Lease Renewal. What is the standard rent increase rate (1%, 3%, 5%, etc)?

[Alex Molina]

Hello, 
I have a rental in New Haven, CT (3 Beds/1bad). It's currently renting for $2095 and the tenants are going to complete their first year in the property and intend to do a lease renewal. According to my property manager, the market rent is $2,100 at this current moment. They suggested an increase to $2,125 which is approximately a 1% increase.