New York has approved annual rent increases for about 1 million rent-stabilized apartments for the fourth straight year. The move comes as both landlords and tenants contend with inflation and other economic pressures, and the city’s Democratic mayoral front-runner has made freezing rent a key campaign pitch.
New York approves stabilized apartment rent increases for fourth straight year
Move comes as Democratic mayoral front-runner promises freeze
By Andria Cheng
CoStar News
July 1, 2025 | 8:03 P.M.
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