New York State

Rent Increases

Market-rate apartments generally have no fixed rent cap, although increases above 5% require advance written notice and some apartments are protected by Good Cause Eviction. Rent-stabilized increases are set annually by the NYC Rent Guidelines Board: leases beginning Oct. 1, 2025–Sept. 30, 2026 allow 3% for one year and 4.5% for two years; leases beginning Oct. 1, 2026–Sept. 30, 2027 allow 0% for both one- and two-year renewals.