Monthly Rent Report
Long Island City Rent Report — January 2024
Asking rents in ZIP 11101, New York City, from 224 listings.
Median 1BR rent in Long Island City was $4,102 in January 2024, up 5.8% (+$224) from December 2023 and up 10.9% year-over-year. The middle half of 1BR listings asked between $4,102 and $4,102. That puts Long Island City $1,752 above the New York City citywide 1BR median of $2,350. The month's figures are based on 224 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,232 | −$648 (-16.7%) | +$53 (+1.7%) | $3,004 – $3,471 | 4 |
| Studio | $3,358 | −$522 (-13.5%) | +$179 (+5.6%) | $3,000 – $3,650 | 41 |
| Studio | $3,318 | −$562 (-14.5%) | +$139 (+4.4%) | $2,872 – $3,656 | 3 |
| 1BR | $4,102 | +$224 (+5.8%) | +$402 (+10.9%) | $4,102 – $4,102 | 1 |
| 1BR | $4,163 | +$285 (+7.3%) | +$463 (+12.5%) | $3,985 – $4,389 | 3 |
| 1BR | $3,983 | +$105 (+2.7%) | +$283 (+7.6%) | $3,696 – $4,407 | 90 |
| 2BR | $5,808 | −$2,167 (-27.2%) | −$251 (-4.1%) | $5,791 – $5,824 | 2 |
| 2BR | $7,895 | −$79 (-1.0%) | +$1,836 (+30.3%) | $7,003 – $7,985 | 3 |
| 2BR | $5,503 | −$2,472 (-31.0%) | −$556 (-9.2%) | $4,308 – $6,375 | 54 |
| 3BR | $7,495 | +$2,895 (+62.9%) | +$500 (+7.1%) | $7,495 – $7,495 | 2 |
| 3BR | $5,417 | +$817 (+17.8%) | −$1,578 (-22.6%) | $3,425 – $7,750 | 15 |
| 3BR | $7,802 | +$3,202 (+69.6%) | +$807 (+11.5%) | $7,184 – $8,421 | 2 |
| 4BR | $8,800 | +$2,600 (+41.9%) | — | $8,800 – $8,800 | 2 |
| 4BR | $8,800 | +$2,600 (+41.9%) | — | $8,800 – $8,800 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — January 2024
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,232 | $2,338 | +$895 (+38.3%) |
| Studio | $3,358 | $2,338 | +$1,021 (+43.7%) |
| Studio | $3,318 | $2,338 | +$981 (+41.9%) |
| 1BR | $4,102 | $2,350 | +$1,752 (+74.5%) |
| 1BR | $4,163 | $2,350 | +$1,813 (+77.1%) |
| 1BR | $3,983 | $2,350 | +$1,633 (+69.5%) |
| 2BR | $5,808 | $2,885 | +$2,923 (+101.3%) |
| 2BR | $7,895 | $2,885 | +$5,010 (+173.7%) |
| 2BR | $5,503 | $2,885 | +$2,618 (+90.7%) |
| 3BR | $7,495 | $3,443 | +$4,052 (+117.7%) |
| 3BR | $5,417 | $3,443 | +$1,974 (+57.3%) |
| 3BR | $7,802 | $3,443 | +$4,359 (+126.6%) |
| 4BR | $8,800 | $4,000 | +$4,800 (+120.0%) |
| 4BR | $8,800 | $4,000 | +$4,800 (+120.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.