Monthly Rent Report
Long Island City Rent Report — May 2023
Asking rents in ZIP 11101, New York City, from 385 listings.
Median 1BR rent in Long Island City was $4,220 in May 2023, up 4.2% (+$170) from April 2023 and up 0.6% year-over-year. The middle half of 1BR listings asked between $4,088 and $4,239. That puts Long Island City $1,742 above the New York City citywide 1BR median of $2,477. The month's figures are based on 385 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,667 | +$242 (+7.1%) | +$837 (+29.6%) | $3,636 – $3,698 | 2 |
| Studio | $3,524 | +$99 (+2.9%) | +$694 (+24.5%) | $3,427 – $3,695 | 8 |
| Studio | $3,425 | $0 (0.0%) | +$595 (+21.0%) | $3,112 – $3,600 | 68 |
| 1BR | $4,220 | +$170 (+4.2%) | +$25 (+0.6%) | $4,088 – $4,239 | 3 |
| 1BR | $4,222 | +$172 (+4.2%) | +$27 (+0.6%) | $4,050 – $4,493 | 10 |
| 1BR | $4,169 | +$119 (+2.9%) | −$26 (-0.6%) | $3,781 – $4,500 | 149 |
| 2BR | $5,659 | −$141 (-2.4%) | +$909 (+19.1%) | $5,659 – $5,659 | 1 |
| 2BR | $5,850 | +$50 (+0.9%) | +$1,100 (+23.2%) | $5,275 – $6,760 | 103 |
| 3BR | $8,665 | +$991 (+12.9%) | +$1,665 (+23.8%) | $6,724 – $8,996 | 40 |
| 3BR | $6,808 | −$866 (-11.3%) | −$192 (-2.7%) | $6,808 – $6,808 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — May 2023
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,667 | $2,450 | +$1,217 (+49.7%) |
| Studio | $3,524 | $2,450 | +$1,074 (+43.8%) |
| Studio | $3,425 | $2,450 | +$975 (+39.8%) |
| 1BR | $4,220 | $2,477 | +$1,742 (+70.3%) |
| 1BR | $4,222 | $2,477 | +$1,744 (+70.4%) |
| 1BR | $4,169 | $2,477 | +$1,692 (+68.3%) |
| 2BR | $5,659 | $2,800 | +$2,859 (+102.1%) |
| 2BR | $5,850 | $2,800 | +$3,050 (+108.9%) |
| 3BR | $8,665 | $3,225 | +$5,440 (+168.7%) |
| 3BR | $6,808 | $3,225 | +$3,583 (+111.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.