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New York City (“NYC”)’s rent freeze for rent-stabilized apartments took effect on October 1, 2026. The NYC Rent Guidelines Board (the “Board”) approved a 0% increase for both one-year and two-year leases commencing between October 1, 2026, and September 30, 2027. This affects approximately one million rent-stabilized units across NYC. The freeze applies to covered leases and renewals beginning during that period and does not apply generally to market-rate apartments.
The freeze is now in effect while landlords continue to challenge the Board’s decision in court. The lawsuit alleges that Mayor Zohran Mamdani’s administration improperly influenced the independent Board’s process. The City maintains that the Board acted independently. A court recently ordered the production of communications between City Hall and Board personnel. The freeze, however, took effect while the litigation remains pending.
Owners and other stakeholders are encouraged to consider accounting for the 0% adjustment on covered leases while monitoring the pending litigation for any change to the Board’s determination.
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This publication may constitute attorney advertising under the laws and rules of professional conduct of one or more states. The information provided in this publication is for general informational purposes only and does not constitute legal advice. The contents are not intended to be a substitute for professional legal advice, consultation, or representation. No attorney-client relationship is formed by reading or relying on this publication. Prior results do not guarantee a similar outcome. Readers should consult a qualified attorney for advice regarding their individual circumstances or any specific legal questions they may have.
If you have questions about this publication, please contact Adam Friedman, Ralph Vartolo or Michael DeRosa,
Friedman Vartolo LLP, 1325 Franklin Avenue, Suite 160, Garden City, NY 11530, Phone: (212) 471-5100 | Fax: (212) 471-5150.
