Re-grouting or "coloring" grout in shower

We own a rental condo and, on a recent review from the property management company, were told to "re-grout shower walls and floor". Tile is original from the late 70's. It is small, white tile -- very neutral and in good shape (no cracks). Ideally, I'd love to tear it out and replace, but it is not in the budget.

How easy and expensive is it to have someone regrout? Is it even going to make that much difference in the appearance.

Isn't there another option like painting the grout? Grout lines and very small though, does that make a difference?

Unfortunately, I am not there to take a picture but I am wondering what to do.....

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