Monthly Rent Report
Long Island City Rent Report — May 2022
Asking rents in ZIP 11101, New York City, from 19 listings.
Median 1BR rent in Long Island City was $4,195 in May 2022, up 12.6% (+$470) from April 2022 and up 68.0% year-over-year. The middle half of 1BR listings asked between $4,195 and $4,195. That puts Long Island City $2,133 above the New York City citywide 1BR median of $2,063. The month's figures are based on 19 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,830 | −$154 (-5.2%) | +$333 (+13.3%) | $2,765 – $2,905 | 3 |
| 1BR | $4,195 | +$470 (+12.6%) | +$1,699 (+68.0%) | $4,195 – $4,195 | 1 |
| 1BR | $3,710 | −$15 (-0.4%) | +$1,214 (+48.6%) | $3,521 – $3,843 | 7 |
| 2BR | $5,772 | +$164 (+2.9%) | +$1,372 (+31.2%) | $5,772 – $5,772 | 1 |
| 2BR | $4,750 | −$858 (-15.3%) | +$350 (+8.0%) | $4,750 – $4,750 | 1 |
| 3BR | $7,000 | +$407 (+6.2%) | +$1,985 (+39.6%) | $7,000 – $7,000 | 1 |
| 4BR | $7,950 | +$1,950 (+32.5%) | +$2,537 (+46.9%) | $7,950 – $17,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — May 2022
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,830 | $1,875 | +$955 (+50.9%) |
| 1BR | $4,195 | $2,063 | +$2,133 (+103.4%) |
| 1BR | $3,710 | $2,063 | +$1,648 (+79.9%) |
| 2BR | $5,772 | $2,499 | +$3,273 (+131.0%) |
| 2BR | $4,750 | $2,499 | +$2,251 (+90.1%) |
| 3BR | $7,000 | $2,950 | +$4,050 (+137.3%) |
| 4BR | $7,950 | $3,600 | +$4,350 (+120.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2022.