Monthly Rent Report
Long Island City Rent Report — October 2022
Asking rents in ZIP 11101, New York City, from 41 listings.
Median 1BR rent in Long Island City was $3,861 in October 2022, down 11.9% (−$520) from September 2022 and up 51.5% year-over-year. The middle half of 1BR listings asked between $3,833 and $3,888. That puts Long Island City $1,606 above the New York City citywide 1BR median of $2,255. The month's figures are based on 41 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,495 | +$336 (+10.6%) | +$256 (+7.9%) | $3,485 – $3,506 | 2 |
| Studio | $3,700 | +$541 (+17.1%) | +$460 (+14.2%) | $3,700 – $3,700 | 1 |
| Studio | $2,660 | −$500 (-15.8%) | −$580 (-17.9%) | $2,330 – $2,989 | 2 |
| 1BR | $3,861 | −$520 (-11.9%) | +$1,313 (+51.5%) | $3,833 – $3,888 | 2 |
| 1BR | $4,393 | +$12 (+0.3%) | +$1,845 (+72.4%) | $4,393 – $4,393 | 1 |
| 1BR | $4,564 | +$183 (+4.2%) | +$2,016 (+79.1%) | $4,564 – $4,564 | 1 |
| 2BR | $5,380 | −$325 (-5.7%) | +$42 (+0.8%) | $5,240 – $5,521 | 2 |
| 2BR | $3,950 | −$1,756 (-30.8%) | −$1,389 (-26.0%) | $3,950 – $5,400 | 10 |
| 2BR | $6,750 | +$1,044 (+18.3%) | +$1,411 (+26.4%) | $5,875 – $7,625 | 2 |
| 3BR | $6,450 | −$2,545 (-28.3%) | +$868 (+15.5%) | $6,450 – $6,450 | 1 |
| 3BR | $6,634 | −$2,361 (-26.3%) | +$1,051 (+18.8%) | $6,611 – $6,656 | 2 |
| 3BR | $6,500 | −$2,495 (-27.7%) | +$918 (+16.4%) | $3,895 – $7,250 | 9 |
| 4BR | $4,598 | −$6,402 (-58.2%) | −$1,402 (-23.4%) | $3,921 – $5,399 | 4 |
| 4BR | $4,995 | −$6,005 (-54.6%) | −$1,005 (-16.8%) | $4,495 – $5,495 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — October 2022
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,495 | $2,283 | +$1,213 (+53.1%) |
| Studio | $3,700 | $2,283 | +$1,418 (+62.1%) |
| Studio | $2,660 | $2,283 | +$377 (+16.5%) |
| 1BR | $3,861 | $2,255 | +$1,606 (+71.2%) |
| 1BR | $4,393 | $2,255 | +$2,138 (+94.8%) |
| 1BR | $4,564 | $2,255 | +$2,309 (+102.4%) |
| 2BR | $5,380 | $2,700 | +$2,680 (+99.3%) |
| 2BR | $3,950 | $2,700 | +$1,250 (+46.3%) |
| 2BR | $6,750 | $2,700 | +$4,050 (+150.0%) |
| 3BR | $6,450 | $3,200 | +$3,250 (+101.6%) |
| 3BR | $6,634 | $3,200 | +$3,434 (+107.3%) |
| 3BR | $6,500 | $3,200 | +$3,300 (+103.1%) |
| 4BR | $4,598 | $3,999 | +$599 (+15.0%) |
| 4BR | $4,995 | $3,999 | +$996 (+24.9%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in October 2022.