Rent control laws limit the amount a landlord can increase rents on existing tenants. Most states have laws that prohibit local governments from enacting rent control measures. But over 180 municipalities in the United States have rent control measures—and all of them are located in California, Maryland, New Jersey, New York, and Washington, D.C.
The state of Oregon has a statewide rent control law that limits annual rent increases to 7% plus the increase in the consumer price index.
As of the current knowledge cutoff in 2023, New Mexico does not have statewide rent control laws that limit the amount a landlord can increase rents on existing tenants. Unlike Oregon, which has implemented a statewide rent control policy limiting annual rent increases to a certain percentage plus the consumer price index, New Mexico allows landlords to set rent and increase it without a state-mandated cap. However, landlords must comply with the terms of the lease and provide proper notice to tenants before increasing rent. It's important for tenants and landlords in New Mexico to review their lease agreements and local regulations, as some municipalities may have specific rules regarding rent increases and tenant protections.