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% Rent Increases?

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  • % Rent Increases?

    I keep hearing horrer stories about Chelsea rents going up 30%, but are these just the extreme cases? My lease is coming up, and I want to know what to expect. What % increases have you seen (and for what part of Chelsea)?
    Last edited by cmw_1976; 05-27-2007, 11:56 AM. Reason: spelling

  • #2
    Re: % Rent Increases?

    My neighbor did get a proposed $300 a month increase. This was abouta 16% increase. He was not under stablization. So, yes some are getting sizable increases

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    • #3
      Re: % Rent Increases?

      I just moved into the area several months ago. The rents are astronomical! And I found a studio in a very plain building on 25th St. across from the projects...and believe me this is the worst block in the area....and my rent is 1900/month! That is what the market will bare now....unreal! And my rent is one of the lowest of any apt. that I saw!

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