Rent Out Property

Rent increases fights by tenants across NYC as Rent Guidelines Board weighs potential hikes of up to 7%

For many in Queens, rent increases of up to 7% under consideration citywide by the Rent Guidelines Board will drive them to make choices difficult.

“Asking people to choose between rent and food and medicine is beyond unfair, it’s obscene and amoral and [a] driving force in the housing crisis today,” said Douglas, an Elmhurst retired, during the board hearing on rates for rent-stabilized units at the Jamaica Performing Arts Center on Monday evening.

“If I get squeezed any more I’ll be living out of a cardboard box on the street.”

Speakers became emotional as they expressed frustration with their

Rent Out Property

Can’t Pay Rent? 7 Steps to Take

The sooner you act, the better.


Key points

  • Rental costs vary, but the median rent in the US stands at $1,978, making it hard to keep your costs under 30% of your income.
  • Read through your lease and contact your landlord ASAP if you can’t rent.
  • You may be able to get cash assistance from a local agency or loved one, and you might consider picking up a temporary side hustle to get you over the hump.

We’ve all watched prices rise over the last few years, and rent costs were definitely part of that general trend. Thankfully, the median