Monthly Rent Report
Long Island City Rent Report — December 2023
Asking rents in ZIP 11101, New York City, from 164 listings.
Median 1BR rent in Long Island City was $3,878 in December 2023, down 17.1% (−$800) from November 2023 and up 2.1% year-over-year. The middle half of 1BR listings asked between $3,722 and $4,037. That puts Long Island City $1,478 above the New York City citywide 1BR median of $2,400. The month's figures are based on 164 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,880 | +$478 (+14.0%) | +$626 (+19.2%) | $3,318 – $4,088 | 8 |
| Studio | $3,112 | −$290 (-8.5%) | −$142 (-4.4%) | $3,039 – $3,159 | 4 |
| Studio | $3,403 | $0 (0.0%) | +$149 (+4.6%) | $3,351 – $3,454 | 2 |
| 1BR | $3,878 | −$800 (-17.1%) | +$78 (+2.1%) | $3,722 – $4,037 | 11 |
| 1BR | $4,537 | −$141 (-3.0%) | +$737 (+19.4%) | $4,341 – $4,825 | 15 |
| 1BR | $3,998 | −$680 (-14.5%) | +$198 (+5.2%) | $3,793 – $4,202 | 2 |
| 2BR | $5,845 | −$372 (-6.0%) | +$450 (+8.3%) | $5,722 – $6,422 | 3 |
| 2BR | $4,999 | −$1,218 (-19.6%) | −$396 (-7.3%) | $4,999 – $6,391 | 11 |
| 2BR | $7,975 | +$1,758 (+28.3%) | +$2,579 (+47.8%) | $6,584 – $8,300 | 6 |
| 3BR | $4,600 | +$600 (+15.0%) | −$3,652 (-44.3%) | $3,500 – $7,103 | 92 |
| 3BR | $8,145 | +$4,145 (+103.6%) | −$107 (-1.3%) | $7,980 – $8,445 | 6 |
| 3BR | $7,243 | +$3,243 (+81.1%) | −$1,010 (-12.2%) | $6,750 – $7,736 | 2 |
| 4BR | $6,200 | $0 (0.0%) | −$1,600 (-20.5%) | $6,200 – $6,200 | 1 |
| 4BR | $6,200 | $0 (0.0%) | −$1,600 (-20.5%) | $6,200 – $6,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — December 2023
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,880 | $2,362 | +$1,518 (+64.3%) |
| Studio | $3,112 | $2,362 | +$750 (+31.8%) |
| Studio | $3,403 | $2,362 | +$1,041 (+44.1%) |
| 1BR | $3,878 | $2,400 | +$1,478 (+61.6%) |
| 1BR | $4,537 | $2,400 | +$2,137 (+89.0%) |
| 1BR | $3,998 | $2,400 | +$1,598 (+66.6%) |
| 2BR | $5,845 | $2,900 | +$2,945 (+101.6%) |
| 2BR | $4,999 | $2,900 | +$2,099 (+72.4%) |
| 2BR | $7,975 | $2,900 | +$5,075 (+175.0%) |
| 3BR | $4,600 | $3,500 | +$1,100 (+31.4%) |
| 3BR | $8,145 | $3,500 | +$4,645 (+132.7%) |
| 3BR | $7,243 | $3,500 | +$3,743 (+106.9%) |
| 4BR | $6,200 | $4,070 | +$2,130 (+52.3%) |
| 4BR | $6,200 | $4,070 | +$2,130 (+52.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.