Just got my new lease for next year… how much do rent controlled apt normally go up?

Submitted by Practical_Awareness4 t3_yiqxrp in washingtondc

Hi, I live in a rent controlled building in woodley park near the zoo. Currently I am paying 1600 for 480sqft studio. I haven’t had any issues here.. quiet no pests…

But I was surprised to see my rent go up the full maximum for next year to 1700. I am going to try to call tomorrow.

I have seen units around 1600 here still so I don’t think I’m way under market value by any means.

I can swing it for next year but i didn’t expect a 100 dollar increase yearly.

Just wondering if it’s common for this kind of increase each year or is this related to pandemic? And yes of course I do plan to buy in the future.

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Professional-Can1385 t1_iuk2gyv wrote

It can always go up the max allowed. This year the max was 6.2%. That is high. I've never had a rent increase this large in my 10 years of living here. Hopefully it goes back down in the up coming years, but it fluctuates. It's still better than not having rent control.

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DcDonkey t1_iuk2xp4 wrote

It's based off of the CPI-U. Next year's increase is looking to be even higher around and 8% increase due to how high inflation has been this year.

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Practical_Awareness4 OP t1_iuk3qfj wrote

So do rent control apts normal just bump the rent as high as they can? I see the same rent increase for month to month vs annual… I was willing to sign a longer lease for less of an increase

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[deleted] t1_iuk6jtx wrote

[deleted]

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Practical_Awareness4 OP t1_iuk8qrs wrote

My studio was not “historically low” and I don’t think there’s a harm in checking. I am not ungrateful about my situation in any way. Simply asking questions.

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CriticalStrawberry t1_iuk8zrw wrote

Capitalism has a lot of benefits, but it also has a lot of dark sides. The exploitation of something as fundamental a human right as shelter for maximized profit is one of the dark negatives.

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Professional-Can1385 t1_iuk4kqf wrote

My rent control building does not usually bump to the highest allowed. They did this year, but the voluntarily paused my 2020 scheduled rent increase before the covid pause.

You can try to negotiate with your landlord to have a lower rent increase if you sign a new lease. But it's not a given.

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PaigeJade t1_iuk1n7b wrote

It can go up a maximum of 6.2% based on this years figure, so $100 is not surprising.

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