.
- The increase is the landlord’s percent, not inflation, unless they happen to match.
Formula
New rent = current × (1 + increase). Extra per year = the monthly difference × 12.
Worked example
With the figures already in the form, rent after the increase is $1,890.00.
Questions
Is there a legal cap?
Only where a state or city says so. This page does not know your lease or your local rent rule.
Should I compare it with moving?
The extra per year is the number to set next to a moving truck, a deposit, and a new lease’s starting rent.