NYC Rent Board Approves 3 Percent Increase
By: Matthew Sedacca | Published: 2025-07-01 15:16:00 | Source: www.curbed.com
The Rent Guidelines Board approved a 3 percent increase on one-year leases for rent-stabilized apartments. As usual, no one was happy about it.
Photo: Laura Brett/ZUMA/Alamy
The Rent Guidelines Board voted Monday in favor of a 3 percent increase on one-year leases and a 4.5 percent increase for two-year leases. As usual, no one is happy.
In the 5-4 vote, both of the tenant representatives and the two landlord representatives voted against the 3 percent hike — though for vastly different, and predictable, reasons. Those representing the landlords’ interest warned the hikes weren’t high enough to address the…
