check your town, some have their own ordinances on the book, but its rare in bergen. I know fairlawn has a cap on increases, but most towns do not, and fall under the state law.

The state law is vague, but is intended to prevent a landlord from jacking up rent specifically to force someone to move out. 350 a month isn't going to pass the test for it, especially if the landlord can show similar market rate places that have recently rented for that.

Costs for landlords have gone up drastically, and many are still licking wounds from the pandemic\eviction freezes, and now need to factor that into their costs.