The Big Apple’s rent board is set to approve hikes on Wednesday that could see the cost of an annual lease increase by as much as 5 to 7% percent, offering a conclusion to weeks of contentious public hearings that’s sure to leave both landlords and tenants unsatisfied.

The coming vote by the Rent Guidelines Board will hit the pocketbooks of the estimated 3 million New Yorkers who live in the roughly 1 million rent-stabilized units — accounting for one-third of the housing stock — across the five boroughs.

In May, the nine-person panel — which is appointed by Mayor Eric Adams — signaled it was eying hikes for new and renewed leases issued between October 1 and September 30, 2024, of 2% to 5% for a one-year deal and 4 to 7% for a two-year agreement.

A 5 percent hike would amount to an extra $100 per month for a person or household with a $2,000 rent.

That infuriated renter representatives who asked for a rent freeze, but it was far below the 14% sought by owners, who cited high inflation and energy bills to justify the request.

The vote triggered contentious public hearings in each of the city’s five boroughs, including one last week in Downtown Brooklyn, where tenants packed an auditorium to protest any hike.

Both sides continue to press their cases in the hours before the panel casts its final vote.

“In the midst of a historic affordability crisis in New York City, we call on the Rent Guidelines Board to freeze rents for all tenants living in rent stabilized units,” said Adriene Holder, a top attorney at the Legal Aid Society, which represents many poorer tenants facing eviction in housing court.

“This is absolutely not the time to further burden already suffering New Yorkers — many of whom are seniors, working-class families, people living with disabilities, and people of color — with unnecessary and crippling rent hikes,” she added.

Last year, the Rent Board approved increases of up to 3.25% for one-year leases, while two-year deals could see hikes of up to 5%.