Metro's Board of Directors unanimously approved a fare increase by about five percent on Thursday.
The basic peak fare will jump from $1.95 to $2.10, while the maximum peak fare will increase to $5.75.
The basic off-peak fare will increase from $1.60 to $1.70. The maximum off-peak fare will increase to $3.50.
The board also approved the system's first-ever 28-day unlimited Metro pass. The $230 pass will allow riders with SmarTrip cards to take unlimited rides anywhere, any time for four weeks.
However, Metro riders will say goodbye to the $9 unlimited day pass with hourly restrictions. It's being replaced with a $14 unlimited day pass with no hourly restrictions.
Parking fees will increase by 25 cents, and non-SmarTrip card users will be charged an additional $1.
Bus trips will increase a dime for those with SmarTrip cards, and 20 cents for those without.
This will be the first increase in Metro's bus and rail fares in nearly two years. Metro hopes to use the revenue to help close a budget gap of about $100 million.
The changes take affect July 1.