Can a landlord increase your rent above the current market asking price?

Asked almost 2 years ago - Chicago, IL

My lease will be up for renewal early next year. I am currently paying $5 less than the high end range for the apartment. Could be rent be legally increased beyond $5.

Attorney answers (2)

  1. Emma Lee Scott

    Contributor Level 13


    Lawyers agree


    Answered . Unless you're in a public housing unit or government subsidized unit, there is no legal limit to the amount a landlord can charge. Typically, they'll charge what the market will bear.

    If they offer you a renewal at a rate you're unconfortable with, you're under no obligation to accept. On the other hand, they're under no obligation to offer you a renewal.

    This answer is intended as informational only, and does not constitute legal advice or form an attorney-client... more
  2. Adam J. Lysinski


    Contributor Level 9


    Lawyer agrees


    Answered . I agree, additionally keep in mind that you have no obligation to renew, just like the landlord has no obligation to keep the rent at a certain price or renew the lease. I encourage you to treat this practically, and consider all factors such as moving costs, etc. Good Luck.

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