Half of all New York City Apartments are rent stabilized.
Rent stabilization typically applies to apartments in buildings of 6 or more units constructed before the date of 1974.
Rent stabilized landlords can only increase rent by a percentage determined by the Rent Guidelines Board. Unlike other low income housing programs, the rent does not depend on your household income, size of the apartment, or the number of people living there.. The biggest factor on the rent is on the frequency of renters in the past, in addition to any renovations the landlord has done int he past.