Monthly Rent Report
Long Island City Rent Report — July 2022
Asking rents in ZIP 11101, New York City, from 142 listings.
Median 1BR rent in Long Island City was $5,595 in July 2022, up 67.0% (+$2,245) from June 2022 and up 70.7% year-over-year. The middle half of 1BR listings asked between $5,150 and $5,625. That puts Long Island City $3,329 above the New York City citywide 1BR median of $2,266. The month's figures are based on 142 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,978 | −$548 (-15.5%) | +$290 (+10.8%) | $2,895 – $3,060 | 2 |
| Studio | $4,613 | +$1,087 (+30.8%) | +$1,925 (+71.6%) | $4,581 – $4,644 | 2 |
| Studio | $3,200 | −$325 (-9.2%) | +$513 (+19.1%) | $2,965 – $3,600 | 27 |
| 1BR | $5,595 | +$2,245 (+67.0%) | +$2,318 (+70.7%) | $5,150 – $5,625 | 5 |
| 1BR | $3,825 | +$475 (+14.2%) | +$548 (+16.7%) | $3,510 – $4,252 | 80 |
| 1BR | $4,004 | +$654 (+19.5%) | +$727 (+22.2%) | $3,730 – $4,250 | 9 |
| 2BR | $6,111 | −$106 (-1.7%) | +$1,569 (+34.5%) | $5,893 – $6,328 | 2 |
| 2BR | $5,680 | −$536 (-8.6%) | +$1,138 (+25.1%) | $5,680 – $5,680 | 1 |
| 2BR | $8,090 | +$1,874 (+30.1%) | +$3,548 (+78.1%) | $8,090 – $8,090 | 1 |
| 3BR | $7,900 | +$627 (+8.6%) | +$688 (+9.5%) | $5,700 – $8,498 | 11 |
| 3BR | $5,924 | −$1,349 (-18.6%) | −$1,288 (-17.9%) | $5,924 – $5,924 | 1 |
| 3BR | $8,595 | +$1,322 (+18.2%) | +$1,383 (+19.2%) | $8,595 – $8,595 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — July 2022
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,978 | $2,245 | +$733 (+32.6%) |
| Studio | $4,613 | $2,245 | +$2,368 (+105.5%) |
| Studio | $3,200 | $2,245 | +$955 (+42.6%) |
| 1BR | $5,595 | $2,266 | +$3,329 (+146.9%) |
| 1BR | $3,825 | $2,266 | +$1,559 (+68.8%) |
| 1BR | $4,004 | $2,266 | +$1,738 (+76.7%) |
| 2BR | $6,111 | $2,800 | +$3,311 (+118.2%) |
| 2BR | $5,680 | $2,800 | +$2,880 (+102.9%) |
| 2BR | $8,090 | $2,800 | +$5,290 (+188.9%) |
| 3BR | $7,900 | $3,250 | +$4,650 (+143.1%) |
| 3BR | $5,924 | $3,250 | +$2,674 (+82.3%) |
| 3BR | $8,595 | $3,250 | +$5,345 (+164.5%) |
Citywide figure is the median of zip-level medians across 172 New York City zip codes with listings in July 2022.