RGB Adopts New Rent Increases (10/1/24 – 9/30/25

Michael Littman, Partner

On June 17, 2024, 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, 2024 and on or before September 30, 2025:
      • 2.75% 
    • For a two-year lease commencing on or after October 1, 2024 and on or before September 30, 2025:
      • 5.25% 
  • Special Guideline Maximum Base Rent (MBR):  +49%
 
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