NYC's rent freeze is finally becoming a reality. Here are 3 things renters should know.
One of New York City Mayor Zohran Mamdani's central campaign promises was to fight for affordable housing. Selcuk Acar/Anadolu via Getty Images NYC Mayor Zohran Mamdani's rent freeze for stabilized apartments starts in October 2026. Critics argue the rent freeze could degrade apartment quality and raise market-rate rents. Submit an inquiry to check if your apartment is rent-stabilized via the NY State Homes agency. One of New York City Mayor Zohran Mamdani's signature campaign promises is officially coming to fruition. New York City's Rent Guidelines Board voted 7-1 on June 25 to freeze rents on one- and two-year leases for roughly 1 million rent-stabilized apartments. The rent freeze comes as many New Yorkers struggle to find affordable housing in one of the world's most expensive cities. Supporters see the policy as a way to address the affordability crisis by preventing housing costs from rising. Through Business Insider's Cost of the City series, we'v...
