Lease Renewal Cost Calculator
Estimate the total cost of renewing your lease versus moving, including rent increases, renewal fees, and associated expenses.
Moving Alternative (optional comparison)
Formulas Used
New Monthly Rent = Current Rent × (1 + Rent Increase % ÷ 100)
Total Rent (Renewal) = New Monthly Rent × Lease Term
Extra Rent Due to Increase = (New Monthly Rent − Current Rent) × Lease Term
Pet/Other Fees (prorated) = Annual Fees × (Lease Term ÷ 12)
Total Renewal Cost = Total Rent + Renewal Fee + Additional Deposit + Prorated Fees
Net Upfront Moving Cost = Moving Cost + New Deposit − Deposit Returned
Total Moving Cost = (New Monthly Rent × Lease Term) + Net Upfront Moving Cost
Net Savings (Renewing vs Moving) = Total Moving Cost − Total Renewal Cost
Assumptions & References
- Rent increase is applied uniformly for the entire new lease term.
- Pet and other annual fees are prorated linearly over the lease term.
- The additional security deposit is treated as an upfront out-of-pocket cost (not returned in this comparison period).
- Moving cost comparison assumes the same lease term length for both options.
- No time-value-of-money (discounting) is applied; all figures are nominal.
- Typical U.S. lease renewal fees range from $0–$500; renewal increases average 3–8% annually (Apartment List, 2023).
- Average local move cost: $800–$2,500 (American Moving & Storage Association).
- Security deposit laws vary by state; consult local tenant rights resources.