Monthly Rent Report
Long Island City Rent Report — October 2023
Asking rents in ZIP 11101, New York City, from 116 listings.
Median 1BR rent in Long Island City was $5,048 in October 2023, up 68.3% (+$2,048) from September 2023 and up 30.7% year-over-year. The middle half of 1BR listings asked between $4,917 and $5,174. That puts Long Island City $2,598 above the New York City citywide 1BR median of $2,450. The month's figures are based on 116 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,350 | −$377 (-10.1%) | −$145 (-4.2%) | $3,112 – $3,657 | 19 |
| Studio | $3,259 | −$468 (-12.6%) | −$236 (-6.8%) | $3,259 – $3,259 | 1 |
| Studio | $4,048 | +$320 (+8.6%) | +$552 (+15.8%) | $4,021 – $4,074 | 2 |
| 1BR | $5,048 | +$2,048 (+68.3%) | +$1,187 (+30.7%) | $4,917 – $5,174 | 4 |
| 1BR | $4,304 | +$1,304 (+43.5%) | +$444 (+11.5%) | $4,304 – $4,304 | 5 |
| 1BR | $3,865 | +$865 (+28.8%) | +$5 (+0.1%) | $3,722 – $4,069 | 5 |
| 2BR | $5,619 | −$1,034 (-15.5%) | +$1,669 (+42.2%) | $4,548 – $6,213 | 52 |
| 2BR | $6,127 | −$525 (-7.9%) | +$2,177 (+55.1%) | $6,001 – $6,371 | 3 |
| 2BR | $8,495 | +$1,843 (+27.7%) | +$4,545 (+115.1%) | $8,495 – $8,495 | 1 |
| 3BR | $6,842 | −$26 (-0.4%) | +$392 (+6.1%) | $6,842 – $6,842 | 1 |
| 3BR | $6,923 | +$55 (+0.8%) | +$473 (+7.3%) | $4,800 – $7,300 | 20 |
| 3BR | $8,495 | +$1,627 (+23.7%) | +$2,045 (+31.7%) | $8,445 – $8,573 | 3 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — October 2023
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,350 | $2,411 | +$940 (+39.0%) |
| Studio | $3,259 | $2,411 | +$849 (+35.2%) |
| Studio | $4,048 | $2,411 | +$1,637 (+67.9%) |
| 1BR | $5,048 | $2,450 | +$2,598 (+106.0%) |
| 1BR | $4,304 | $2,450 | +$1,854 (+75.7%) |
| 1BR | $3,865 | $2,450 | +$1,415 (+57.8%) |
| 2BR | $5,619 | $2,900 | +$2,719 (+93.7%) |
| 2BR | $6,127 | $2,900 | +$3,227 (+111.3%) |
| 2BR | $8,495 | $2,900 | +$5,595 (+192.9%) |
| 3BR | $6,842 | $3,349 | +$3,493 (+104.3%) |
| 3BR | $6,923 | $3,349 | +$3,574 (+106.7%) |
| 3BR | $8,495 | $3,349 | +$5,146 (+153.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.