Rent Stabilization Rent Increases 2024

Rent Stabilization Rent Increases 2024. The answer is the rent guidelines board (rgb), a group of nine people — all appointed by the mayor — who annually evaluate where rent increases should land. And the median rent is $2,850 a month, 33% higher than.

The proposed guidelines, if approved, will dictate the permitted rent. The carefully watched annual vote highlighted the city’s affordability.