After years of covering Chicago housing—from garden units in Logan Square to glass towers along the river—I’ve learned one thing: rent increases aren’t personal, but ignoring them can get expensive. If your renewal notice just landed with a number that made you double-check your glasses, take a breath. You have more leverage than most renters realize—if you know how to ask.
This is your practical, Chicago-tested renewal negotiation script, plus the strategy behind it.
Why Rent Increases Are So Common in Chicago Right Now
Chicago is a city of cycles. Neighborhoods rise, cool off, then rise again. Landlords price renewals based on trends, not loyalty.
What Landlords Are Looking At
- Comparable rents in your building and nearby properties
- Vacancy rates (especially seasonal dips in winter)
- Operating costs (taxes, utilities, maintenance)
- Whether you’re likely to move or stay
In many neighborhoods—Lakeview, West Loop, South Loop—annual increases of 5%–10% have become common. On a $2,000 apartment, that’s $100–$200 more per month.
But “common” doesn’t mean “non-negotiable.”
When You Have the Most Negotiating Power
Timing matters more than tone.
Strong Positions for Renters
- Your building has multiple vacancies
- Your lease ends between November and February
- You’ve paid rent on time for 12+ months
- You’ve renewed before without issues
- You’re willing (or appear willing) to move
Landlords would rather keep a good tenant than risk downtime, repainting, marketing, and commissions.
A one-month vacancy can cost them more than your entire requested discount.
The Renewal Negotiation Script (Use This Word for Word)
This script works because it’s calm, informed, and reasonable—very Chicago.
The Core Script
Hi [Landlord/Property Manager Name],
Thanks for sending over the renewal offer. I enjoy living here and would like to stay, but the proposed rent increase is higher than I anticipated.
I’ve looked at comparable units in the area, and based on current market pricing, I was hoping we could discuss a lower increase—or possibly keeping the rent closer to my current rate.
I’ve been a reliable tenant and would love to renew if we can find something that works for both of us. Please let me know if there’s flexibility.
Best,
[Your Name]
That’s it. No drama. No threats. No apologies.
Variations That Work (Depending on Your Situation)
If You’ve Been a Long-Term Tenant
I’ve lived here for [X] years and have always paid rent on time. I’d prefer to stay long-term rather than relocate, and I’m hoping we can adjust the renewal rate to reflect that.
If Similar Units Are Cheaper
I’ve noticed similar units nearby listed closer to [$X], which makes the increase difficult for me to justify. Is there room to align the renewal with current market pricing?
If You’re Willing to Sign Longer
I’d be open to a longer lease term (18–24 months) if that allows for a lower monthly rate.
Longer terms often unlock $50–$150 monthly savings.
What Not to Say (This Is Where Renters Lose Leverage)
Avoid these common mistakes:
- “I can’t afford this” (weakens your position)
- “Other landlords are cheaper” (without specifics)
- Threatening to move immediately
- Getting emotional or confrontational
- Ignoring the renewal deadline
Negotiation works best when it sounds like a business conversation—because it is one.
Real-World Chicago Examples
Example 1: Lakeview 1-Bedroom
- Current rent: $1,850
- Renewal offer: $2,050
- Negotiated result: $1,925
- Savings: $1,500 per year
Example 2: West Loop Studio
- Renewal increase: 10%
- Tenant offered 18-month lease
- Final increase: 4%
Example 3: Logan Square 2-Flat
- Landlord countered with free parking instead of lower rent
- Tenant saved $150/month indirectly
Negotiation isn’t always about rent alone. Look for value.
If Negotiation Fails: Know Your Next Move
If the landlord won’t budge:
- Compare the new rent to current listings
- Factor in moving costs ($1,500–$3,000 in Chicago)
- Decide whether relocating actually saves money
Sometimes the smartest negotiation move is walking—and sometimes it’s realizing the increase still beats the market.
Summary: How Chicago Renters Win Renewal Negotiations
- Rent increases are negotiable more often than advertised
- Timing and tone matter more than pressure
- Use data, not emotion
- Ask clearly and early
- Always compare before deciding
Chicago rewards renters who do their homework.
Visit TourWithAgent.com to schedule curated apartment tours in Chicago with real availability, real pricing, and an expert agent to guide you.
If your renewal doesn’t work out, knowing your options changes everything.
