Lease Renewal Increases

NYC Rent Guidelines Board

Historic RGB vote! Rent freeze for leases starting or renewing Oct. 1, 2026, through Sept. 30, 2027
1-year lease: 0%
2-year lease: 0%

Leases starting or renewing Oct. 1, 2025, through Sept. 30, 2026:
1-year lease: 3%
2-year lease: 4.5%

Media release following RGB vote 2024

"An Introduction to the NYC Rent Guidelines Board and the Rent Stabilization System"

Historical increases

Invited testimony of attorney Tim Collins 4/25/24 starts at 1:33:39

TA statement on the 2022–2023 rent increases