Monthly Rent Report
Long Island City Rent Report — September 2023
Asking rents in ZIP 11101, New York City, from 28 listings.
Median 1BR rent in Long Island City was $4,307 in September 2023, up 15.7% (+$584) from August 2023 and down 1.7% year-over-year. The middle half of 1BR listings asked between $4,291 and $4,475. That puts Long Island City $1,807 above the New York City citywide 1BR median of $2,500. The month's figures are based on 28 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,727 | +$427 (+12.9%) | +$615 (+19.8%) | $3,727 – $3,727 | 1 |
| Studio | $3,075 | −$225 (-6.8%) | −$37 (-1.2%) | $2,911 – $3,158 | 4 |
| 1BR | $4,307 | +$584 (+15.7%) | −$74 (-1.7%) | $4,291 – $4,475 | 5 |
| 1BR | $3,000 | −$722 (-19.4%) | −$1,381 (-31.5%) | $3,000 – $3,375 | 7 |
| 2BR | $5,730 | −$1,068 (-15.7%) | +$480 (+9.2%) | $5,730 – $5,730 | 1 |
| 2BR | $6,653 | −$145 (-2.1%) | +$1,403 (+26.7%) | $5,588 – $7,455 | 6 |
| 3BR | $5,380 | −$2,366 (-30.5%) | −$3,615 (-40.2%) | $5,120 – $5,640 | 2 |
| 3BR | $6,868 | −$878 (-11.3%) | −$2,127 (-23.6%) | $6,834 – $6,902 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — September 2023
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,727 | $2,400 | +$1,327 (+55.3%) |
| Studio | $3,075 | $2,400 | +$675 (+28.1%) |
| 1BR | $4,307 | $2,500 | +$1,807 (+72.3%) |
| 1BR | $3,000 | $2,500 | +$500 (+20.0%) |
| 2BR | $5,730 | $3,000 | +$2,730 (+91.0%) |
| 2BR | $6,653 | $3,000 | +$3,653 (+121.8%) |
| 3BR | $5,380 | $3,500 | +$1,880 (+53.7%) |
| 3BR | $6,868 | $3,500 | +$3,368 (+96.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.