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New York City Rent Report: December 2023. Welcome to the Apartment List December 2023 Rent Report for New York City, NY. Currently, the overall median rent in the city stands at $2,146, after falling 1.7% last month. Prices remain up 2.2% year-over-year.
Rent Increase Notice 30 days in advance of renewal if a tenant has lived in the apartment less than one year and has less than a 12-month lease. 60 days in advance for a tenant who has lived in the apartment for one to two years or for a tenant with a lease term of between one and two years. New Protections for All Tenants - NYC.gov nyc.gov content tenantprotection pages nyc.gov content tenantprotection pages
Tenants in New York cannot be denied based on past legal conflicts with a landlord (for example, if they have previously sued a landlord). Landlords in New York are also not allowed to charge any additional fees for the processing, review, or acceptance of an application.
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Specifically, the NYC Rent Guideline Board limits how much a landlord may increase your rent yearly. In June of 2022, the board set a 3.25% increase for one-year lease agreements and a 5% increase for a two-year lease agreement. This will apply to all leases signed between October 2022 and September 2023.
Do the rent stabilization laws ever expire (aka sunset)? The rent regulation laws were most recently renewed effective June 14, 2019, and unlike prior laws, are not set to expire on any given date. Rent Stabilization FAQ - Rent Guidelines Board cityofnewyork.us faqs ren cityofnewyork.us faqs ren
For a two-year lease commencing on or after October 1, 2023 and on or before September 30, 2024: For the first year of the lease, 2.75%; and. For the second year of the lease, 3.20% of the amount lawfully charged in the first year, excluding any increases other than the first-year guideline increase. Adopted Summary Of Guidelines (2023-24) cityofnewyork.us adopted-s cityofnewyork.us adopted-s
For a one-year lease beginning on or after October 1, 2022, and on or before September 30, 2023: 3.25% For a two-year lease beginning on or after October 1, 2022, and on or before September 30, 2023: 5% Rent Increases NYC311 nyc.gov article nyc.gov article
When to Provide Notice to Vacate by State StateTime for Tenant to Provide Notice to VacateNew York1 month*North Carolina7 daysNorth Dakota1 calendar monthOhio30 days47 more rows Oct 6, 2023

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