There was no change in the lease, number of people in the place or taking up smoking. The other apartments near there charge more than they do, so they probably thought it was time for an increase.
I think they only want dual income professionals living there.
It’s near a school and in a good school district, so they have families moving in. The houses around this area all have asking prices of at least 800K, so they feel they can justify the rent.
