The cost of living in roughly 1 million rent-stabilized apartments across the city is set to go up this week.
Starting Tuesday, Oct. 1, New Yorkers in rent-stabilized apartments will see increases of 3% on one-year leases and 4.5% on two-year leases.
The city’s Rent Guidelines Board, composed of nine mayoral appointees, voted 5-4 in June for an increase higher than the minimum in the possible range, after Mayor Eric Adams previously urged the board to “adopt the lowest increase possible.”…