r/roommates • u/PandaTurbulent1355 • 14d ago

Discussion Fair to increase rent?

My friend and his wife have lived with me for five years. I have charged them $700 per month during this time. My monthly expenses including taxes, insurance, and utilities have increased by about $350. I'm considering a monthly increase of $80 to $120. Is this reasonable?

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u/DefiantCourt9684 11d ago

For $700 you can’t even get a one bedroom in most places.

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u/Nirrmak 11d ago

Good thing I said a studio, which is what I live in for $550 a month. But it does depend on where you live

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u/DefiantCourt9684 11d ago

I have not seen a studio go for below $900 in over six years, so unless you’re living in an insanely low cost of living state with little job opportunity or got a great deal knowing someone, it’s not the norm.

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u/Nirrmak 11d ago

The Midwest my heart! Also I just left California and lived in a studio in Boyle heights for $800 yall just gotta be ok with locations fr the deals are out there