October has commenced, and with it comes cooler weather , spooky happenings , and — in less exciting news — price increases for rent-stabilized apartments in NYC.

This June, NYC’s Rent Guidelines Board of nine mayoral appointees approved the bump in a 5-4 vote, affecting nearly 1 million residents — though the mayor himself claims to not be in favor of the move.

“While the board exercised their independent judgment, and made an adjustment based on elements such as inflation, I am disappointed that they approved increases higher than what I called for,” he said this June.

Now that the rules are in effect, here’s what renters in these units can expect.

Inside the new price hikes for rent-stabilized apartments

Per the Board, these rent adjustments will apply to rent stabiliz

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