Read More on News...California's statewide rent cap law therefore does not set a single rent increase limit. California was one of the first states to adopt a broad statewide rent cap, but it’s no longer alone. Oregon actually became the nation's first state to enact statewide rent stabilization in 2019. While neighboring New Jersey does not have a statewide rent cap, over 100 municipalities maintain their own rent-control ordinances. Montgomery County has adopted rent stabilization policies that limit annual rent increases for many older rental properties.