Rent Increase Is Approved for N.Y.C. Rent-Stabilized Apartments The Rent Guidelines Board voted on Thursday to approve a rise in rents on rent-stabilized apartments in New York City, authorizing increases of up to 2 percent on one-year leases and 4 percent on two-year leases. In May, the board recommended increases of 1.75 to 4 percent on one-year leases, and 3.5 to 6.75 percent on two-year leases. About one million apartments in the city are rent stabilized. Last year, the nine-member board, which is appointed by Mayor Michael R. Bloomberg, approved increases of up to 3.75 percent on one-year leases and 7.25 percent on two-year leases. Adriene L. Holder, a tenant representative on the panel, said the vote was 5-to-4. The board's two tenant representatives voted against the measure, calling for a lower increase or a rent freeze, and its two owner representatives voted against it because they did not feel the increase was high enough, Ms. Holder said. The guidelines affect renewal leases entered into from Oct. 1, 2012 through Sept.