Monthly Rent Report
Long Island City Rent Report — July 2023
Asking rents in ZIP 11101, New York City, from 90 listings.
Median 1BR rent in Long Island City was $4,497 in July 2023, down 1.5% (−$67) from June 2023 and up 17.6% year-over-year. The middle half of 1BR listings asked between $4,497 and $4,497. That puts Long Island City $2,047 above the New York City citywide 1BR median of $2,450. The month's figures are based on 90 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,430 | −$75 (-2.1%) | +$230 (+7.2%) | $3,335 – $3,525 | 2 |
| Studio | $3,367 | −$138 (-3.9%) | +$167 (+5.2%) | $3,050 – $3,600 | 35 |
| Studio | $3,859 | +$354 (+10.1%) | +$659 (+20.6%) | $3,859 – $3,859 | 1 |
| 1BR | $4,497 | −$67 (-1.5%) | +$672 (+17.6%) | $4,497 – $4,497 | 1 |
| 1BR | $4,497 | −$67 (-1.5%) | +$672 (+17.6%) | $4,497 – $4,497 | 1 |
| 1BR | $3,000 | −$1,564 (-34.3%) | −$825 (-21.6%) | $3,000 – $3,000 | 1 |
| 2BR | $5,800 | −$261 (-4.3%) | −$310 (-5.1%) | $4,613 – $7,375 | 31 |
| 2BR | $6,291 | +$230 (+3.8%) | +$181 (+3.0%) | $6,116 – $6,466 | 2 |
| 2BR | $6,392 | +$331 (+5.5%) | +$282 (+4.6%) | $5,913 – $6,871 | 4 |
| 3BR | $7,086 | −$809 (-10.2%) | −$814 (-10.3%) | $7,086 – $7,086 | 1 |
| 3BR | $7,000 | −$895 (-11.3%) | −$900 (-11.4%) | $6,500 – $8,700 | 9 |
| 4BR | $8,054 | — | — | $8,054 – $8,054 | 1 |
| 4BR | $5,850 | — | — | $5,850 – $5,850 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — July 2023
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,430 | $2,498 | +$933 (+37.3%) |
| Studio | $3,367 | $2,498 | +$870 (+34.8%) |
| Studio | $3,859 | $2,498 | +$1,362 (+54.5%) |
| 1BR | $4,497 | $2,450 | +$2,047 (+83.5%) |
| 1BR | $4,497 | $2,450 | +$2,047 (+83.6%) |
| 1BR | $3,000 | $2,450 | +$550 (+22.4%) |
| 2BR | $5,800 | $2,800 | +$3,000 (+107.1%) |
| 2BR | $6,291 | $2,800 | +$3,491 (+124.7%) |
| 2BR | $6,392 | $2,800 | +$3,592 (+128.3%) |
| 3BR | $7,086 | $3,400 | +$3,686 (+108.4%) |
| 3BR | $7,000 | $3,400 | +$3,600 (+105.9%) |
| 4BR | $8,054 | $4,200 | +$3,854 (+91.8%) |
| 4BR | $5,850 | $4,200 | +$1,650 (+39.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.