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On June 21, the NYC Rent Guidelines Board (RGB) voted to raise rents on rent-stabilized apartments. In a 5 to 4 vote, the RGB adopted guidelines for Rent Guideline Board Order (RGBO) #55, which sets the rent increases you may take for rent-stabilized tenants in New York City on leases beginning anytime on or after Oct. 1, 2023, through Sept. 30, 2024. According to RGBO #55, you may take a 3 percent increase on a one-year lease. And two-year leases get a 2.75 percent increase in year one and a 3.2 percent increase in year two.
