Monthly Rent Report
Long Island City Rent Report — August 2023
Asking rents in ZIP 11101, New York City, from 92 listings.
Median 1BR rent in Long Island City was $3,723 in August 2023, down 17.2% (−$774) from July 2023 and up 77.3% year-over-year. The middle half of 1BR listings asked between $3,394 and $4,045. That puts Long Island City $1,373 above the New York City citywide 1BR median of $2,350. The month's figures are based on 92 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,300 | −$130 (-3.8%) | −$195 (-5.6%) | $2,926 – $3,395 | 7 |
| Studio | $3,928 | +$498 (+14.5%) | +$433 (+12.4%) | $3,928 – $3,963 | 3 |
| Studio | $3,511 | +$81 (+2.4%) | +$16 (+0.5%) | $3,473 – $3,650 | 3 |
| 1BR | $3,723 | −$774 (-17.2%) | +$1,623 (+77.3%) | $3,394 – $4,045 | 12 |
| 1BR | $4,464 | −$33 (-0.7%) | +$2,364 (+112.6%) | $4,155 – $4,773 | 2 |
| 1BR | $4,515 | +$18 (+0.4%) | +$2,415 (+115.0%) | $4,469 – $4,816 | 19 |
| 2BR | $5,528 | −$763 (-12.1%) | +$356 (+6.9%) | $5,431 – $5,624 | 2 |
| 2BR | $5,630 | −$661 (-10.5%) | +$458 (+8.9%) | $3,200 – $6,200 | 9 |
| 2BR | $6,798 | +$507 (+8.1%) | +$1,626 (+31.4%) | $6,064 – $6,835 | 7 |
| 3BR | $7,746 | +$660 (+9.3%) | +$638 (+9.0%) | $7,746 – $7,767 | 3 |
| 3BR | $6,992 | −$94 (-1.3%) | −$116 (-1.6%) | $5,988 – $7,050 | 3 |
| 3BR | $7,625 | +$539 (+7.6%) | +$517 (+7.3%) | $6,938 – $8,313 | 2 |
| 4BR | $7,634 | +$1,784 (+30.5%) | — | $7,634 – $7,635 | 7 |
| 4BR | $7,635 | +$1,785 (+30.5%) | — | $7,634 – $7,650 | 13 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — August 2023
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,300 | $2,490 | +$810 (+32.5%) |
| Studio | $3,928 | $2,490 | +$1,438 (+57.8%) |
| Studio | $3,511 | $2,490 | +$1,021 (+41.0%) |
| 1BR | $3,723 | $2,350 | +$1,373 (+58.4%) |
| 1BR | $4,464 | $2,350 | +$2,114 (+90.0%) |
| 1BR | $4,515 | $2,350 | +$2,165 (+92.1%) |
| 2BR | $5,528 | $2,859 | +$2,669 (+93.3%) |
| 2BR | $5,630 | $2,859 | +$2,771 (+96.9%) |
| 2BR | $6,798 | $2,859 | +$3,939 (+137.8%) |
| 3BR | $7,746 | $3,413 | +$4,334 (+127.0%) |
| 3BR | $6,992 | $3,413 | +$3,580 (+104.9%) |
| 3BR | $7,625 | $3,413 | +$4,213 (+123.4%) |
| 4BR | $7,634 | $4,200 | +$3,434 (+81.8%) |
| 4BR | $7,635 | $4,200 | +$3,435 (+81.8%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.