After that you look in your neighborhood for similar type of buildings that offer the same types of apartments (number of BR/BA, Size, etc. ) You may also want to call them and ask if they offer any incentives at that time, such as free rent, etc. This way you will have a good picture of what to expect if you had to rent a new place and can decide if it makes sense to extend your current lease.
The best thing to do is to contact a real estate professional that will run a Comparative Market Analysis report for you. This will give you all information on similar units in not only your building but area as well.
The best way would be to contact a real estate agent who will run a comp report for you of similar apartments on the market in your area. I specialize in your area, and am available to speak if you would like to discuss - 917-727-1456, email@example.com
Just study the market and make a calm logical decision. If you're a 4 yr tenant who consistently pays on time they probably prefer to keep you. Turnover does cost them money. So a little negotiation might be possible as well.
Than i would also suggest looking around on propertyshark.com and streeteasy.com for checking other apartments comparable to yours in your neighborhood.
If interested in more help feel free to contact me
firstname.lastname@example.org(best option) or 718-344-5562
Licensed Real Estate Salesperson
1. Cost of moving
2. Security deposit(s)
3. Your time
4. Reconnect of utilities
5. Packing and moving materials
When you net this out could be less expense to stay.
Rent values is individual based on property owner expenses. If taxes, insurance, repairs were increased that is a reduction in net profit of the owner.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors