Tenants in New York City’s roughly 1 million rent-stabilized apartments will face a fourth straight year of price hikes.The city’s Rent Guidelines Board on Monday in a 5-4 vote approved a 3% price increase for one-year leases that renew during the year beginning Oct.

The New York City Rent Guidelines Board approved a rate increase for more than a million rent-stabilized apartments across the five boroughs, despite objections from lawmakers and hundreds of tenants in attendance.

The New York City Rent Guidelines Board voted on Monday night to increase rates for rent-stabilized apartments.