On June 25, 2026, New York City's Rent Guidelines Board approved a proposal by Mayor Zohran Mamdani for a two-year rent freeze on 1 million rent-stabilized apartments. The decision, which passed with a 7-1 vote, affects apartments in buildings constructed before 1974 and those receiving certain tax incentives. The rent freeze will take effect starting in October.
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New York City Rent Guidelines Board Approves Two-Year Rent Freeze
The New York City Rent Guidelines Board has approved a two-year rent freeze for 1 million rent-stabilized apartments, following a proposal from Mayor Zohran Mamdani. The board's decision, made on June 25, 2026, will impact apartments in older buildings and those with specific tax breaks, beginning in October.
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Mamdani’s rent freeze passes for 1 million units
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New York City Rent Guidelines Board Approves Two-Year Rent Freeze