Jun. 6, 2025 By Emily Swanson

With the city facing a housing and affordability crisis, a rent freeze is very much on the minds of New Yorkers — and on the ballot in this month’s Democratic primary election.

The Rent Guidelines Board (RGB) is preparing to vote June 27 on a possible rent increase for rent-stabilized buildings, and advocates on both sides are sounding off, each warning that the decision has serious ramifications for tenants and the viability of New York City’s housing stock.

The mayor-appointed, nine-member board will soon decide whether the city’s 2.4 million rent-stabilized tenants will pay between 3.75% and 7.75% more for two-year leases, or 1.75% to 4.75% more for one-year leases starting in October — or have no increase, commonly referred to as a “rent freeze.”

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