Check In - What's your rent payment?

My apartment decided to raise the rent so I'm curious, what is your rent payment? How many bed/bath? What area? I say area because I am sure no one wants to disclose super precise locations but maybe state at least?

I know my rent is reasonable and I'm going to stay regardless. But normally they only raise it $50 every 12 months. This time it was $160 and I am so upset. UGH

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robertsnj · 56-60, M

@HellsBelle I guess i am DQ--have a mortgage but I would say if your rent increase outpaces inflation you are being price-gouged Take 160 as a percentage of your current rent. If that is a higher number than the overall inflation rate (wich is about 3 percent) than the renter tacked in extra costs outside of "rising costs from inflation"

I am not sure if there is anyting renter can do about this. but it feels like you probably are being price gouged at 160

on a seperate note rent should match the GDP of the city in an index format. If you google the GDP of your metro (or town) you can index and benchmark it against average rent rates nationwde to see how reasonable your rent is given your local economy . Of course you have to adjust for size of your place and location (downtown vs outskirts of town)

the google search terms would be:
1) (insert city) rank for GDP USA
2) avg rent for (type of apartment ) in USA at (insert location example downtown)

contrast 1 and 2 from your situation to national averages.