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, 2013, through September 30, 2014, the rent increase for rent stabilized apartment and lofts is:

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

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%

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.