October has commenced, and with it comes cooler weather, spooky happenings, and — in less exciting news — price increases for rent-stabilized apartments in NYC.
This June, NYC’s Rent Guidelines Board of nine mayoral appointees approved the bump in a 5-4 vote, affecting nearly 1 million residents — though the mayor himself claims to not be in favor of the move.
“While the board exercised their independent judgment, and made an adjustment based on elements such as inflation, I am disappointed that they approved increases higher than what I called for,” he said this June.
Now that the rules are in effect, here’s what renters in these units can expect.
Inside the new price hikes for rent-stabilized apartments
Per the Board, these rent adjustments will apply to rent stabilized apartments and lofts with leases commencing on or after October 1st, 2025 and through September 30th, 2026:
- For a one-year lease commencing on or after October 1, 2025 and on or before September 30, 2026: 3%
- For a two-year lease commencing on or after October 1, 2025 and on or before September 30, 2026: 4.5%
Additionally, the guidelines state, “All rent adjustments lawfully implemented and maintained under previous apartment orders and included in the base rent in effect on September 30, 2025 shall continue to be included in the base rent for the purpose of computing subsequent rents adjusted pursuant to this Order.”
If the apartment hunt gets you on edge, and understandably so, we’ll help provide some tips:
- Sign up for NYC’s first-ever rent-stabilized alert tool, Rental Reboot
- Learn how to apply for an affordable housing lottery — and win — with expert-backed insight
- Dive into the logistics behind HomeFirst Down Payment Assistance Program, which provides $100K to first-time homebuyers in NYC
Whether you’re on the hunt for a home in NYC, rent stabilized or not, we wish you the best on the journey.