The Liverpool skipper has two matches remaining of a 17-year career with the Reds before he leaves for a new challenge at the Los Angeles Galaxy, and is set to play his final match at Anfield against Crystal Palace on Saturday evening.
His departure is certain but there is far less clarity around the future of 20-year-old England forward Sterling, who is set to consider his options in the summer after rejecting a £100,000-a-week deal earlier this season
Gerrard believes the decision should be a simple one.
"For me, I am always going to be biased towards this club," he said
"My advice to Raheem is he needs a manager who is going to play him, to coach him, to believe in him. I think there is no one better for him than Brendan Rodgers.
"I think he should sign a new deal. Brendan is a fantastic man manager, he puts a lot of time and effort into every player in the squad.
"The danger for younger players is they want it all too soon and go to another club and just become a number."
Source: PA