2024 Allowable Rent Increase

Posted by on Aug 16, 2018 in Industry Info/News | 0 comments

2024 Allowable Rent Increase

Previous Maximum Rent Increases

The following table outlines the maximum allowable rent increases for the past few years:

20243.5%
20232.0%
20221.5%
20210.0%
20202.6%
20192.5%
20184.0%
20173.7%
20162.9%
20152.5%
20142.2%
20133.8%
20124.3%
20112.3%
20103.2%
20093.7%
20083.7%
20074.0%
20064.0%
20053.8%
20044.6%

Landlords may not retroactively apply a rent increase. If a landlord did not issue a rent increase in the previous year, or issued a rent increase that was less than the amount allowed by law, they cannot later apply a rent increase to catch up.

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