Monthly Rent Report
Long Island City Rent Report — February 2023
Asking rents in ZIP 11101, New York City, from 259 listings.
Median 1BR rent in Long Island City was $3,636 in February 2023, down 1.7% (−$64) from January 2023 and down 5.5% year-over-year. The middle half of 1BR listings asked between $3,578 and $3,693. That puts Long Island City $1,436 above the New York City citywide 1BR median of $2,200. The month's figures are based on 259 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,300 | −$68 (-2.0%) | +$395 (+13.6%) | $3,112 – $3,556 | 27 |
| Studio | $2,611 | −$757 (-22.5%) | −$294 (-10.1%) | $2,611 – $2,611 | 1 |
| Studio | $2,718 | −$650 (-19.3%) | −$187 (-6.4%) | $2,718 – $2,718 | 1 |
| 1BR | $3,636 | −$64 (-1.7%) | −$213 (-5.5%) | $3,578 – $3,693 | 2 |
| 1BR | $3,750 | +$50 (+1.4%) | −$98 (-2.6%) | $3,300 – $4,181 | 91 |
| 1BR | $3,823 | +$123 (+3.3%) | −$25 (-0.7%) | $3,823 – $3,823 | 1 |
| 2BR | $5,263 | +$687 (+15.0%) | +$586 (+12.5%) | $4,496 – $5,920 | 90 |
| 2BR | $5,106 | +$531 (+11.6%) | +$430 (+9.2%) | $5,012 – $5,201 | 2 |
| 2BR | $2,400 | −$2,175 (-47.5%) | −$2,276 (-48.7%) | $2,350 – $2,400 | 3 |
| 3BR | $6,650 | −$458 (-6.4%) | −$922 (-12.2%) | $3,713 – $8,698 | 39 |
| 3BR | $6,357 | −$751 (-10.6%) | −$1,216 (-16.1%) | $6,210 – $6,503 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — February 2023
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,300 | $2,260 | +$1,040 (+46.0%) |
| Studio | $2,611 | $2,260 | +$351 (+15.5%) |
| Studio | $2,718 | $2,260 | +$458 (+20.3%) |
| 1BR | $3,636 | $2,200 | +$1,436 (+65.3%) |
| 1BR | $3,750 | $2,200 | +$1,551 (+70.5%) |
| 1BR | $3,823 | $2,200 | +$1,624 (+73.8%) |
| 2BR | $5,263 | $2,695 | +$2,568 (+95.3%) |
| 2BR | $5,106 | $2,695 | +$2,411 (+89.5%) |
| 2BR | $2,400 | $2,695 | −$295 (-10.9%) |
| 3BR | $6,650 | $3,200 | +$3,450 (+107.8%) |
| 3BR | $6,357 | $3,200 | +$3,157 (+98.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.