New York City Rent Increase

If you live in a rent stabilized apartment or loft, you can get information about the amount a landlord can increase your rent. For leases beginning between October 1, 2014, through September 30, 2015, the rent increase for rent stabilized apartments and lofts is:

  • 1-year lease: 1%
  • 2-year lease: 2.75%

New York City Rent Guidelines Board (NYCRGB) does not regulate rent increases for Market Rate apartments because they are privately owned. Rental rates and lease terms are negotiated between the owner and tenant.