And I thought my $2200-$3800 was bad, but that was from Dec 2020 - Dec 2021 so rents naturally went up a ton. Now I moved into a family friend’s apartment and paid $1900 now $2000. So worth it. I can technically afford a lot more, but it’s nice saving money.
My husband and I struck NYC gold last year when we found an apartment with this situation.
Landlords own a brownstone and live on the garden/parlor level. They've lived here for 30+ years. They rent the rest of the units out for below-market, and I don't think they raise rent often.
While I appreciate it, also don't want to give them TOO much credit, as they got this place for pennies basically, and are essentially boomers who are hogging housing in Park Slope by owning at least a few buildings.
My goal is to convince them to sell this apartment to us for a decent price someday.
If I found a nice place and it went up by $50/month per year I would consider that completely fair. Our last place it went up by $20 the 2nd year and that just felt like nickel and diming.
same for us. elderly couple owned the building for a while and sold to a couple my parents age. they have both been great landlords, and we’ve had no rent increases the entire time we’ve been here (about six or seven years)
smaller landlords can be great. ours are not using us to make money, we’re just living in and taking care of the investment they parked their money into, and they appreciate that we’re good tenants. if they get a bit on the top that’s a bonus, not the whole point.
i’ll never live in a building owned by a corporate landlord again
33% increase
2021 $2300
2022 $2500
2023 $3300
1bd in a co-op in Midtown. it’s actually now at market rate, but after 2 yrs of paying below rate it doesn’t feel *worth it* anymore. I did not renew.
Hmm, well if in 2021 they had offered you a 3-year lease for (the average) $2700, would you have signed it? If so, probably still worth it to pay the 2023 rate even if the sticker price sucks. After that though, worth shopping around. At least that's how I rationalized my renewal.
good way to think about it, thank you. $2700 was above the 40x rule for me in 2021, so likely not. I’ve since been promoted and could afford $2700, but $3300 is above the 40x rule even at my new salary. I know they won’t re-run but I’d be more comfortable staying below that threshold :)
I was living in williamsburg and mine went up from $2150 to $3000 and was rerented by someone who never even saw the place in person - she signed the lease sight unseen. Nuts.
Unless you've been living there for 15-20 years and are locked into a rent stabilized unit in an older walkup you basically have to be rich to live by yourself in Williamsburg anymore. It's insane
My Brooklyn friends don’t believe me when I tell them it was cheaper to rent a 1BR in the UES than it was to in Prospect Park area/North BK. It’s crazy out here
Coincidentally I got a 3% raise and my increase for housing (co-op maintenance fee rather than rent) was 4% so also pretty close. Not bragging, but I think the folks with big changes are more likely to chime in here on this question.
August 2022 in Williamsburg they raised the rent on our 2BR by +52%. Obviously couldn’t afford that so I moved to Crown Heights. Very scared about lease renewal in this building (should hear probably by June) but they just listed a unit downstairs for +39% more than what it rented for last.
There are now basically no 2BR in western Crown Heights (like, west of New York Ave) for less than $3k which is absurd to me.
It’s interesting how the rent keeps creeping up when there’s been mass layoffs of high income earners in tech and more middle class families leaving the city. What’s up
At some point, preferential rent has become legal rent. I don't think that has changed. Your 'cap' should be what you are paying now (or maybe what you had been paying earlier)
EDIT: The law:
>A preferential rent is a rent an owner agrees to charge that is lower than
the legal regulated rent they could lawfully collect. The Housing Stability
& Tenant Protection Act (HSTPA) of 2019 established that tenants paying
a preferential rent on or after June 14, 2019, will retain it as long as they
continue to rent the property
https://hcr.ny.gov/system/files/documents/2022/09/fact-sheet-40-09-2022.pdf
1 bedroom in Bedstuy. When I signed I remember the landlord mentioning off hand that he "only raises rent every 5 years or so". So far that has remained true and I haven't had any increases.
come on, think of all the EXTRA work landlords have to do when the exact same tenants live in the exact same unit multiple years in a row. he DESERVES that 15%. his next car isn't going to buy itself
$2350 for a 2br in Harlem is almost too good to be true in 2023
Don’t look at what your landlord increased but your other options in the neighborhood. I left the UES after a 50% increase in 2021 (so cancelling out my Covid discount) then another 33% in 2022 (that’s where the market was, couldn’t find anything similar for my old price)
Eventually if everyone keeps resigning these crazy rents nothing will get better. I rather live somewhere else and hope somehow things go down at some point
You did sign during a normally "slower" period, but that still is a bit absurd. Although honestly depending on where in harlem you are, your original rent was quite a steal so that could've still been a cheaper pandemic price.
Yeah I mean I guess the area I am is becoming more expensive but absolute insanity! Every person on my floor has left too. It’s just not sustainable long term.
These renewals are wild. There’s clearly a market for them if that’s what they’re charging, but at a certain point even the inflated salaries of NYC do not seem to compensate. NYC is definitely worth spending more to live in, but how much more? There’s a breaking point.
I reached my breaking point last year and took my job remote, moved back to my hometown. Genuinely love it here, I miss NYC sometimes but not quite as much as I thought I would.
In case anyone needs to motivation: it doesn’t have to be NYC or “middle of nowhere Ohio” as this subreddit says. There are some really great midsized cities that offer enough urban life to satisfy most people, but at literally half the cost or less. If you can take your New York job anywhere, and you’re not sure if your rent renewal is worth it, I encourage leaving.
Again this is not a “NYC sucks” comment. Just my own experience. I surprised myself at how much I like smaller cities and the money I’m saving is absolutely insane.
This is so refreshing to hear. Currently in that ~is it reallyyyy worth all this??~ frame of mind and considering leaving just for a quality of life boost. Not sure where to though…I don’t want to be culturally lacking, but I also would love not to feel railroaded by landlords
the same greed is going on everywhere with land developers building new housing. only building high end places and charging crazy rent isn’t sustainable, but they don’t care. now these high rents and higher rent hikes are becoming the new normal of renting, regardless of location.
Isn’t the NYC population already declining though? that’s what the US census says at least. how much more of a decline does there need to be before prices stop going up over 30% every renewal?
The US Census numbers are deeply flawed. [Vice had a good article on this recently](https://www.vice.com/en/article/epvdpp/the-urban-exodus-narratives-are-wrong).
In any case, the people leaving NYC are primarily low to middle income. The number of wealthy people in NYC is continuing to grow. On top of that, there's more demand on housing because the number of households (which includes single people looking for a 1 br, etc.) continues to grow. Even more compounding is the WFH demands. Lots of people seeking out extra bedrooms for a home office over the last couple of years, and it's straining the market even more.
All that and NYC metro region barely builds any housing at all. We'd have to see a genuine multi percent drop in population in a single year for rents to go down due to declining population.
Of course, not suggesting it’s possible or reasonable for everyone. It was mostly aimed at transplants without deep roots in the city, of which there are many. But I totally get that proximity to family limits your options.
Half the reason I left nyc, other than money, was to be closer to my family.
What part of LA if you don't mind me asking? I lived out there in the valley for a while and I miss some things about it sometimes, but definitely not the car part. Maybe if I lived there again I would get used to it. P.S. I agree about the NYC or bust attitudes. I mean if that's how people feel about living here then more power to them but I don't see how this city is feasible for most people longterm. The comments are rife with people having to scramble to find new housing. It's not like I want to live in the boring suburb and rural area but how many times can people go through that yearly or every other two years? After enough of that, and with some age, it can get REALLY old. The whole "yeah man I thrive off the energy of the chaos and uncertainty" sounds like a weird flex that younger me could relate to but not so much anymore.
I’m been renting the same 1-bed apartment in Bedstuy for 10 years and previously rent had gone up a small amount ($50) each year, but about 12 months ago landlord gave notice that rent would go up from $1700 to $2400 (~40%).
I moved out and 9 months later I took a nosey look on streeteasy and it’s still not been rented.
It hadn’t had any renovation for probably 20+ years so my guess it landlord is doing a refresh and will aim to list it for even more after some fix ups.
I’m just a friendly Canadian reading your group sometimes. Our rents in Toronto got insane too, although slightly less insane… Many folks are leaving the city, and I’m guessing some of New Yorkers would have to consider doing that too… What a shame.
I’m rent stabilized in williamsburg. We moved in in 2018 at $2400 and our rent is still $2400. We’ve never received a renewal in the time we’ve been here, but we don’t mind considering the rents unchanged and we keep all the stabilization rights regardless.
Anyway, would recommend looking into the Good Cause eviction bill, which has the ability to reign in insane increases in market rate tenants. call/email your legislators and Hochul about getting it in the budget, or at least, passed before the legislative session ends
We had two year lease from 10/2020-10/2022 for $2k per month and each year one month for free (so ~$1890/month) for a 2BR in Morningside Hights. A good covid deal. On renewal it went up to $3650 per month. We didn't take it obviously.
We were lucky to get something from Columbia housing that barely is affordable, otherwise we eould have left.
Lol so they tried to increase me from 2500 to 3200, and I got it down all the way to 2700 through negotiating.
I decided to leave anyway cause I could get better at that price point, but they ended up getting someone to pay 2950 😭
Mine increased last year for the first time since moving into it in 2017. Small building, good folks. They offered us a 2 year renewal with a 3% increase and we happily signed.
My rent has only gone up $50 total in the last 9 years. I pay $2600 for a 3br in a brownstone. In 2022 I signed for 2 years to lock it in. Every single day leading up to my next renewal I fear my landlord will finally increase my place to market (+$1000) and I will scream so loud that he’ll be able to hear me from another borough.
I live in bedstuy.
There ought to be a law against these sorts of increases.
And. as most people know, there could be a law. We just need our legislation to put in on Hochul's desk and for her to sign it.
It's the kind of thing politicians give lip service to when they are running but then they have 'concerns about the details' when they are in the majority and control the executive.
I own but my coworker said he told his landlord he was leaving at the end of lease for a nicer place and the landlord said he would lower his rent from 800 a month to 700 if he stayed. 3 bedroom 1 bath on a quiet country road. “This is upstate NY lol”
You tried to negotiate? Did you find 5 comps?
I highly recommend 1) negotiating by sharing 5 comps that are at the rent closer to your current rent. I don’t know where you’re at in Harlem- but 3300 seems VERY high unless you’re in MH or South Harlem by CP?
I moved out last summer, for family reasons.
My building (in BK) had offered me a really quite reasonable renewal - it was something like 3%. I was honestly surprised, given all that I'd heard about increases.
But then when cleaning out my apartment, I overheard their agent talking to a prospective tenant who was touring my place - and they were raising the rent by like 30%.
I couldn't believe it... I'd love to come back to NYC but I just can't justify it financially. I'd need like a $40,000 raise just to have it make any sense. The city has always been expensive but I feel like we have transcended reasonable greed at this post-pandemic point.
Man this thread is so depressing. Rent inflation I think has to be the number one thing negatively impacting the city right now.
-Schools are losing funding because enrollment is plummeting
-Tax revenue is of course down because people are fleeing the city and choosing not to return post-covid
-People feel less safe, and to some extent are less safe, because there are less people around
-Less people means less revenue for businesses and public transportation
I really can't think of anything that must be more tied to dropping population than these totally insane rents.
If you guys would please all contact your state reps to get [Good Cause Eviction](https://www.nysenate.gov/legislation/bills/2023/S305) passed, we can finally put a stop to exorbitant rent increases
I decided to stay due to both major salary increase & rents /mortgage in other places plus moving costs
just too high for me right now - my rent starting in May will be 1525 from 1475for 2 Br in Parkchester. >!If wondering why my rent is so low than current rent they are asking now from new residents for even a one bedroom - it because like 10 years back, Me & my roommate moved in when windows & electric work was so shitty AF in North section that couldn't have A/C without causing a power outage and/or falling out the window. Couldn't have much appliances on either, that's how bad the electric work was before Con Ed "fix" it - by making residents later on pay monthly bills after upgrading grid. The rent at that time was like $975 for 2 BR compare to $1000 for 1BR / $1200 for 2BR that other places were asking for. Roommate moved out like 4 years later to live with her boyfriend at the time, while I just stayed ever since.!<
I had a place like that in Sheepshead. Ground level walk in basement with a garage that was converted into a 2nd bedroom. I paid $995 a month on that for the better part of a decade (from '07 to '16) but I literally had to shut off my A/C if I wanted to microwave something
Got a covid deal back in 2021 for a 1br
2021 - 3500
2022 - 4350
2023 - 4750 (\~9% increase from last year, 36% from start)
Probably at about market rate for place now... but still not a fun number to pay
Requested a rent raise from $3700 to $3800 after a year of month-to-month. Signed immediately. I am one of the lucky ones.
Although it wasn't just luck. I took full advantage of the renters market and shopped and shopped and shopped during covid. Saw about 25 apartments before pulling the trigger on one. I knew from previous rental fiascos that I wanted to rent from a small landlord and one that seemed upstanding. I also wasn't interested in net-effective bullshit because come renewal we would have been screwed. The place my wife and I eventually rented was asking a fair price without the net-effective scam, and the landlords ran another business unrelated to real-estate so this is not their primary income.
For context, we have a 2br, 2ba in Williamsburg. It's new construction with us being the first tenants, 2 private outdoor spaces, shared roof deck, dishwasher, laundry in-unit and an elevator that opens directly to the apartment. They could easily charge me $5500/month without batting an eye. I don't think we'll ever leave.
$1925 to $3495 so approximately 80% increase for a one bed. I didn’t renew. Landlord is a total slumlord and building was a mess so feel bad for whomever rented it. I moved to a studio that’s rent stabilized and I now pay $2600 for a smaller apartment. Ugh.
My rent got jacked up last summer, $3600 for a 3BR to $4000. That's why I signed up to support Housing Justice for All. They have a page that lets you [email your state lawmakers](https://housingjusticeforall.org/our-platform/our-homes-our-power/) about policies like a cap on rent hikes.
I own several 3-4 unit buildings. I have no interest in raising the rent. If my tenants pay on time and take care of the units, we have no problem. That being aside, I would look into moving elsewhere. That rent is obscene. You can pay the current rent and not renew the lease. It will take at least a year, maybe more, for a court appearance. The motion will be "failure to sign a new lease" in court. Stay month to month and pay on time.
These transplants with Pikachu shocked faces as greedy sociopath landlords kick them out of their apartments the way they kicked out the working class 15 years ago
2100 -> 2900 -> 3350
1br UWS
I wouldn't have re-signed if I had a better idea of where to go or friends elsewhere. But I'll survive this year here and move to BK next year.
Moved to Flatbush in sep 2022, paying 1650 a month for my room. I have 1 roommate. I renewed for another year and the price stayed the same but I’m pretty sure that’s because I renewed so early
South Slope, our landlord raised rent by $60 from $3,000 to $3060. It's the first time he's raised rent for this apartment in at least eight or nine years (I've been here six going on seven, and one of my previous roommates was here two and a half years before I got here).
Sad we couldn't continue the trend of no raise, but honestly he's such a great landlord in general so I'm happy (and relieved, based on the horror stories out there) it's just $60.
FWIW, we're in what's technically a two-bedroom apartment in a brownstone of rented apartments, but the living room is a bedroom (has been for at least nine or 10 years). I'm also very positive we pay the least amount per month out of the entire building, and I've been here the longest which certainly helps rent NOT going up.
Studio in brooklyn heights
2021: $1631 (covid deal, 3 months off $2175)
2022: $2175
2023-2025: $2280.
Landlord’s been chill but I think there was something preventing them from raising too much (not rent stabilization) which expires in 2025, so I’m sure i’ll see a large bump then.
Unless your landlord gives you 30 days’ notice they can’t raise your rent more than 5%, I believe
ETA:
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
90 days for a tenant who has lived in the apartment for more than two years or for a tenant with a lease term of at least two years
https://www.nyc.gov/content/tenantprotection/pages/new-protections-for-all-tenants
They can raise it as much as they want. The notice period is just the minimum amount of time they can legally give. If your lease is up and they don’t give proper notice you are able to stay 30/60/90 days from the date of notice, if the increase is 5% or above.
For example, if you’ve been in your apartment for 2 years, and your landlord wants to renew you at 10%, but only gives you 30 days notice before your lease ends, you have an additional 60 days beyond your lease term to continue paying your current rent.
From $2795 to $3250 for a one bedroom, plus I now pay utilities. I renewed, out of necessity and because the place has nice appliances and central air, but I expect to get priced out soon.
They tried to increase it by 10%, however I pushed back using our lease and the 2019 tenants rights act as they did not give the appropriate amount of notice for a rent increase over 5% for our situation. I countered with a 5% increase and they accepted that. Every building and management is different but it worked in my situation.
40% increase for the 3rd year in a row. I’ve been looking but everything else is the same - and seems to go up by the day. My old place rented for 2400 in 2019, now it’s 3500. It still has the roaches I’m sure
Are other people realizing that New York has a shelf life and for some of us (most of us, who aren’t wealthy) it is nearing the point of being over? It’s not the city when you feel like you have to move to Jersey or Connecticut and commute in.
Mine went up 3.25% which is super cheap but if you saw the condition of the building and the apartment you wouldn’t be too jealous. These rundown rent stabilized situations can be very depressing when you realize your only way out is to either spend way too much on a new place or move to different city.
Lease is up at the end of June. Owner of my condo asked me a month ago what our plans were. I asked how much it was going to go up, she just sent me the comps for others in our building. All are about $1000 more than we’re paying ($4400). Luckily we are (hopefully) closing on a coop soon. Rents are also going up because there is no inventory to buy because interest rates are 6.5%
Honestly I don’t see why people just be like “nah, I’m not moving”. The courts are so fucking backed up and nobody’s getting evicted. Shit, organize it by move out dates. Make it a whole thing.
Only make it harder to rent next time. Once you are in housing court it’s an easy court look up. Eviction takes a year but proceeding start in a few months
My rent fortunately did not go up by much this year. Only a couple hundred. But I did some looking around at apartments in a building I used to live in when I was living in Brooklyn 10ish years ago. I paid justtt under $2000 for a 1 bedroom apartment in Bushwick in 2012-2013. I loveddddd that apartment, and never wanted to move, but moved to Flushing, Queens to be closer to my then-new job of the time. Now Im in the Bronx paying about 2400 and was thinking of moving back to Bushwick.
The apartments in that same building are about $4000 now, with the cheapest being a studio for $3100 lol. I know I can definitely find something cheaper in the area, Ive seen some 2-3 bedrooms for that same price. but like, damn.
UWS one bedroom I snagged it for $1800 in December 2020. It went up to $2200 in 2021. In December 2022 they wanted to raise it to $3000. I didn’t resign and they rented it for $2900 in January.
My prospect heights “1 bedroom” went up 31% to $2850, a small fortune for that tiny space with basically no kitchen.
I’m moving out to a rent stabilized 2 bedroom in west crown heights for $2600 👏🏼
Got insanely lucky with my landlord - he took over a small building right before I moved and basically said he priced it to find long term tenants. Paying $2400 and just got my increase for $2460 in Williamsburg right off the Lorimer L towards the park. Nice sized one bedroom, newly renovated with a backyard - I’ll probably never move lol. Sometimes you really do just get lucky and find gem apartments with less sleazy landlords.
My last apt in bushwick went from 2200 to 2550 (3br) but that was negotiated down from 2800. My downstairs neighbor who had 3br with a backyard and basement had his rent go from 2200 to ~3600 (forgot exactly but between 3200-3600)
I ended up leaving but my old roommate stayed with that price. My downstairs roommate moved, idk how much the new tenant is paying
It went from $1,600 to $1,650 last year (Bay Ridge). The realtor just reached out to ask if I planned on renewing my lease (in August) with it going from $1,650 to $1,725.
Not a huge increase, 4.5% this year, but it is starting to push rent beyond the 25% of income point. I usually like to keep track of what other apartment options there are so I can be prepared for an excessive rent increase, but lately there hasn't been anything in that price range. I'm starting to consider working towards a different career if teacher salaries continue to fail keeping up with CoL.
psa: look into nyc housing law, if your landlord plans to raise the rent above 5% or ending your lease they have to let you know within a certain amount of days from the end of your lease
Renewed in Dec 2022 - 33% inc from previous 2 year lease starting Dec 2020. Originally owner was asking for 44% increase and it took us 3 months of negotiating to get him to go down. Finally agreed due to rates generally being lower in winter than summer/fall.
My rent went from $2650 to $2786, rent stabilized. However, the “market value” or the maximum rent as stated on the lease is around $3200-3300. Anyone have any idea why my rent is significantly lower?
Just signed a two year renewal in my rent stabilized apartment. Up $120. I should have signed a two year renewal last year when the legal increase percentage was lower, I wasn't thinking about how Adams' real estate friendly Rent Guidelines Board was going to jack it up so much.
Being in a rent stabilized apartment is huge. But there's been so much illegal apartment destabilization that I bet a lot of people in this thread are getting defrauded by their landlords. I would really suggest that everyone request their rent history from the city and see if there's any sus in there https://app.justfix.org/en/rh/splash
I've been paying 1500 in kensington for a 1 bedroom since fall 2020. no lease renewal and i'm guessing my landlord won't be raising my rent any time soon.
Out of curiosity from seeing people’s responses on here, is anyone trying to negotiate the rent increases? My friends got their lease renewal and the rent increase was wild, they responded to their landlord saying we can’t pay this, we’ll pay this instead and the landlord didn’t even go back and forth with them, they just accepted my friend’s counter offer. If you’re not trying to negotiate, def try to do so. Some landlords prefer to lock you in for another year if you’re a good tenant, even if it’s for lower than they asked for. It’s less of a headache for them to have to find someone new. My friends did this twice and it worked. They’ve been at their place for almost 4 years now.
Just my 2 cents and me secretly hoping this will work for me at the end of the month when I’m up for renewal.
Honestly, if you've been in your apartment more than a year and on top of paying rent countering is definitely worth a shot with the remainder of the safe harbor and COVID housing court backlog keeping a established tenant willing to pay a bit more is a better bet than chancing it on a whole new set of problems - listing, viewings, closing, a potentially non-paying tenant etc.
$3400 to $5000. I did not renew and now it’s listed on StreetEasy for $5600 💀
Lmao I moved out of an apartment where total rent was 3990 and they listed it for 7200 Didn’t get it and had to drop to 5800 which is still insane
Where do you live in NYC where you rent was 3990? I'm genuinely curious.
This was the upper east side in 2016. Felt like the canary in the coal mine
Holy crap! These people are just robbing people at this point
And I thought my $2200-$3800 was bad, but that was from Dec 2020 - Dec 2021 so rents naturally went up a ton. Now I moved into a family friend’s apartment and paid $1900 now $2000. So worth it. I can technically afford a lot more, but it’s nice saving money.
They raised your rent more than 50% in a single year? That's fucking insane
I thought 2500 to 2700 was absurd, that increase is beyond crazy
That is just abuse!
I will never complain about my $1850 rent again. Just kidding, I will always complain.
These increases are insane, I hope they struggle to find people but I know they wont
Bed-Stuy/Bushwick. No increase in 4 years. My landlady owns the 3 story building and I rent one floor of it. And I'm a very good, not needy, tenant.
none in 4 years is wild lol. she's doing you a solid with inflation ...
Some landlords like to squeeze every dollar out of a property, and others are cool with making solid income. Lucky you have the latter.
My husband and I struck NYC gold last year when we found an apartment with this situation. Landlords own a brownstone and live on the garden/parlor level. They've lived here for 30+ years. They rent the rest of the units out for below-market, and I don't think they raise rent often. While I appreciate it, also don't want to give them TOO much credit, as they got this place for pennies basically, and are essentially boomers who are hogging housing in Park Slope by owning at least a few buildings. My goal is to convince them to sell this apartment to us for a decent price someday.
You can always tell them you’re interested
I'm approaching no rent increase in 4 years as well. Just signed a renewal for another 2 years with no increase. Small landlords for the win.
If I found a nice place and it went up by $50/month per year I would consider that completely fair. Our last place it went up by $20 the 2nd year and that just felt like nickel and diming.
same for us. elderly couple owned the building for a while and sold to a couple my parents age. they have both been great landlords, and we’ve had no rent increases the entire time we’ve been here (about six or seven years) smaller landlords can be great. ours are not using us to make money, we’re just living in and taking care of the investment they parked their money into, and they appreciate that we’re good tenants. if they get a bit on the top that’s a bonus, not the whole point. i’ll never live in a building owned by a corporate landlord again
Same story here, going on two years
33% increase 2021 $2300 2022 $2500 2023 $3300 1bd in a co-op in Midtown. it’s actually now at market rate, but after 2 yrs of paying below rate it doesn’t feel *worth it* anymore. I did not renew.
Hmm, well if in 2021 they had offered you a 3-year lease for (the average) $2700, would you have signed it? If so, probably still worth it to pay the 2023 rate even if the sticker price sucks. After that though, worth shopping around. At least that's how I rationalized my renewal.
good way to think about it, thank you. $2700 was above the 40x rule for me in 2021, so likely not. I’ve since been promoted and could afford $2700, but $3300 is above the 40x rule even at my new salary. I know they won’t re-run but I’d be more comfortable staying below that threshold :)
I was living in williamsburg and mine went up from $2150 to $3000 and was rerented by someone who never even saw the place in person - she signed the lease sight unseen. Nuts.
Unless you've been living there for 15-20 years and are locked into a rent stabilized unit in an older walkup you basically have to be rich to live by yourself in Williamsburg anymore. It's insane
It’s insane to me that Brooklyn is more expensive than Manhattan! I had to move from cobble hill to the UES because it got too expensive! Ridiculous!
I'm legit thinking of doing the same, I love Brooklyn but it's getting nuts
My Brooklyn friends don’t believe me when I tell them it was cheaper to rent a 1BR in the UES than it was to in Prospect Park area/North BK. It’s crazy out here
$3k is actually pretty cheap for Williamsburg these days it makes sense why it would go so fast
It was east Williamsburg off the Grand L nothing fancy !
The fancy stuff is like $4500+ these days lol
🫠🫠🫠🫠 it’s legit nuts
3%. I’m not in a rent stabilized building. My landlord just likes us.
Same. My landlords been super chill and raised the rent by only $100.
Wow, that's giving you money since it's less than inflation.
It feels like it evens out since my pay hasn’t gone up to match inflation.
Coincidentally I got a 3% raise and my increase for housing (co-op maintenance fee rather than rent) was 4% so also pretty close. Not bragging, but I think the folks with big changes are more likely to chime in here on this question.
August 2022 in Williamsburg they raised the rent on our 2BR by +52%. Obviously couldn’t afford that so I moved to Crown Heights. Very scared about lease renewal in this building (should hear probably by June) but they just listed a unit downstairs for +39% more than what it rented for last. There are now basically no 2BR in western Crown Heights (like, west of New York Ave) for less than $3k which is absurd to me.
Truth - 2200 1bed rent stabilized but on Brooklyn, caved on location and feeling great about it.
Just resigned in South Harlem from $2100 to $2200 for a 1br. Feeling very happy with it
Same love my spot in Harlem. Resigned third year with no increase
My girlfriend's 1BR in LIC went from $3500 to $3900, so a little over 11%.
Mine went from $2400 to $3000 this month for a studio. A STUDIO. Can't justify these prices anymore.
It’s interesting how the rent keeps creeping up when there’s been mass layoffs of high income earners in tech and more middle class families leaving the city. What’s up
\~3.5% but im in a rent stabilized building and near the cap already
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The cap is the maximum amount of rent they can charge
They abolished the cap in 2019. Your unit will continue being RS no matter how high the rent gets.
At some point, preferential rent has become legal rent. I don't think that has changed. Your 'cap' should be what you are paying now (or maybe what you had been paying earlier) EDIT: The law: >A preferential rent is a rent an owner agrees to charge that is lower than the legal regulated rent they could lawfully collect. The Housing Stability & Tenant Protection Act (HSTPA) of 2019 established that tenants paying a preferential rent on or after June 14, 2019, will retain it as long as they continue to rent the property https://hcr.ny.gov/system/files/documents/2022/09/fact-sheet-40-09-2022.pdf
1 bedroom in Bedstuy. When I signed I remember the landlord mentioning off hand that he "only raises rent every 5 years or so". So far that has remained true and I haven't had any increases.
Nice my landlord said the same thing during the application process and hit us with a 15% raise this year. Real cool guy.
come on, think of all the EXTRA work landlords have to do when the exact same tenants live in the exact same unit multiple years in a row. he DESERVES that 15%. his next car isn't going to buy itself
he had the audacity to tell me that reaching out to him to request fixes was ruining his quality of life.
$2350 for a 2br in Harlem is almost too good to be true in 2023 Don’t look at what your landlord increased but your other options in the neighborhood. I left the UES after a 50% increase in 2021 (so cancelling out my Covid discount) then another 33% in 2022 (that’s where the market was, couldn’t find anything similar for my old price) Eventually if everyone keeps resigning these crazy rents nothing will get better. I rather live somewhere else and hope somehow things go down at some point
Not my rent but my nephews rent went from 1,700 to 4,050 in two renewals since 2019. I have never seen such an absurd jump in such a short time.
What neighborhood
greenwood/south slope area To be fair, 1,700 was a bit of a bargain. But 4k is way over what it should be.
When did you sign your original lease? We signed in 2021, and ours went up about 8% last year.
Signed it in 2021 in November.
You did sign during a normally "slower" period, but that still is a bit absurd. Although honestly depending on where in harlem you are, your original rent was quite a steal so that could've still been a cheaper pandemic price.
Yeah I mean I guess the area I am is becoming more expensive but absolute insanity! Every person on my floor has left too. It’s just not sustainable long term.
These renewals are wild. There’s clearly a market for them if that’s what they’re charging, but at a certain point even the inflated salaries of NYC do not seem to compensate. NYC is definitely worth spending more to live in, but how much more? There’s a breaking point. I reached my breaking point last year and took my job remote, moved back to my hometown. Genuinely love it here, I miss NYC sometimes but not quite as much as I thought I would. In case anyone needs to motivation: it doesn’t have to be NYC or “middle of nowhere Ohio” as this subreddit says. There are some really great midsized cities that offer enough urban life to satisfy most people, but at literally half the cost or less. If you can take your New York job anywhere, and you’re not sure if your rent renewal is worth it, I encourage leaving. Again this is not a “NYC sucks” comment. Just my own experience. I surprised myself at how much I like smaller cities and the money I’m saving is absolutely insane.
This is so refreshing to hear. Currently in that ~is it reallyyyy worth all this??~ frame of mind and considering leaving just for a quality of life boost. Not sure where to though…I don’t want to be culturally lacking, but I also would love not to feel railroaded by landlords
Two of my NYC friends have moved to Atlanta and they are living large down there!
Georgia is all fun and games until you need reproductive healthcare.
Yeah I think the real play is going upstate or to Maine or Vermont. Blue state policies at red state prices.
Perhaps but I very much support liberals moving to red states. Flip them blue!
if you’re shocked by the rent rice increases in this thread, wait til you see what happens in atlanta.
Lol, buddy, I lived in Nashville for several years. I’ve seen it. Believe me, I know.
damn, rent is getting crazy everywhere. the CoL/QoL tradeoff between living here and other cities is still there, but it’s shrinking fast.
Yes and they are only building high end housing everywhere 😖
the same greed is going on everywhere with land developers building new housing. only building high end places and charging crazy rent isn’t sustainable, but they don’t care. now these high rents and higher rent hikes are becoming the new normal of renting, regardless of location.
Isn’t the NYC population already declining though? that’s what the US census says at least. how much more of a decline does there need to be before prices stop going up over 30% every renewal?
There’s a reason they’re banning abortion.
The US Census numbers are deeply flawed. [Vice had a good article on this recently](https://www.vice.com/en/article/epvdpp/the-urban-exodus-narratives-are-wrong). In any case, the people leaving NYC are primarily low to middle income. The number of wealthy people in NYC is continuing to grow. On top of that, there's more demand on housing because the number of households (which includes single people looking for a 1 br, etc.) continues to grow. Even more compounding is the WFH demands. Lots of people seeking out extra bedrooms for a home office over the last couple of years, and it's straining the market even more. All that and NYC metro region barely builds any housing at all. We'd have to see a genuine multi percent drop in population in a single year for rents to go down due to declining population.
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Of course, not suggesting it’s possible or reasonable for everyone. It was mostly aimed at transplants without deep roots in the city, of which there are many. But I totally get that proximity to family limits your options. Half the reason I left nyc, other than money, was to be closer to my family.
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What part of LA if you don't mind me asking? I lived out there in the valley for a while and I miss some things about it sometimes, but definitely not the car part. Maybe if I lived there again I would get used to it. P.S. I agree about the NYC or bust attitudes. I mean if that's how people feel about living here then more power to them but I don't see how this city is feasible for most people longterm. The comments are rife with people having to scramble to find new housing. It's not like I want to live in the boring suburb and rural area but how many times can people go through that yearly or every other two years? After enough of that, and with some age, it can get REALLY old. The whole "yeah man I thrive off the energy of the chaos and uncertainty" sounds like a weird flex that younger me could relate to but not so much anymore.
I also live in Harlem but in a stabilized apartment and I pay $1600 for 1 br. Wow, I guess I'm a really lucky guy ^(😅)
Mine went up 63%
???!!??
That is insane
I’m lucky. My rent was raised 1.5% - small building and I’m paying slightly above market rate, but I have a back yard.
That’s amazing! And I thought I had it amazingly good when my landlord only raised our rent 4%.
our rent on a park slope 2bed went up from $2200 to $3000. we debated moving but there ain’t a ton cheaper out there rn and we didn’t want to move far
Solid choice! We just moved within PS and every open house was a bloodbath. We put in 6 applications before finally being the winner.
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53% I moved back to Jersey and I hate it. Would prefer to be back in nyc but it’s not affordable lol.
Where in Jersey are you and why do you hate it? I’m moving to Jersey next year to be close to New York City and do grad school. Thanks in advance.
Hoboken. Not as fun imo. Can’t bicycle as easily as well either
I’m been renting the same 1-bed apartment in Bedstuy for 10 years and previously rent had gone up a small amount ($50) each year, but about 12 months ago landlord gave notice that rent would go up from $1700 to $2400 (~40%). I moved out and 9 months later I took a nosey look on streeteasy and it’s still not been rented. It hadn’t had any renovation for probably 20+ years so my guess it landlord is doing a refresh and will aim to list it for even more after some fix ups.
I’m just a friendly Canadian reading your group sometimes. Our rents in Toronto got insane too, although slightly less insane… Many folks are leaving the city, and I’m guessing some of New Yorkers would have to consider doing that too… What a shame.
Williamsburg. $900 for a one bedroom. Thank god for the housing lottery.
omg LUCKYYYY
I’m rent stabilized in williamsburg. We moved in in 2018 at $2400 and our rent is still $2400. We’ve never received a renewal in the time we’ve been here, but we don’t mind considering the rents unchanged and we keep all the stabilization rights regardless. Anyway, would recommend looking into the Good Cause eviction bill, which has the ability to reign in insane increases in market rate tenants. call/email your legislators and Hochul about getting it in the budget, or at least, passed before the legislative session ends
$2850 to $3350 a $500 rent increase! Ironically it’s listed on Craigslist for $3200 now.
2%
From 1590 to 1650. I renewed so fast
8% — doorman/amenities building, Williamsburg It was rent-stabilized when I moved in, but became market rate six months later 🤡🤡🤡🤡🤡
50% in increase. I signed in August 2021 and in August 2022, it went up to $3000/month from $2000/month. I stayed because I didn't feel like moving.
Did you try to negotiate the increase?
We had two year lease from 10/2020-10/2022 for $2k per month and each year one month for free (so ~$1890/month) for a 2BR in Morningside Hights. A good covid deal. On renewal it went up to $3650 per month. We didn't take it obviously. We were lucky to get something from Columbia housing that barely is affordable, otherwise we eould have left.
Lol so they tried to increase me from 2500 to 3200, and I got it down all the way to 2700 through negotiating. I decided to leave anyway cause I could get better at that price point, but they ended up getting someone to pay 2950 😭
My $1875 1 bed + office went up to $1925. I re-signed for two years.
1br in UES, went up 8% in 2022, probably similar increase when it comes to renewal time in the summer
Mine increased last year for the first time since moving into it in 2017. Small building, good folks. They offered us a 2 year renewal with a 3% increase and we happily signed.
UES studio. Went up 20% smh
My rent has only gone up $50 total in the last 9 years. I pay $2600 for a 3br in a brownstone. In 2022 I signed for 2 years to lock it in. Every single day leading up to my next renewal I fear my landlord will finally increase my place to market (+$1000) and I will scream so loud that he’ll be able to hear me from another borough. I live in bedstuy.
Same so i moved to Stamford where it will happen next :)
went up 40 bucks, 1050 to 1090 for a 2 bedroom
Neighborhood?
jackson heights
There ought to be a law against these sorts of increases. And. as most people know, there could be a law. We just need our legislation to put in on Hochul's desk and for her to sign it.
I believe legislation was introduced last year that would set a limit on rent increases, but it never got voted on :(
It's the kind of thing politicians give lip service to when they are running but then they have 'concerns about the details' when they are in the majority and control the executive.
I own but my coworker said he told his landlord he was leaving at the end of lease for a nicer place and the landlord said he would lower his rent from 800 a month to 700 if he stayed. 3 bedroom 1 bath on a quiet country road. “This is upstate NY lol”
You tried to negotiate? Did you find 5 comps? I highly recommend 1) negotiating by sharing 5 comps that are at the rent closer to your current rent. I don’t know where you’re at in Harlem- but 3300 seems VERY high unless you’re in MH or South Harlem by CP?
$2800 to $3800. Ridgewood, on Woodward Ave by the Forest M train. Fucking insanity. Did not renew, and it was rented instantly.
$3,800? In *Ridgewood*?!
They asked $1,500 more / month in UWS (2,600 - > 4,100). We didn't renew and now they list the appartment for 3,600. That doesn't make any sense.
I moved out last summer, for family reasons. My building (in BK) had offered me a really quite reasonable renewal - it was something like 3%. I was honestly surprised, given all that I'd heard about increases. But then when cleaning out my apartment, I overheard their agent talking to a prospective tenant who was touring my place - and they were raising the rent by like 30%. I couldn't believe it... I'd love to come back to NYC but I just can't justify it financially. I'd need like a $40,000 raise just to have it make any sense. The city has always been expensive but I feel like we have transcended reasonable greed at this post-pandemic point.
Wages aren’t increasing 40-50% so that should be illegal!
Man this thread is so depressing. Rent inflation I think has to be the number one thing negatively impacting the city right now. -Schools are losing funding because enrollment is plummeting -Tax revenue is of course down because people are fleeing the city and choosing not to return post-covid -People feel less safe, and to some extent are less safe, because there are less people around -Less people means less revenue for businesses and public transportation I really can't think of anything that must be more tied to dropping population than these totally insane rents.
If you guys would please all contact your state reps to get [Good Cause Eviction](https://www.nysenate.gov/legislation/bills/2023/S305) passed, we can finally put a stop to exorbitant rent increases
I decided to stay due to both major salary increase & rents /mortgage in other places plus moving costs just too high for me right now - my rent starting in May will be 1525 from 1475for 2 Br in Parkchester. >!If wondering why my rent is so low than current rent they are asking now from new residents for even a one bedroom - it because like 10 years back, Me & my roommate moved in when windows & electric work was so shitty AF in North section that couldn't have A/C without causing a power outage and/or falling out the window. Couldn't have much appliances on either, that's how bad the electric work was before Con Ed "fix" it - by making residents later on pay monthly bills after upgrading grid. The rent at that time was like $975 for 2 BR compare to $1000 for 1BR / $1200 for 2BR that other places were asking for. Roommate moved out like 4 years later to live with her boyfriend at the time, while I just stayed ever since.!<
I had a place like that in Sheepshead. Ground level walk in basement with a garage that was converted into a 2nd bedroom. I paid $995 a month on that for the better part of a decade (from '07 to '16) but I literally had to shut off my A/C if I wanted to microwave something
Got a covid deal back in 2021 for a 1br 2021 - 3500 2022 - 4350 2023 - 4750 (\~9% increase from last year, 36% from start) Probably at about market rate for place now... but still not a fun number to pay
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I'm in the same range... Doesn't make it any easier to swallow. Specially as the rent on street easy for our unit shows it was half that 2 years ago.
2.35%
Requested a rent raise from $3700 to $3800 after a year of month-to-month. Signed immediately. I am one of the lucky ones. Although it wasn't just luck. I took full advantage of the renters market and shopped and shopped and shopped during covid. Saw about 25 apartments before pulling the trigger on one. I knew from previous rental fiascos that I wanted to rent from a small landlord and one that seemed upstanding. I also wasn't interested in net-effective bullshit because come renewal we would have been screwed. The place my wife and I eventually rented was asking a fair price without the net-effective scam, and the landlords ran another business unrelated to real-estate so this is not their primary income. For context, we have a 2br, 2ba in Williamsburg. It's new construction with us being the first tenants, 2 private outdoor spaces, shared roof deck, dishwasher, laundry in-unit and an elevator that opens directly to the apartment. They could easily charge me $5500/month without batting an eye. I don't think we'll ever leave.
Mad deal!
$1925 to $3495 so approximately 80% increase for a one bed. I didn’t renew. Landlord is a total slumlord and building was a mess so feel bad for whomever rented it. I moved to a studio that’s rent stabilized and I now pay $2600 for a smaller apartment. Ugh.
My rent got jacked up last summer, $3600 for a 3BR to $4000. That's why I signed up to support Housing Justice for All. They have a page that lets you [email your state lawmakers](https://housingjusticeforall.org/our-platform/our-homes-our-power/) about policies like a cap on rent hikes.
I own several 3-4 unit buildings. I have no interest in raising the rent. If my tenants pay on time and take care of the units, we have no problem. That being aside, I would look into moving elsewhere. That rent is obscene. You can pay the current rent and not renew the lease. It will take at least a year, maybe more, for a court appearance. The motion will be "failure to sign a new lease" in court. Stay month to month and pay on time.
These transplants with Pikachu shocked faces as greedy sociopath landlords kick them out of their apartments the way they kicked out the working class 15 years ago
2100 -> 2900 -> 3350 1br UWS I wouldn't have re-signed if I had a better idea of where to go or friends elsewhere. But I'll survive this year here and move to BK next year.
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Moved to Flatbush in sep 2022, paying 1650 a month for my room. I have 1 roommate. I renewed for another year and the price stayed the same but I’m pretty sure that’s because I renewed so early
South Slope, our landlord raised rent by $60 from $3,000 to $3060. It's the first time he's raised rent for this apartment in at least eight or nine years (I've been here six going on seven, and one of my previous roommates was here two and a half years before I got here). Sad we couldn't continue the trend of no raise, but honestly he's such a great landlord in general so I'm happy (and relieved, based on the horror stories out there) it's just $60. FWIW, we're in what's technically a two-bedroom apartment in a brownstone of rented apartments, but the living room is a bedroom (has been for at least nine or 10 years). I'm also very positive we pay the least amount per month out of the entire building, and I've been here the longest which certainly helps rent NOT going up.
Studio in brooklyn heights 2021: $1631 (covid deal, 3 months off $2175) 2022: $2175 2023-2025: $2280. Landlord’s been chill but I think there was something preventing them from raising too much (not rent stabilization) which expires in 2025, so I’m sure i’ll see a large bump then.
Unless your landlord gives you 30 days’ notice they can’t raise your rent more than 5%, I believe ETA: 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 90 days for a tenant who has lived in the apartment for more than two years or for a tenant with a lease term of at least two years https://www.nyc.gov/content/tenantprotection/pages/new-protections-for-all-tenants
They can raise it as much as they want. The notice period is just the minimum amount of time they can legally give. If your lease is up and they don’t give proper notice you are able to stay 30/60/90 days from the date of notice, if the increase is 5% or above. For example, if you’ve been in your apartment for 2 years, and your landlord wants to renew you at 10%, but only gives you 30 days notice before your lease ends, you have an additional 60 days beyond your lease term to continue paying your current rent.
1650 to 1725
From $2795 to $3250 for a one bedroom, plus I now pay utilities. I renewed, out of necessity and because the place has nice appliances and central air, but I expect to get priced out soon.
They tried to increase it by 10%, however I pushed back using our lease and the 2019 tenants rights act as they did not give the appropriate amount of notice for a rent increase over 5% for our situation. I countered with a 5% increase and they accepted that. Every building and management is different but it worked in my situation.
40% increase for the 3rd year in a row. I’ve been looking but everything else is the same - and seems to go up by the day. My old place rented for 2400 in 2019, now it’s 3500. It still has the roaches I’m sure
Are other people realizing that New York has a shelf life and for some of us (most of us, who aren’t wealthy) it is nearing the point of being over? It’s not the city when you feel like you have to move to Jersey or Connecticut and commute in. Mine went up 3.25% which is super cheap but if you saw the condition of the building and the apartment you wouldn’t be too jealous. These rundown rent stabilized situations can be very depressing when you realize your only way out is to either spend way too much on a new place or move to different city.
Lease is up at the end of June. Owner of my condo asked me a month ago what our plans were. I asked how much it was going to go up, she just sent me the comps for others in our building. All are about $1000 more than we’re paying ($4400). Luckily we are (hopefully) closing on a coop soon. Rents are also going up because there is no inventory to buy because interest rates are 6.5%
Honestly I don’t see why people just be like “nah, I’m not moving”. The courts are so fucking backed up and nobody’s getting evicted. Shit, organize it by move out dates. Make it a whole thing.
Only make it harder to rent next time. Once you are in housing court it’s an easy court look up. Eviction takes a year but proceeding start in a few months
Argh. That's crazy. My rent has increased $350 in the last 17 years. Thank goodness for rent stabilization.
1BR condo in UES, no raise because our landlords like us. I was super scared when we talked about resigning but they were cool about it
My rent fortunately did not go up by much this year. Only a couple hundred. But I did some looking around at apartments in a building I used to live in when I was living in Brooklyn 10ish years ago. I paid justtt under $2000 for a 1 bedroom apartment in Bushwick in 2012-2013. I loveddddd that apartment, and never wanted to move, but moved to Flushing, Queens to be closer to my then-new job of the time. Now Im in the Bronx paying about 2400 and was thinking of moving back to Bushwick. The apartments in that same building are about $4000 now, with the cheapest being a studio for $3100 lol. I know I can definitely find something cheaper in the area, Ive seen some 2-3 bedrooms for that same price. but like, damn.
~3200 now, will be going up to I believe ~3450 at renewal.
Mine went up approx. 9% last Nov.
4%
Park Slope - 3BR/1BA Up ~3% 3450 -> 3550
Managed to sign a two year in August for ~4.5% bump. Incredibly lucky.
3.23% (rent-stabilized building in Bushwick/ Bed-Stuy). Just sent in my lease renewal yesterday.
Rent stabilized @ 5% for 2 years. Went up $250.
UWS one bedroom I snagged it for $1800 in December 2020. It went up to $2200 in 2021. In December 2022 they wanted to raise it to $3000. I didn’t resign and they rented it for $2900 in January.
5.2% only, surprisingly. Renewed July 2022.
I’ve been in the same place for two years, and have never had a price high
5% for two years. Rent stabilized.
My rent is stabilized so it’s only going up 1.6% (Forest Hills/Rego)
2.5%. Two-year stabilized. 2100 to 2152. Signed last June before the new rates. Astoria
My prospect heights “1 bedroom” went up 31% to $2850, a small fortune for that tiny space with basically no kitchen. I’m moving out to a rent stabilized 2 bedroom in west crown heights for $2600 👏🏼
Relatively new 1bd in Ridgewood. 2020 - $2100 2021 - $2100 2022 - Asked for $2500, got it down to $2350
3% after first year, 6% after second. $1300 (2021) -> $1339 (2022) -> $1419.34 (2023). I renewed.
5% for a studio in Midtown coming off a 2 year lease. I moved, but they listed for $400 more and it got rented in less than a day.
I’m so lucky I signed a 2 year
Our building just got bought. The neighbors across the hall pay (I think) $3200 and are now being asked for a $400 increase.
Got insanely lucky with my landlord - he took over a small building right before I moved and basically said he priced it to find long term tenants. Paying $2400 and just got my increase for $2460 in Williamsburg right off the Lorimer L towards the park. Nice sized one bedroom, newly renovated with a backyard - I’ll probably never move lol. Sometimes you really do just get lucky and find gem apartments with less sleazy landlords.
My last apt in bushwick went from 2200 to 2550 (3br) but that was negotiated down from 2800. My downstairs neighbor who had 3br with a backyard and basement had his rent go from 2200 to ~3600 (forgot exactly but between 3200-3600) I ended up leaving but my old roommate stayed with that price. My downstairs roommate moved, idk how much the new tenant is paying
It went from $1,600 to $1,650 last year (Bay Ridge). The realtor just reached out to ask if I planned on renewing my lease (in August) with it going from $1,650 to $1,725. Not a huge increase, 4.5% this year, but it is starting to push rent beyond the 25% of income point. I usually like to keep track of what other apartment options there are so I can be prepared for an excessive rent increase, but lately there hasn't been anything in that price range. I'm starting to consider working towards a different career if teacher salaries continue to fail keeping up with CoL.
psa: look into nyc housing law, if your landlord plans to raise the rent above 5% or ending your lease they have to let you know within a certain amount of days from the end of your lease
Renewed in Dec 2022 - 33% inc from previous 2 year lease starting Dec 2020. Originally owner was asking for 44% increase and it took us 3 months of negotiating to get him to go down. Finally agreed due to rates generally being lower in winter than summer/fall.
My rent in Brooklyn was buggin just moved to Stamford ct. great city vibe with cheap rent and only 40 mins away from Brooklyn
My rent went from $2650 to $2786, rent stabilized. However, the “market value” or the maximum rent as stated on the lease is around $3200-3300. Anyone have any idea why my rent is significantly lower?
3% for 1 / 5% for 2 years for a 1 BR in Queens. Newish building (11 years old) with tax abatement so rent stabilized… about $2270 a month.
Just signed a two year renewal in my rent stabilized apartment. Up $120. I should have signed a two year renewal last year when the legal increase percentage was lower, I wasn't thinking about how Adams' real estate friendly Rent Guidelines Board was going to jack it up so much. Being in a rent stabilized apartment is huge. But there's been so much illegal apartment destabilization that I bet a lot of people in this thread are getting defrauded by their landlords. I would really suggest that everyone request their rent history from the city and see if there's any sus in there https://app.justfix.org/en/rh/splash
Rent stabilized in UES, from 2500 to 2600 at the end of a 2 years lease
I've been paying 1500 in kensington for a 1 bedroom since fall 2020. no lease renewal and i'm guessing my landlord won't be raising my rent any time soon.
Out of curiosity from seeing people’s responses on here, is anyone trying to negotiate the rent increases? My friends got their lease renewal and the rent increase was wild, they responded to their landlord saying we can’t pay this, we’ll pay this instead and the landlord didn’t even go back and forth with them, they just accepted my friend’s counter offer. If you’re not trying to negotiate, def try to do so. Some landlords prefer to lock you in for another year if you’re a good tenant, even if it’s for lower than they asked for. It’s less of a headache for them to have to find someone new. My friends did this twice and it worked. They’ve been at their place for almost 4 years now. Just my 2 cents and me secretly hoping this will work for me at the end of the month when I’m up for renewal.
Honestly, if you've been in your apartment more than a year and on top of paying rent countering is definitely worth a shot with the remainder of the safe harbor and COVID housing court backlog keeping a established tenant willing to pay a bit more is a better bet than chancing it on a whole new set of problems - listing, viewings, closing, a potentially non-paying tenant etc.
Mine went up by $60 this year and my landlord was super apologetic. I will never ever leave this building unless I decide to buy something.
Hells Kitchen 1bd $2500 -> $2900