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Free tool
Rent increase calculator for apartment owners
Enter your base rent, required monthly fees and the increase you are considering. See the new all-in rent you can advertise in Nevada, the income it adds, and where it lands next to the Reno market.
What the numbers mean
A rent increase changes more than the lease. Under Nevada AB 121, the rent you advertise has to include every required monthly fee, so the number residents see is base rent plus those fees. This tool builds that number line by line, so a new fee or a higher base rent shows up in the all-in rent right away.
The income figures multiply the increase by the units you enter. They assume every affected home pays the new rent, so treat them as the ceiling, then use the renewal rate to see what a gentler increase on existing residents gives up.
The Reno comparison uses the latest average effective rent from ALN Apartment Data. It is a market-wide average for conventional properties, a useful reference point and not a verdict on your building.
Want rents set on real comparables?
Send us your rent roll. We will show you where each floor plan can price and what it does for your income.
Questions
Rent increase calculator questions
How does this rent increase calculator work?
This rent increase calculator takes your current base rent, applies a percent or dollar increase, and adds the required monthly fees you list to show the all-in rent you would advertise. It then multiplies the increase by the units affected to show added income per month and per year.
What does Nevada AB 121 mean for advertised rent?
Nevada AB 121 (NRS 118A, effective October 1, 2025) requires the advertised rent to be one figure that includes every mandatory monthly fee. Only electric, gas or water charges may be billed separately, and they must be disclosed. Confirm how it applies to your property with your attorney.
Which fees belong in the all-in rent?
Any fee a resident must pay every month, such as trash, pest control or a technology package, belongs in the advertised rent. If a charge is for electric, gas or water billed on its own, tick the box on that line and the calculator keeps it out of the total.
Should renewing residents get a different increase?
Many owners set a smaller increase for renewals than for new leases, because a move-out costs a vacant month, make-ready work and marketing. Enter a renewal increase to see both side by side and what the difference is worth over a year.
Why compare my rent with the Reno average?
The comparison shows where your new all-in rent sits against the latest average effective rent for conventional Reno apartments from ALN Apartment Data. It is a market-wide average, so weigh it against homes of your size, age and finish.
Should I enter the increase as a percent or in dollars?
Use whichever way you set rents. Percent scales with each home's rent, while a flat dollar amount is simpler to communicate. The calculator shows the other figure either way, so you can see the percent and the dollars.
Can Next Level help set rents and run the numbers on my building?
Yes. We price communities across Reno using rent rolls, comparable properties and current availability. Send us your rent roll and we will show you where rents can go and what it does for your income.
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