Glossary

Rent Guidelines Board (RGB)

The nine-member, mayor-appointed NYC board that votes each year on the maximum rent increases for rent-stabilized lease renewals. Its current order freezes renewals at 0% for leases starting October 1, 2026 through September 30, 2027.

Last updated: October 3, 2026

The NYC Rent Guidelines Board sets the maximum rent adjustments for the roughly one million apartments covered by the Rent Stabilization Law. It has nine members, all appointed by the mayor: two represent tenants, two represent owners, and five (including the chair) represent the public. It doesn’t set your rent; it sets the ceiling on how much a stabilized rent can rise at renewal, by lease length.

The board typically votes each June, after public meetings and at least one public hearing, and weighs factors the law spells out: building operating and maintenance costs, taxes, financing costs, housing supply and vacancy, and cost of living. Each vote produces a numbered Apartment/Loft Order that applies to leases commencing between October 1 of that year and September 30 of the next. The commencement date is what counts, not the date you sign. Leases of up to one year are treated as one-year leases, and leases over one year up to two years as two-year leases.

The current order is Order #58, dated June 25, 2026: 0% for one-year and 0% for two-year leases commencing October 1, 2026 through September 30, 2027. The prior Order #57 allowed 3% (one-year) and 4.5% (two-year) for leases commencing October 1, 2025 through September 30, 2026. A group of landlords has sued to overturn the freeze; as of October 1, 2026, Brick Underground reported the freeze remains in effect, the judge declined to revert to the old 3%/4.5% figures, and a ruling was expected before the end of the year.

Worked example

A stabilized tenant paying $1,850/month gets a renewal offer. If the new lease commences September 1, 2026, Order #57 applies: up to $1,850 × 1.03 = $1,905.50/month on a one-year lease, or $1,850 × 1.045 = $1,933.25/month on a two-year lease. If it commences October 1, 2026 or later, Order #58 applies and the cap is $1,850 on either term. These are maximums, not automatic increases; landlords can charge less, never more (other legally authorized adjustments aside). See the rent stabilization guide for the full picture, or compare against market-rate rents on the Rent Affordability Calculator.

Run the numbers