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Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living ? whichever is lower ? over a 12-month period.
What Notice Period Is Required for Increasing Rent Prices for a Month-to-Month Tenant? The required written notice must be not less than 60 days if the proposed rent increase for a month-to-month tenant is more than 10% of the current rental price.
Landlords can raise rent by any amount they please and as often they wish, as long they provide proper written notice. Washington state law requires that landlords provide 60-day notice to tenants prior to raising their rent.
Dear [TENANT NAME(S)], As indicated in your lease, your lease at [PROPERTY ADDRESS] will end on [LEASE EXPIRATION DATE ? write in full]. Please note that the monthly rent for the above [PROPERTY ADDRESS] will increase from [OLD RENT AMOUNT] to [NEW RENT AMOUNT] effective [DATE OF NEW LEASE ? write in full].
Illinois does not have a rent control law. Therefore, your landlord can raise your rent as much as he/she deems necessary. However, you should contact your local units of government to see if your city or county has a rent control ordinance.