Monthly Rent Report
Long Island City Rent Report — March 2023
Asking rents in ZIP 11101, New York City, from 325 listings.
Median 1BR rent in Long Island City was $3,910 in March 2023, up 4.3% (+$160) from February 2023 and up 4.8% year-over-year. The middle half of 1BR listings asked between $3,905 and $4,014. That puts Long Island City $1,611 above the New York City citywide 1BR median of $2,299. The month's figures are based on 325 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,387 | +$669 (+24.6%) | +$198 (+6.2%) | $3,124 – $3,476 | 12 |
| Studio | $3,317 | +$599 (+22.0%) | +$128 (+4.0%) | $3,299 – $3,336 | 2 |
| Studio | $3,112 | +$394 (+14.5%) | −$77 (-2.4%) | $2,888 – $3,454 | 63 |
| 1BR | $3,910 | +$160 (+4.3%) | +$180 (+4.8%) | $3,905 – $4,014 | 8 |
| 1BR | $4,175 | +$425 (+11.3%) | +$445 (+11.9%) | $3,991 – $4,261 | 7 |
| 1BR | $3,859 | +$109 (+2.9%) | +$129 (+3.5%) | $3,470 – $4,206 | 124 |
| 2BR | $6,100 | +$837 (+15.9%) | −$115 (-1.9%) | $6,035 – $6,164 | 2 |
| 2BR | $5,225 | −$37 (-0.7%) | −$990 (-15.9%) | $2,871 – $5,840 | 70 |
| 2BR | $6,235 | +$973 (+18.5%) | +$20 (+0.3%) | $5,519 – $6,235 | 5 |
| 3BR | $6,795 | +$145 (+2.2%) | −$240 (-3.4%) | $6,795 – $6,795 | 1 |
| 3BR | $7,000 | +$350 (+5.3%) | −$35 (-0.5%) | $6,282 – $8,665 | 31 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — March 2023
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,387 | $2,200 | +$1,187 (+54.0%) |
| Studio | $3,317 | $2,200 | +$1,117 (+50.8%) |
| Studio | $3,112 | $2,200 | +$912 (+41.5%) |
| 1BR | $3,910 | $2,299 | +$1,611 (+70.1%) |
| 1BR | $4,175 | $2,299 | +$1,876 (+81.6%) |
| 1BR | $3,859 | $2,299 | +$1,560 (+67.8%) |
| 2BR | $6,100 | $2,650 | +$3,450 (+130.2%) |
| 2BR | $5,225 | $2,650 | +$2,575 (+97.2%) |
| 2BR | $6,235 | $2,650 | +$3,585 (+135.3%) |
| 3BR | $6,795 | $3,200 | +$3,595 (+112.3%) |
| 3BR | $7,000 | $3,200 | +$3,800 (+118.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.