The city\u2019s Rent Guidelines Board is set to take a final vote Thursday night on potential lease adjustments for around 1 million rent-stabilized apartments.<\/p>\n
The meeting, scheduled for 7 p.m., will be held at El Museo del Barrio on Fifth Avenue between East 104th and 105th streets in Manhattan, with doors opening at 6 p.m. Members of the public can attend in person, but officials said noisemakers will not be permitted in order to prevent disruptions.<\/p>\n
What You Need To Know<\/p>\n
Rent Guidelines Board meets Thursday at 7 p.m. for final vote on rent changes
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The board previously set preliminary range of 0%\u20132% for one-year leases and 0%\u20134% for two-year leases
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About 2.4 million New Yorkers live in rent-stabilized housing<\/p>\n
The vote comes after weeks of public hearings<\/a> in which tenants and property owners sharply disagreed over whether rents should remain flat or increase.<\/p>\n Last month, the board signaled that it was considering a possible rent freeze<\/a>. Members voted for a range of 0% to 2% increases on one-year leases and 0% to 4% increases on two-year leases signed on or after Oct. 1.<\/p>\n A majority of the nine-member board \u2014 six members \u2014 were appointed by Mayor Zohran Mamdani, who campaigned on a promise to freeze rents<\/a> for stabilized tenants across the city. About 2.4 million New Yorkers live in rent-stabilized units.<\/p>\n Tenants have repeatedly called for a rent freeze, warning that even modest increases could push longtime residents out of their neighborhoods.<\/p>\n Property owners, meanwhile, argue that frozen rents would make it harder to maintain aging buildings amid rising labor and maintenance costs. The 2026 Rent Guidelines Board price index<\/a> found that the cost of operating buildings containing rent-stabilized units increased by 5.3% this year.<\/p>\n