RGB Adopts New Rent Increases (10/1/22 – 9/30/23)

On June 21, 2022, the Rent Guidelines Board (RGB) approved new rent increases as follows:

• Rent Stabilized Apartment Guidelines
  • For a one-year lease commencing on or after October 1, 2022 and on or before September 30, 2023:
    • 3.25% 
  • For a two-year lease commencing on or after October 1, 2022 and on or before September 30, 2023:
    • 5.0%
• Special Guideline Maximum Base Rent (MBR):  +27%