New York City Rent Increase Information

The City provides information about the amount a landlord can increase rent for a tenant in a rent stabilized apartment or loft.

For leases beginning between October 1, 2012, through September 30, 2013, the rent increase for rent stabilized apartments and lofts is:

  • 1-year lease: 2% or $20, whichever is greater
  • 2-year lease: 4% or $40, whichever is greater

For leases beginning between October 1, 2013, through September 30, 2014, the rent increase for rent stabilized apartment and lofts is:

  • 1-year lease: 4%
  • 2-year lease: 7.75%

The City does not regulate rent increases for Market Rate apartments as they are privately owned. Rental rates and lease terms are negotiated between the owner and tenant.