New York City renters just received something almost unheard of in one of America’s most expensive housing markets. No rent increase. Beginning October 1, rents are frozen for approximately 1 million rent stabilized apartments across the five boroughs. The New York City Rent Guidelines Board approved a 0 percent increase for both one year and two year leases beginning between October 1, 2026 and September 30, 2027. For tenants facing some of the highest housing costs in America, that is…
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New York Just Froze the Rent for 1 Million Apartments. Landlords Say the Bill Still Has to Be Paid.
New York’s rent-stabilized apartments face a 0% rent increase for leases beginning October 1, 2026. Landlords say expenses keep climbing.
