Roughly one million New York City apartments are rent-stabilized — mostly buildings of six or more units built before 1974, plus newer buildings that took tax benefits. Each June the Rent Guidelines Board votes the allowable increase for one-year and two-year renewal leases starting the following October 1 (recent orders: about 2.75–3% for one year, 5.25–5.5% for two). Stabilized tenants have the right to renew and can only be evicted on specific grounds. Since the 2019 HSTPA, apartments no longer leave stabilization by crossing a rent threshold.
Request your rent history from NYS Homes and Community Renewal (HCR); the registration shows whether the unit is stabilized and the legal rent.
The Rent Guidelines Board publishes each order at nyc.gov/rgb; it applies to leases starting October 1 through September 30.
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My Rental Spot drafts the notice, tracks the 12-month clock and updates the lease — free.
Last reviewed September 15, 2026 against NYC Rent Guidelines Board. Figures we re-check each year: RGB order for Oct 2026 – Sept 2027. General information for landlords and renters, not legal advice; local rules can add requirements.