It's the smaller of 7.5% or the average of the last 5 yearly city board increases.
From N.Y. Rent Control Law, read Oct 6, 2026.Show the law
“Now, a landlord is limited to increasing a rent-controlled tenant’s rent by the average of the five most recent Rent Guidelines Board annual rent increases for one-year lease renewals, or 7.5% (whichever is less)”
This page covers state law only. Cities with their own rules have their own pages.
New York lawDepends on the building
NY rent control increase limit
How much can my rent go up?
Max 7.5%, or less.
It's the smaller of 7.5% or the average of the last 5 yearly city board increases.
Depends on the year the building was built.
Who it covers
Buildings built before Feb 1, 1947.
The law, word for word
“Now, a landlord is limited to increasing a rent-controlled tenant’s rent by the average of the five most recent Rent Guidelines Board annual rent increases for one-year lease renewals, or 7.5% (whichever is less)”
N.Y. Rent Control Law · ag.ny.gov · Retrieved Oct 6, 2026
New York lawDepends on the building
NY rent stabilization (Rent Guidelines Boards)
How much can my rent go up?
A board sets the limit each year.
For stabilized apartments, building upgrade charges are capped at 2% per year.
Depends on the year the building was built or the number of units.
Who it covers
Buildings built before Jan 1, 1974.
Buildings with 6 or more units.
Exemptions: Units deregulated before June 14, 2019 remain deregulated.
The law, word for word
“Maximum rent increases for rent stabilized apartments are set each year by local Rent Guidelines Boards …”
N.Y. Rent Stabilization Law · ag.ny.gov · Retrieved Oct 6, 2026