Nyc Rent Increase 2024. On april 30, 2024, the rent guidelines board released proposed guidelines for rent stabilized homes. Landlords must provide advance notice if the rent is set to increase by 5% or more.
The answer is the rent guidelines board (rgb), a group of nine people — all appointed by the mayor — who annually evaluate where rent increases should land. A new york city panel approved rent increases for almost one million stabilized apartments on monday evening.