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New York board freezes rents for 1 million apartments (opens in new tab)

New York City’s Rent Guidelines Board voted 7-1 Thursday night to set rent increases at 0% for both one-year and two-year leases for about 1 million rent-stabilized apartments, fulfilling a central campaign pledge by Mayor Zohran Mamdani. The freeze applies to eligible lease renewals beginning Oct. 1, 2026, and running through Sept. 30, 2027. The affected units include rent-stabilized apartments in buildings with six or more units built before 1974, plus apartments in buildings receiving cert...

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