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Are you looking for an affordable apartment to rent in your local area? Rent control policies can help keep rents lower and more stable over time. This guide provides answers to common questions about rent control and lists apartments that offer rent stabilization in your neighborhood.
Rent control refers to laws or policies that place limits on how much a landlord can increase the rent for existing tenants. The goal is to protect residents from excessive rent hikes and possible displacement.
Some major cities that have established rent control include New York City, San Francisco, Los Angeles, Oakland and Washington D.C. Laws vary by location but typically apply to multi-unit apartment buildings constructed before a certain date.
Annual rent increase limits under rent control are often set at a percentage equal to the rate of inflation, usually around 3% or less. But the exact percentage allowed will depend on local rent control regulations.
Landlords can only evict rent-controlled tenants for specific reasons like non-payment of rent, violating the terms of the lease or if the owner intends to move into the unit themselves. No-fault evictions just to raise rents are prohibited.
Contact your local housing authority or search online rental listings to find properties in rent control-covered areas that may still have available units.
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