Take 1.5% and 2.5% Rent Increases for Renewal Leases

July 26, 2018
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On June 26, 2018, the New York City Rent Guidelines Board (RGB) issued an order—RGBO #50—setting the rent increases you may take for rent-stabilized tenants in New York City on leases beginning anytime on or after Oct. 1, 2018, through Sept. 30, 2019. This order’s permitted increases are the highest since 2013.

According to the order, you may take a 1.5 percent increase on a one-year renewal lease and a 2.5 percent increase on a two-year renewal lease. The board voted five in favor with four opposed to the increases.

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