New-York Rent Guidelines
Rent Guidelines for NYC Apartments
Rent Guidelines Board Order Number 56 for leases commencing between
October 1, 2024 and September 30, 2025
For a one-year renewal or vacancy lease 2.75%
For a two-year renewal or vacancy lease 5.25%;
Rent Guidelines for NYC Apartments
Rent Guidelines Board Order Number 55 for leases commencing between
October 1, 2023 and September 30, 2024
For a one-year renewal or vacancy lease 3%
For a two-year renewal or vacancy lease: For the first year 2.75%; and for the second year
of the lease, 3.2% of the amount lawfully charged in the first year, excluding any increases other than the first-year guideline increase.
Rent Guidelines for NYC Apartments
Rent Guidelines Board Order Number 54 for leases commencing between
October 1, 2022 and September 30, 2023
For a one-year renewal or vacancy lease 3.25%
For a two-year renewal or vacancy lease: 5%
Rent Guidelines Board Order Number 53 for leases commencing between
October 1, 2021 and September 30, 2022
For a one-year renewal or vacancy lease :
0% during the first six months
1.5% during the remaining six months
For a two-year renewal or vacancy lease: 2.5%
Rent Guidelines Board Order Number 52 for leases commencing between
October 1, 2020 and September 30, 2021
For a one-year renewal lease : 0%
For a two-year renewal lease : 0% in the first year:
1% in the second year
Rent Guidelines Board Order Number 51 for leases commencing between
October 1, 2019 and September 30, 2020
For a one-year renewal lease : 1.5%
For a two-year renewal lease : 2.5%
Rent Guidelines Board Order Number 50 for leases commencing between
October 1, 2018 and September 30, 2019
For a one-year renewal lease : 1.5%
For a two-year renewal lease : 2.5%
Sublet surcharge of 10%
Under State law, vacancy increases remain 20%* for two year vacancy leases, 19%* for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory Vacancy Lease Increases
(Prior Tenant Paid Full Legal Rent)
1 year vacancy lease - 19%*
2 year vacancy lease - 20%*
*With regard to vacancy allowance increases, as a result of amendments to the rent stabilization laws which took effect June 15, 2015, where the tenant who vacated the apartment was paying a preferential rent, the vacancy allowance is as follows:
5% if the last vacancy lease commenced less than two years ago,
10% if the last vacancy lease commenced less than three years ago,
15% if the last vacancy lease commenced less than four years ago, and
20% if the last vacancy lease commenced four or more years ago. The vacancy allowances are applied to legal regulated rent, not the preferential rent.
LUXURY DEREGULATION THRESHOLD:
Pursuant to the Rent Act of 2015, the Deregulation Threshold for Luxury Deregulation is increased by the amount of the one year guideline. Accordingly, the existing Deregulation Threshold for New York City becomes $2,774.75 effective January 1, 2019.
Rent Guidelines Board Order Number 49 for leases commencing between
October 1, 2017 and September 30, 2018
For a one-year renewal lease : 1.25%
For a two-year renewal lease : 2%
Sublet surcharge of 10%
Under State law, vacancy increases remain 20%* for two year vacancy leases, 19.25%* for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 19.25%*
2 year vacancy lease - 20%*
*Please note that, as a result of the changes in the State Rent Stabilization Laws effective June 15, 2015 through June 15, 2019, if a tenant was paying a preferential rent, the vacancy allowance is modified as follows: 5% if the last vacancy lease commenced less than two years ago, 10% if the last vacancy lease commenced less than three years ago, 15% if the last vacancy lease commenced less than four years ago, and 20% if the last vacancy lease commenced four or more years ago. The vacancy allowances are applied to legal regulated rent, not the preferential rent.
LUXURY DEREGULATION THRESHOLD:
Pursuant to the Rent Act of 2015, the Deregulation Threshold for Luxury Deregulation is increased by the amount of the one year guideline. Accordingly, the existing Deregulation Threshold for New York City becomes $2,733.75
Rent Guidelines Board Order Number 48 for leases commencing between
October 1, 2016 and September 30, 2017
For a one-year renewal lease : 0%
For a two-year renewal lease : 2%
Sublet surcharge of 10%
Under State law, vacancy increases remain 20%* for two year vacancy leases, 18%* for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 18%*
2 year vacancy lease - 20%*
*Please note that, as a result of the changes in the State Rent Stabilization Laws effective June 15, 2015 through June 15, 2019, if a tenant was paying a preferential rent, the vacancy allowance is modified as follows: 5% if the last vacancy lease commenced less than two years ago, 10% if the last vacancy lease commenced less than three years ago, 15% if the last vacancy lease commenced less than four years ago, and 20% if the last vacancy lease commenced four or more years ago. The vacancy allowances are applied to legal regulated rent, not the preferential rent.
LUXURY DEREGULATION THRESHOLD:
As per the Rent Act of 2015, the Deregulation Threshold for Luxury Deregulation is increased by the amount of the one year guideline. Therefore, this figure remains at $2,700.
Rent Guidelines Board Order Number 47 for leases commencing between
October 1, 2015 and September 30, 2016
For a one-year renewal lease : 0%
For a two-year renewal lease : 2%
Sublet surcharge of 10%
Under State law, vacancy increases remain 20%* for two year vacancy leases, 18%* for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 18%*
2 year vacancy lease - 20%*
*Please note that, as a result of the changes in the State Rent Stabilization Laws effective June 15, 2015 through June 15, 2019, if a tenant was paying a preferential rent, the vacancy allowance is modified as follows: 5% if the last vacancy lease commenced less than two years ago, 10% if the last vacancy lease commenced less than three years ago, 15% if the last vacancy lease commenced less than four years ago, and 20% if the last vacancy lease commenced four or more years ago. The vacancy allowances are applied to legal regulated rent, not the preferential rent.
LUXURY DEREGULATION THRESHOLD:
As per the Rent Act of 2015, the Deregulation Threshold for Luxury Deregulation is increased by the amount of the one year guideline. Therefore, this figure remains at $2,700.
Rent Guidelines Board Order Number 46 for leases commencing between
October 1, 2014 and September 30, 2015
For a one-year renewal lease : 1%
For a two-year renewal lease : 2.75%
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 18.25% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 18.25%
2 year vacancy lease - 20%
Rent Guidelines Board Order Number 45 for leases commencing between
October 1, 2013 and September 30, 2014
For a one-year renewal lease : 4%
For a two-year renewal lease : 7.75%
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 16.25% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 16.25%
2 year vacancy lease - 20%
Rent Guidelines Board Order Number 44 for leases commencing between
October 1, 2012 and September 30, 2013
For a one-year renewal lease : 2% or $20, whichever is greater
For a two-year renewal lease : 4% or $40, whichever is greater
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 18% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 18%
2 year vacancy lease - 20%
Rent Guidelines Board Order Number 43 for leases commencing between
October 1, 2011 and September 30, 2012
For a one-year renewal lease : 3.75%
For a two-year renewal lease : 7.25%
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 16.5% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 16.50%
2 year vacancy lease - 20%
Rent Guidelines Board Order Number 42 for leases commencing between
October 1, 2010 and September 30, 2011
For a one-year renewal lease : 2.25%
For a two-year renewal lease : 4.5%
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 17.75% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 17.75%
2 year vacancy lease - 20%
Rent Guidelines Board Order Number 41 for leases commencing between
October 1, 2009 and September 30, 2010
Where Heat is Provided by the Owner:
For a one-year renewal lease : 3%
For a two-year renewal lease : 6%
If the most recent vacancy lease was executed six years or more prior to the date of the renewal lease under this Order, the following shall instead apply:
For a one-year renewal lease : 3% or $30, whichever is greater.
For a two-year renewal lease : 6% or $60, whichever is greater.
Where heat is Not Required to be Provided by the owner:
For a one-year renewal lease : 2.5%
For a two-year renewal lease : 5%
If the most recent vacancy lease was executed six years or more prior to the date of the renewal lease under this Order, the following shall instead apply:
For a one-year renewal lease : 2.5% or $25, whichever is greater.
For a two-year renewal lease : 5% or $50, whichever is greater.
There is no low rent supplement
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 17% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 17%
2 year vacancy lease - 20%
Rent Guidelines Board Order Number 40 for leases commencing between
October 1, 2008 and September 30, 2009
Where Heat is Provided by the Owner:
For a one-year renewal lease : 4.5%
For a two-year renewal lease : 8.5%
If the most recent vacancy lease was executed six years or more prior to the date of the renewal lease under this Order, the following shall instead apply:
For a one-year renewal lease : 4.5% or $45, whichever is greater.
For a two-year renewal lease : 8.5% or $85, whichever is greater.
Where heat is Not Required to be Provided by the owner:
For a one-year renewal lease : 4.0%
For a two-year renewal lease : 8.0%
If the most recent vacancy lease was executed six years or more prior to the date of the renewal lease under this Order, the following shall instead apply:
For a one-year renewal lease : 4.0% or $40, whichever is greater.
For a two-year renewal lease : 8.0% or $80, whichever is greater.
Adjustments for renewal leases shall also apply to dwelling units in a structure subject to the partial tax exemption program under Section 421a of the Real Property Tax Law, or in a structure subject to Section 423 of the Real Property Tax Law as a Redevelopment Project.
There is no low rent supplement
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 16% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 16%
2 year vacancy lease - 20%
Rent Guidelines Board Order Number 39 for leases commencing between
October 1, 2007 and September 30, 2008
One Year Renewal Leases: 3.%
Two Year Renewal Leases 5.75% (If Tenant supplies their own heat then 6.75%)
There is no low rent supplement
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 17.25% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Statutory vacancy allowance
1 year vacancy lease - 17.25%
2 year vacancy lease - 20%
Rent Guidelines Board Order Number 38 for leases commencing between
October 1, 2006 and September 30, 2007
One Year Renewal Leases: 4.25% (If Tenant supplies their own heat then 3.75%)
Two Year Renewal Leases 7.25% (If Tenant supplies their own heat then 6.75%)
There is no low rent supplement
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 17% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Rent Guidelines Board Order Number 37 for leases commencing between
October 1, 2005 and September 30, 2006
One Year Renewal Leases: 2.75% (If Tenant supplies their own heat then 2.25%)
Two Year Renewal Leases 5.50% (If Tenant supplies their own heat then 4.50%)
There is no low rent supplement
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 17% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Rent Guidelines Board Order Number 36 for leases commencing between
October 1, 2004 and September 30, 2005
One Year Renewal Leases: 3.5% (If Tenant supplies their own heat then 3%)
Two Year Renewal Leases 6.5% (If Tenant supplies their own heat then 6%)
There is no low rent supplement
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 17% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Rent Guidelines Board Order Number 35 for leases commencing between
October 1, 2003 and September 30, 2004
One Year Renewal Leases: 4.5%
Two Year Renewal Leases 7.5%
There is no low rent supplement
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 17% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Rent Guidelines Board Order Number 34 for leases commencing between
October 1, 2002 and September 30, 2003
One Year Renewal Leases: 2%
Two Year Renewal Leases 4%
There is no low rent supplement
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 18% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Rent Guidelines Board Order Number 33 for leases commencing between
October 1, 2001 and September 30, 2002
One Year Renewal Leases: 4%
Two Year Renewal Leases 6%
There is no low rent supplement
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 18% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Rent Guidelines Board Order Number 32 for leases commencing between
October 1, 2000 and September 30, 2001
One Year Renewal Leases: 4%
Two Year Renewal Leases 6%
A Low Rent Supplement of $15 for rents starting at $500 or less, with no caps, and a minimum rent of $215.
Sublet surcharge of 10%
Under State law, vacancy increases remain 20% for two year vacancy leases, 18% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.
Rent Guidelines Board Order Number 31 for leases commencing between
October 1, 1999 and September 30, 2000
One Year Renewal Leases: 2%
Two Year Renewal Leases 4%
A Low Rent Supplement of $15 for rents starting at $500 or less, with no caps, and a minimum rent of $215.
Under State law, vacancy increases remain 20% for two year vacancy leases, 18% for one year leases. Add .6% per year if the last vacancy was more than eight years ago. For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100. The renewal guidelines do not apply on vacancy.