NYC Rent Guidelines Board Approves 3% Rent Increase
LIBOR offices will be closed Friday, June 19th in observance of Juneteenth.

NYC Rent Guidelines Board Approves 3% Rent Increase

Jun 27, 2023
On June 21, the New York City Rent Guidelines Board voted to approve a 3 percent rent increase for one-year leases on rent-stabilized apartments. Two-year leases will see a 2.75 percent increase in year one and a 3.2 percent increase in year two. The new rates will apply to leases effective between Oct. 1, 2023, and Sept. 30, 2024. Learn more.

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1305 Walt Whitman Road, Suite 310, Melville, New York 11747
Phone: (631) 661-4800
© 2023 Long Island Board of Realtors, Inc.
All Rights Reserved.

Web Design & Development by
Matrix Group International, Inc.

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