Rent control is a broad term for legislation that limits rent rates in a city or state. Rent control laws vary by municipality, but they generally put a ceiling on the maximum rent that can be charged for a unit, as well as the that the rent can be increased per year. Rent control laws are one way cities that regulates the housing market.
The aim of these price controls is to maintain a base of affordable rental housing for low and moderate income tenants. In the City of Camden, Rent Control increase rate is determined by Consumer Price Index of the Philadelphia, Pennsylvania metropolitan area which is published by the United States Department of Labor Bureau of Labor Statistics.
