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%
- For a one-year lease commencing on or after October 1, 2024 and on or before September 30, 2025:
- Special Guideline Maximum Base Rent (MBR): +49%