Monthly Rent Report
Long Island City Rent Report — November 2023
Asking rents in ZIP 11101, New York City, from 96 listings.
Median 1BR rent in Long Island City was $3,969 in November 2023, down 21.4% (−$1,078) from October 2023 and down 3.9% year-over-year. The middle half of 1BR listings asked between $3,951 and $4,184. That puts Long Island City $1,569 above the New York City citywide 1BR median of $2,400. The month's figures are based on 96 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,495 | +$236 (+7.2%) | +$241 (+7.4%) | $3,495 – $3,495 | 1 |
| Studio | $4,085 | +$826 (+25.3%) | +$831 (+25.5%) | $3,318 – $4,098 | 5 |
| Studio | $3,403 | +$144 (+4.4%) | +$149 (+4.6%) | $3,097 – $3,657 | 56 |
| 1BR | $3,969 | −$1,078 (-21.4%) | −$162 (-3.9%) | $3,951 – $4,184 | 4 |
| 1BR | $3,275 | −$1,772 (-35.1%) | −$856 (-20.7%) | $3,275 – $3,635 | 3 |
| 1BR | $4,678 | −$369 (-7.3%) | +$547 (+13.2%) | $4,297 – $4,848 | 11 |
| 2BR | $5,672 | +$53 (+0.9%) | −$436 (-7.1%) | $4,307 – $7,036 | 2 |
| 2BR | $4,432 | −$1,186 (-21.1%) | −$1,676 (-27.4%) | $4,432 – $4,432 | 2 |
| 2BR | $6,217 | +$599 (+10.7%) | +$109 (+1.8%) | $6,217 – $6,217 | 1 |
| 3BR | $7,585 | +$662 (+9.6%) | −$1,410 (-15.7%) | $7,249 – $7,921 | 2 |
| 3BR | $4,000 | −$2,923 (-42.2%) | −$4,995 (-55.5%) | $3,750 – $4,250 | 2 |
| 3BR | $8,495 | +$1,572 (+22.7%) | −$500 (-5.6%) | $8,395 – $8,608 | 3 |
| 4BR | $6,200 | — | −$1,795 (-22.5%) | $6,200 – $6,200 | 2 |
| 4BR | $6,200 | — | −$1,795 (-22.5%) | $6,200 – $6,200 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — November 2023
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,495 | $2,395 | +$1,100 (+45.9%) |
| Studio | $4,085 | $2,395 | +$1,690 (+70.6%) |
| Studio | $3,403 | $2,395 | +$1,008 (+42.1%) |
| 1BR | $3,969 | $2,400 | +$1,569 (+65.4%) |
| 1BR | $3,275 | $2,400 | +$875 (+36.5%) |
| 1BR | $4,678 | $2,400 | +$2,278 (+94.9%) |
| 2BR | $5,672 | $2,798 | +$2,874 (+102.7%) |
| 2BR | $4,432 | $2,798 | +$1,635 (+58.4%) |
| 2BR | $6,217 | $2,798 | +$3,420 (+122.2%) |
| 3BR | $7,585 | $3,300 | +$4,285 (+129.9%) |
| 3BR | $4,000 | $3,300 | +$700 (+21.2%) |
| 3BR | $8,495 | $3,300 | +$5,195 (+157.4%) |
| 4BR | $6,200 | $4,199 | +$2,001 (+47.7%) |
| 4BR | $6,200 | $4,199 | +$2,001 (+47.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2023.