On Monday night, the Rent Guidelines Board voted to raise rents on the city’s roughly 1 million regulated apartments.

One-year leases will increase 2.75% and two-year leases will increase 5.25%.

The changes apply to leases signed on or after Oct. 1.

While the hikes mark the lowest one-year increase approved under the Adams administration, neither tenants nor landlords are happy with the move.

Tenant activists had urged the board to freeze rents, meanwhile landlords pushed for higher increases to offset their own growing costs.

Howard Slatkin, the executive director of Citizens Housing and Planning Council, joined NY1 political anchor Errol Louis on “Inside City Hall” Tuesday to discuss more.