What is the rent increase calculator — monthly & annual cost?
In short
A 5% rent increase on $2,000/mo raises your monthly cost by $100, your annual cost by $1,200, and adds $1,200 to a 12-month lease. Average U.S. rent increases in 2024 were 3–5%. Many cities cap rent increases at 3–8% annually.
Calculates the exact dollar impact of a rent increase — new monthly rent, monthly increase, annual increase, and total extra cost over the remaining lease.
How to use this calculator
- 1Enter your current monthly rent.
- 2Enter the proposed rent increase percentage.
- 3Enter months remaining on your lease to see total extra cost.
The formula
- R
- — Current monthly rent
- p
- — Increase percentage
- m
- — Months remaining
Worked example
The scenario
$1,800/mo rent, 7% increase, 10 months remaining on lease.
The result
New rent = $1,926. Monthly increase = $126. Annual increase = $1,512. Extra cost over lease = $1,260.
Common use cases
- Evaluate whether to renew or look for a new apartment.
- Budget for an upcoming rent increase.
- Compare the cost of moving vs. staying.
- Negotiate with your landlord with data.
Limitations & assumptions
- Does not account for moving costs, security deposits, or first/last month rent.
- Local rent control laws may limit maximum allowable increases.
- Moving has one-time costs that may offset rent savings.
- Utilities and other costs may differ in a new location.
Frequently asked questions
Disclaimer: KalkWise calculators are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Results are estimates based on the figures you enter and the assumptions described above. Actual outcomes will vary. Consult a qualified professional before making financial decisions.