Voluntary Rent Guideline Increase Set at 5.8 Percent

Industry Observer with Retired

Voluntary Rent Guideline Increase Set at 5.8 Percent

Montgomery County, Maryland


Voluntary Rent Guideline Increase Set at 5.8 Percent

Under requirements of Montgomery County law, the Voluntary Rent Guideline (VRG) is updated annually to represent the prior year increase in the rental component of the Consumer Price Index for the Washington Metropolitan Area. Based on that, the VRG for Montgomery County has been set at 5.8 percent. That guideline went into effect on Feb. 24.

The VRG for 2022 was 0.4 percent.

Per the County law, a notice of rent increase must be in writing and delivered to a tenant at least 90 days prior to the effective date of the rent increase.

The limit on rent increase notices applies to all County-licensed residential rentals, including rental units in multifamily buildings, houses, townhouses, individual condominium units and accessory dwelling units.

In the absence of a formal rent stabilization mechanism, the County’s Department of Housing and Community Affairs encourages all licensed residential rentals to refrain from increasing rents by more than the 2023 VRG. The established guideline reflects the inflationary pressures of the real estate industry in the Washington metropolitan area.

For more information on the VRG, including the history of VRG increases, go to https://www.montgomerycountymd.gov/DHCA/housing/landlordtenant/voluntary_rent_guideline.html.

This is a Montgomery County, Maryland announcement.


Water Lily,  Longwood Gardens, Kennett Square, Pennsylvania USA IMG 7818
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Photograph by Roy Kelley
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Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland  

Comments (10)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Roy,

It's good to know the established guideline (VRG) reflects the inflationary pressures of the real estate industry in the Washington metropolitan area. Rents have gone up everywhere.

Mar 21, 2023 05:09 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It seems that rents keep increasing but people's income doesn't necessarily increase along with it.

Mar 21, 2023 05:19 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Roy... my initial instinct is that the cost for landlords is higher than the approved rent increase... of course, I could be wrong. 

Mar 21, 2023 05:23 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Rents seem to be out of control, but if one can't afford to own a home, and don't have family to move in with, it's the only solution.

Mar 21, 2023 07:39 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

This is important information for tenants and landlords in you community, Roy.

Mar 21, 2023 08:05 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Roy,

What works in one area may not work in another area.  Balance is so important between renters and landlords. 

Mar 21, 2023 09:13 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Roy and I just wrote a blog about rents in the Denver and surrounding area today.  Make it a good one, meatball sandwiches tonight.


Mar 21, 2023 12:46 PM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much for your comments. It is always good to hear from you.

Mar 21, 2023 12:47 PM