The City of Takoma Park announced on Apr. 22 that the new Rent Stabilization Allowance will be set at 3.3% for the period from July 1, 2026 through June 30, 2027.
This annual adjustment affects tenants and landlords in rental properties with two or more units, as well as individual rental condominium units within the city. The allowance is determined each year based on changes in the Consumer Price Index published by the Department of Bureau of Labor Statistics for a twelve-month period ending in March.
According to city officials, landlords may only increase rent once per year under this policy. They are also required to provide tenants with a written notice at least two months before any rent increase takes effect.
The city’s approach aims to balance economic factors reflected by inflation while providing predictability and stability for both renters and property owners. The percentage cap ensures that increases align closely with broader cost-of-living trends measured over time.
Looking ahead, residents and landlords can expect continued updates to rent allowances annually as dictated by future Consumer Price Index figures.
