Lease Renewal Increases

NYC Rent Guidelines Board

Leases starting or renewing Oct. 1, 2023, through Sept. 30, 2024:
1-year lease: 3%
2-year lease:
first year 2.75%; second year 3.2% of the amount charged in the first year

For the second year in a row, the mayor's RGB jacks up the rent.

Historical increases

TA statement on the 2022–2023 rent increases

Invited testimony of Tim Collins 4/26/22