Grant’s direct answer
Grant treats under roughly 3% as potentially reasonable if the renter likes the property, though he would still negotiate. Around 3%–5% is a range where he would seriously compare alternatives, and above 5% makes shopping the market especially important. Those percentages are practical guides, not universal rules. A 4% increase may still be excellent if market rents have risen much more, while a 2% increase can look weak if comparable apartments are offering large specials. Compare the real market, not just the percentage.
Explore related apartment guides and city and neighborhood information. Rental prices, availability, office locations and incentives can change; confirm time-sensitive details before making a decision.
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- How Should a Renter Negotiate an Apartment Lease Renewal? · Editorial source guide
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