What is a normal/typical/fair rent increase?

I have a question regarding rent increases with lease renewals. What is normal/typical/fair?
(i.e. 2-3% of base rent?, 6-10%? etc). Thank you!

No increase. I lease mine at market rent
Therefore I don't have to worry about them moving out over a $10-$30 increase on rent. Even though they will pay more to relocate they still see it as a high increase. Making them want to move.

Depending on if you are on price optimizer system some of mine have been as low as 1% to bring up the renewal to current market but others have been at 28% . Also depends on your market and demographics- cost of living raises average 3% now but social security has not seen an increase in awhile .

depends on occupancy and how far below they are on market.

Anyone who suggests more than a 10% increase to bring them up to market is smoking crack.
In this economy I challenge you to find me any company/industry that is giving YEARLY raises of 5%+ let alone anywhere near 10.
I understand needing to match the market or depending on your ownership/occupancy/cash flow/mortgage situation slightly following the market... But this notion that the average human being in this country can afford the absolutely insane rent increases that most owners seem to think are appropriate/realistic is bullshit.
If a current tenant, who pays their rent on time and isn't the source of headaches or causes damages is willing to renew with a 2-4% increase you'd be a fool to not jump on that. If you need to raise them more than that to cover the properties costs I would argue that the asset isn't operating as efficiently as it could.

As much as the market will bare! Seriously, I look at market rents and then factor in vacancy loss and turn costs. 1 month of vacancy is 8% of you NOI for that unit, lump that with make-ready costs and in most cases it’s cheaper to keep them in.
Sometimes, they are just too far below market and they have to go. In those situations, I generally have a face to face meeting and explain the economics. Delicate and gentle conversation. Give them adequate time to find housing and or figure out what they can afford. I do everything I can to keep them in the unit, usually better for all...

I would recommend looking at your exposure. If you have 10 NTV's I wouldnt be aggressive with increases. When we are aggressive I give the Managers some bargaining power.

Generally our are 1.5 - 3%. Typically a $1400 1-bedroom sees a max $45 increase.

Depends on market. I've seen 10% - 13% in some markets, 8% - 9% in others and 4% - 5% in soft markets or where expiration management by the team has been poor.

Depends as well on whether the rental arrangement is Multifamily or private (such as an individual renting out their home).

Depends on market, but on the north shore of Boston we're seeing 3-4.5%. At my property I'm doing a 2.25% increase because they were rented at market already

4% is pretty normal

Depending on market 3-5%

4% for 12 month renewals and 6% for shorter renewals, unless of course they're already at market.

Depends on the property, location, condition, market and laws. As a portfolio manager, I have to evaluate too many variables to give you a clear cut answer... but the best answer I can give you is, What will the market bear without vacating? I suggest you start doing weekly market surveys of your area, to know determine your answer.

3%

I am doing 5% currently I have a property that we r renovating and so far so good and I’m only offering new blinds and a cpt clean on below mkt move up to mkt I’ll renovate ur entire unit they r happy with 5% as they see all we have done to date

What is the market doing around you? 5% is the norm.

I thought it was 3%?