Monthly Rent Report
Long Island City Rent Report — February 2024
Asking rents in ZIP 11101, New York City, from 552 listings.
Median 1BR rent in Long Island City was $4,153 in February 2024, down 0.2% (−$10) from January 2024 and up 14.2% year-over-year. The middle half of 1BR listings asked between $3,987 and $4,320. That puts Long Island City $1,703 above the New York City citywide 1BR median of $2,450. The month's figures are based on 552 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,528 | +$210 (+6.3%) | +$917 (+35.1%) | $3,318 – $3,865 | 7 |
| Studio | $3,555 | +$237 (+7.2%) | +$944 (+36.2%) | $3,555 – $3,555 | 1 |
| Studio | $3,358 | +$40 (+1.2%) | +$747 (+28.6%) | $3,112 – $3,550 | 101 |
| 1BR | $4,153 | −$10 (-0.2%) | +$518 (+14.2%) | $3,987 – $4,320 | 2 |
| 1BR | $3,950 | −$213 (-5.1%) | +$315 (+8.7%) | $3,696 – $4,399 | 238 |
| 1BR | $4,229 | +$66 (+1.6%) | +$594 (+16.3%) | $3,940 – $4,304 | 8 |
| 2BR | $6,103 | +$295 (+5.1%) | +$841 (+16.0%) | $5,866 – $6,129 | 6 |
| 2BR | $5,160 | −$647 (-11.1%) | −$102 (-1.9%) | $4,799 – $5,521 | 2 |
| 2BR | $5,506 | −$302 (-5.2%) | +$243 (+4.6%) | $4,500 – $6,200 | 134 |
| 3BR | $7,410 | +$1,993 (+36.8%) | +$760 (+11.4%) | $7,403 – $7,418 | 2 |
| 3BR | $6,775 | +$1,358 (+25.1%) | +$125 (+1.9%) | $4,100 – $8,564 | 38 |
| 3BR | $8,096 | +$2,679 (+49.4%) | +$1,446 (+21.7%) | $8,096 – $8,096 | 1 |
| 4BR | $6,350 | −$2,450 (-27.8%) | — | $6,200 – $6,500 | 6 |
| 4BR | $6,350 | −$2,450 (-27.8%) | — | $6,200 – $6,500 | 6 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — February 2024
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,528 | $2,359 | +$1,169 (+49.6%) |
| Studio | $3,555 | $2,359 | +$1,197 (+50.7%) |
| Studio | $3,358 | $2,359 | +$999 (+42.4%) |
| 1BR | $4,153 | $2,450 | +$1,703 (+69.5%) |
| 1BR | $3,950 | $2,450 | +$1,500 (+61.2%) |
| 1BR | $4,229 | $2,450 | +$1,779 (+72.6%) |
| 2BR | $6,103 | $2,979 | +$3,124 (+104.9%) |
| 2BR | $5,160 | $2,979 | +$2,181 (+73.2%) |
| 2BR | $5,506 | $2,979 | +$2,527 (+84.8%) |
| 3BR | $7,410 | $3,500 | +$3,910 (+111.7%) |
| 3BR | $6,775 | $3,500 | +$3,275 (+93.6%) |
| 3BR | $8,096 | $3,500 | +$4,596 (+131.3%) |
| 4BR | $6,350 | $4,148 | +$2,203 (+53.1%) |
| 4BR | $6,350 | $4,148 | +$2,203 (+53.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.