How much can a landlord raise rent in NYC in 2025? The answer to this question depends upon whether you live in a rent-stabilized apartment or a free-market apartment.
If you live in a rent-stabilized apartment, the maximum amount of rent your landlord can increase is:
- 2.75% for a single-year lease.
- 5.25% for a two-year lease.
This applies to all the leases signed or renewed between October 1st, 2024, and September 30th, 2025.
This applies to all the leases signed or renewed between October 1st, 2024, and September 30th, 2025.
Now, there is technically no limit to how much a landlord of an unregulated (or free market) housing unit can increase rent. They can increase it as much as they want. Previously, landlords were only required to give notices based on how long a tenant had stayed in their housing unit. However, this has changed with the introduction of the good cause eviction law.
This law protects tenants who stop paying rent when their landlord has increased it to an unreasonable amount and then wants to evict them for non-payment. A reasonable rent amount is established yearly based on the inflation rate. It’s inflation plus 5%, but the total cannot go beyond 10%. So, in a way, a landlord who falls under the purview of good cause eviction cannot increase rent beyond 10%, even for a market-rate apartment.
These laws are expected to make the rental market affordable for New Yorkers renting in the city (roughly two-thirds of the population). If you want to rent in the city, you can ask a New York City broker to help you find a rent-stabilized apartment. They are rare, but they exist, and if you can find one, your rent increases would be highly predictable and almost always lower than market-rate apartments.
Also Read: Analyzing The Current Mortgage Rate in NYC
