Monthly Rent Report
Long Island City Rent Report — April 2023
Asking rents in ZIP 11101, New York City, from 342 listings.
Median 1BR rent in Long Island City was $4,000 in April 2023, up 2.3% (+$90) from March 2023 and up 7.4% year-over-year. The middle half of 1BR listings asked between $3,850 and $4,398. That puts Long Island City $1,628 above the New York City citywide 1BR median of $2,373. The month's figures are based on 342 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,300 | −$87 (-2.6%) | +$316 (+10.6%) | $3,000 – $3,500 | 69 |
| Studio | $3,425 | +$38 (+1.1%) | +$441 (+14.8%) | $3,422 – $3,538 | 7 |
| Studio | $3,354 | −$33 (-1.0%) | +$370 (+12.4%) | $3,354 – $3,354 | 1 |
| 1BR | $4,000 | +$90 (+2.3%) | +$275 (+7.4%) | $3,850 – $4,398 | 3 |
| 1BR | $3,500 | −$410 (-10.5%) | −$225 (-6.0%) | $3,250 – $3,500 | 3 |
| 1BR | $4,050 | +$140 (+3.6%) | +$325 (+8.7%) | $3,800 – $4,519 | 136 |
| 2BR | $5,947 | −$288 (-4.6%) | +$340 (+6.1%) | $5,947 – $5,947 | 1 |
| 2BR | $5,800 | −$435 (-7.0%) | +$192 (+3.4%) | $5,305 – $6,680 | 93 |
| 2BR | $6,235 | $0 (0.0%) | +$627 (+11.2%) | $6,235 – $6,235 | 1 |
| 3BR | $7,500 | +$705 (+10.4%) | +$907 (+13.7%) | $6,150 – $9,200 | 27 |
| 3BR | $7,674 | +$879 (+12.9%) | +$1,080 (+16.4%) | $7,674 – $7,674 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — April 2023
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,300 | $2,349 | +$951 (+40.5%) |
| Studio | $3,425 | $2,349 | +$1,076 (+45.8%) |
| Studio | $3,354 | $2,349 | +$1,005 (+42.8%) |
| 1BR | $4,000 | $2,373 | +$1,628 (+68.6%) |
| 1BR | $3,500 | $2,373 | +$1,128 (+47.5%) |
| 1BR | $4,050 | $2,373 | +$1,678 (+70.7%) |
| 2BR | $5,947 | $2,795 | +$3,152 (+112.8%) |
| 2BR | $5,800 | $2,795 | +$3,005 (+107.5%) |
| 2BR | $6,235 | $2,795 | +$3,440 (+123.1%) |
| 3BR | $7,500 | $3,200 | +$4,300 (+134.4%) |
| 3BR | $7,674 | $3,200 | +$4,474 (+139.8%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2023.