State
Rent
Photo: Andre Carrotflower · CC BY-SA 4.0
Where do you stand?
Limit
Not sure
Don’t limit
Photo: Andre Carrotflower · CC BY-SA 4.0
New York should limit how much landlords can raise rents.
Politician
Stance
KH
Kathy C. Hochul
G
Limit
BB
Bruce A. Blakeman
G
Not on record
LJ
Letitia A. James
A
Limit
SK
Saritha Komatireddy
A
Not on record
TD
Thomas P. DiNapoli
C
Not on record
JH
Joseph Hernandez
C
Not on record
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You
Where do you stand?
Limit
Not sure
Don’t limit
The issue
Whether New York should cap how much landlords can raise the rent each year.
In June 2026, New York City's Rent Guidelines Board voted 7-1 to freeze rents for about 1 million rent-stabilized apartments on leases starting Oct. 1, 2026. It is the first time since the board began in 1969 that both one- and two-year leases were set at 0%.
Limit
Rent limits keep costs predictable, so working families, older tenants, and longtime neighbors are not pushed out when the market spikes.
Don’t limit
When rents can't keep up with rising costs, owners put off repairs and builders build less, which deepens the housing shortage.
Good to know
1
NYC's rental vacancy rate was 1.4% in 2023, the lowest since 1968. For apartments under $2,400 a month, it was below 1%. Source ↗
2
The board's own index found operating costs for stabilized buildings rose 5.3% this year. Source ↗
3
About 2.4 million New Yorkers live in rent-stabilized apartments. Source ↗
Words to know
Rent-stabilized
An apartment where a city board, not the landlord, sets how much the rent can go up each year. About 1 million NYC apartments are covered.
Rent Guidelines Board
A nine-member board appointed by the mayor that votes each year on rent increases for stabilized apartments.
Latest
amNewYork
Rent Guidelines Board votes to freeze the rent, fulfilling Mamdani campaign promise
2026-06-25
↗
NY1
Rent Guidelines Board freezes rents, marking win for Mamdani
2026-06-25
↗
NYC Dept. of Housing Preservation and Development
New York City's Vacancy Rate Reaches Historic Low of 1.4 Percent
2024-02-08
↗
amNewYork
Rent Guidelines Board votes to freeze the rent, fulfilling Mamdani campaign promise
2026-06-25
↗
NY1
Rent Guidelines Board freezes rents, marking win for Mamdani
2026-06-25
↗
NYC Dept. of Housing Preservation and Development
New York City's Vacancy Rate Reaches Historic Low of 1.4 Percent
2024-02-08
↗