My landlord significantly raised our rent, so I did some math. How am I supposed to afford this?

My landlord emailed all of his tenants and said that due to inflation, everyone needs to pay 300$ more a month. I asked for a new lease and he agreed to hold off on the price increase for a year. I will be moving when the current lease ends.<br><br><br>I was in the process of renewing my lease, so I decided to crunch some numbers to see how much I pay each day, week, and year.<br><br><br>- My rent is $600/mo<br>- My utilities are $105/mo<br>- I have to pay for my own trash and recycling (because we live in a non-residential area). This is $24/mo<br><br><br>So, I pay 729 monthly for rent and utilities.<br><br><br>Rent and utilities, over the past 10 years, cost me over $87,000.00.<br><br><br>To calculate how much it costs me to live there per day, I used 30-day months.<br><br>730/mo / 30 = 24.33/d so the daily cost to live there is $24.33.<br><br><br>Using a 4-week month (just for estimation) 730/mo / 4 = 182.50/wk so the weekly cost is $182.50<br><br><br>My cost to live there per year is what really hits hard, though. I pay 730/mo \* 12 = 8760 so it costs me $8760 a year to live in a one-bedroom apartment.<br><br><br>Doing some quick math with the rent increase of $300: $930 - 730 = 200 more a month<br>930 \* 12 = 11,160.00<br><br><br>This, to me, is absurd.