What about rent increases?

Under the terms of a lease, rents are guaranteed for the duration of the lease term.

As long as the eligible resident maintains their Stanford Affiliate status, an offer to renew their lease will be made, based on availability.  At that time the rent may be increased.

The only rent increases that are restricted are those for the BMR (Below Market Rate) homes which are a function of the agreement between Stanford University and the City of Palo Alto.