Rent IncreasesNew York

Are there rent increase limits in New York?

Updated 2025-01-151 citation

TL;DR

For rent-stabilized apartments in NYC, increases are set annually by the Rent Guidelines Board. For most other apartments, there's no statewide rent cap but landlords must provide 30-90 days notice.

New York's rent increase rules depend heavily on whether your apartment is rent-stabilized.

Rent-stabilized apartments (NYC)

If you live in a rent-stabilized apartment, your rent can only increase by the amount set by the Rent Guidelines Board (RGB) each year. Recent increases have typically been:
- 1-year lease: 2-4%
- 2-year lease: 3-6%

The RGB sets new rates each June for leases beginning October 1.

Market-rate apartments

For apartments that are NOT rent-stabilized:
- There is no cap on how much rent can be increased
- However, landlords must provide written notice:
- 30 days for tenancies under 1 year
- 60 days for tenancies of 1-2 years
- 90 days for tenancies over 2 years or leases over 2 years

HSTPA protections (2019)

The Housing Stability and Tenant Protection Act added important protections:
- Landlords can no longer deregulate units through vacancy or high-rent decontrol
- Preferential rent provisions were reformed — landlords who charge below the legal regulated rent must base future increases on the preferential (lower) amount
- Major Capital Improvement (MCI) rent increases are now capped

How to check if you're rent-stabilized

  1. Ask your landlord (they must inform you if asked)
  2. Check your lease for "rent-stabilized" language
  3. Contact the NYC Division of Housing and Community Renewal (DHCR)
  4. Request your apartment's rent history from DHCR

Legal Citations

N.Y. Real Prop. Law § 226-c — Rent Increase Notice Requirements

Always verify statute citations against official state legal resources.

Need a personalized answer?

This is general information. Ask RentCounsel about your specific situation and get an answer citing the exact statutes that apply to you.

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Related Questions

Can my landlord raise my rent by more than 10% in California?

Under California's Tenant Protection Act (AB 1482), most landlords cannot raise rent more than 5% + local CPI (capped at 10% total) in a 12-month period.

What are the rent increase limits in Oregon?

Oregon limits rent increases to 7% + CPI per year for most rental units. Landlords must provide 90 days written notice. Units less than 15 years old are exempt.

RentCounsel provides legal information, not legal advice. Always consult a qualified attorney for your specific situation.