The city’s Rent Guidelines Board narrowly backed a proposal Tuesday night that would hike rents for the million-plus New Yorkers who live in rent-regulated housing.

The board okayed a tentative proposal that would allow for hikes ranging from .5-2.75 percent on one-year leases and 1.5 to 3.75 percent on two-year leases inked after October.

There are roughly 1 million rent-stabilized units in New York City.

A final vote is set for June 25.

The debate over rent hikes comes as the state Legislature mulls proposals to overhaul the rent laws. The measures include limiting or eliminating landlords’ ability to increase rents when apartments are vacated or renovated.

Under current law, rent-stabilized tenants who renewed leases for one-year between Oct. 1, 2018 through Sept. 30 of this year saw a 1.5 percent increase, and a 2.5 percent increase for two-year leases.