10% rent increase

Hello! I need advice as to whether my rent increase is a good deal. We have been living here since Aug 2025.

My partner and I currently pay £1,500 pcm plus bills for a one bed apartment near London Road between us.

They offered 10% increase to £1,650pcm, fixed rate for 2 years from August.

We love the flat and it’s a perfect area for us both. The flat is a great size and really functional and we have decorated it a lot. Tbh we can’t really afford if the price increase but would much rather stay.

We keep the flat in lovely condition and have only had to flag one issue & passed any inspections with flying colours. We have a good relationship with the landlord and estate agents.

Is this a fair price increase or is this quite steep? I think we could stretch to £1,575pcm