Monthly Rent Report
Long Island City Rent Report — August 2022
Asking rents in ZIP 11101, New York City, from 178 listings.
Median 1BR rent in Long Island City was $2,550 in August 2022, down 54.4% (−$3,045) from July 2022 and down 34.4% year-over-year. The middle half of 1BR listings asked between $2,550 and $2,550. That puts Long Island City $200 above the New York City citywide 1BR median of $2,350. The month's figures are based on 178 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,591 | +$391 (+12.2%) | +$791 (+28.2%) | $3,566 – $3,666 | 3 |
| Studio | $3,600 | +$400 (+12.5%) | +$800 (+28.6%) | $3,600 – $3,600 | 1 |
| Studio | $3,495 | +$295 (+9.2%) | +$695 (+24.8%) | $3,495 – $4,095 | 5 |
| 1BR | $2,550 | −$3,045 (-54.4%) | −$1,335 (-34.4%) | $2,550 – $2,550 | 1 |
| 1BR | $4,004 | −$1,591 (-28.4%) | +$119 (+3.1%) | $4,004 – $4,004 | 1 |
| 1BR | $4,500 | −$1,095 (-19.6%) | +$615 (+15.8%) | $4,195 – $4,695 | 21 |
| 1BR | $2,100 | −$3,495 (-62.5%) | −$1,785 (-45.9%) | $2,100 – $2,100 | 1 |
| 2BR | $6,533 | +$853 (+15.0%) | +$1,691 (+34.9%) | $6,183 – $6,883 | 2 |
| 2BR | $6,500 | +$820 (+14.4%) | +$1,658 (+34.2%) | $6,463 – $7,500 | 14 |
| 2BR | $5,172 | −$508 (-8.9%) | +$330 (+6.8%) | $4,500 – $6,088 | 114 |
| 3BR | $6,968 | −$932 (-11.8%) | +$1,413 (+25.4%) | $6,914 – $7,048 | 3 |
| 3BR | $7,108 | −$792 (-10.0%) | +$1,553 (+27.9%) | $5,172 – $8,043 | 12 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — August 2022
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,591 | $2,300 | +$1,291 (+56.1%) |
| Studio | $3,600 | $2,300 | +$1,300 (+56.5%) |
| Studio | $3,495 | $2,300 | +$1,195 (+52.0%) |
| 1BR | $2,550 | $2,350 | +$200 (+8.5%) |
| 1BR | $4,004 | $2,350 | +$1,654 (+70.4%) |
| 1BR | $4,500 | $2,350 | +$2,150 (+91.5%) |
| 1BR | $2,100 | $2,350 | −$250 (-10.6%) |
| 2BR | $6,533 | $2,800 | +$3,733 (+133.3%) |
| 2BR | $6,500 | $2,800 | +$3,700 (+132.1%) |
| 2BR | $5,172 | $2,800 | +$2,372 (+84.7%) |
| 3BR | $6,968 | $3,350 | +$3,618 (+108.0%) |
| 3BR | $7,108 | $3,350 | +$3,758 (+112.2%) |
Citywide figure is the median of zip-level medians across 168 New York City zip codes with listings in August 2022.