Update to Rent Guidelines Board article about proposed range for next year’s rent increases

By Téa Kvetenadze | New York Daily News

May 27, 2025

The Rent Guidelines Board lowered the range of potential rent increases for some 2 million New Yorkers in an unusual redo vote Tuesday…

The board reduced the proposed range of increases for rent-stabilized tenants with two-year leases to a span of 3.75% to 7.75%, down from the 4.75% minimum they passed last month. One-year leases remain unchanged with a range of 1.75% to 4.75%.