Rent-stabilized rent hikes were approved by the Rent Guidelines Board, increasing one-year lease rents by 3% and two-year leases by 4.5%. This decision faced criticism from tenant activists and smaller landlords. The board considered and revised proposed ranges for rent increases leading up to the vote, reflecting the rising cost of living and tenants' stagnant incomes. Despite calls for a rent freeze amidst a worsening affordability crisis, the board proceeded with the increases, which will apply to leases issued or renewed on October 1, 2025.
"In a 5 to 4 vote, the nine-member board-composed of two landlord representatives, two tenant representatives, and five public members appointed by the mayor-approved the increases."
"Tenants with one-year leases can expect a 3 percent hike in their rents, while those with two-year leases will see rents climb 4.5 percent."
"Tenant board member Adán Soltren criticized Apple and the others on the board for 'ignoring the affordability' testimony heard at public hearings since March."
"Calls for rent freeze intensify as the city's affordability crisis worsens, with tenant advocates pushing for a rent freeze for regulated apartments."
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