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New York approves rent freeze for stabilized apartments

City board votes 7-1 to deliver central Mamdani campaign promise
For the first time, New York rent-stabilized tenants will see a freeze on both one- and two-year leases. (CoStar)
For the first time, New York rent-stabilized tenants will see a freeze on both one- and two-year leases. (CoStar)
CoStar News
June 26, 2026 | 5:48 P.M.

New York has approved a rent freeze for roughly 1 million rent-stabilized apartments, delivering a win for Mayor Zohran Mamdani, who made freezing rents a central campaign promise.

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