How do you decide on rent for renewals?

[Sam Leon]

Seems like rent has risen significantly. Properties nearby that used to rent for $1800 a month are now asking $2400. One is asking $2750. I don't know if they are actually getting that but that's what they are asking.

My current tenant pays $1700. I am up for renewal in 75 days on this property.

Trying to decide how much to raise the renewal rent.

This tenant has been relative trouble free.

Advice?