Monthly Rent Report
Long Island City Rent Report — March 2024
Asking rents in ZIP 11101, New York City, from 391 listings.
Median 1BR rent in Long Island City was $3,960 in March 2024, up 0.3% (+$10) from February 2024 and up 2.6% year-over-year. The middle half of 1BR listings asked between $3,700 and $4,400. That puts Long Island City $1,461 above the New York City citywide 1BR median of $2,499. The month's figures are based on 391 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,523 | −$5 (-0.1%) | +$411 (+13.2%) | $3,371 – $3,627 | 3 |
| Studio | $3,323 | −$205 (-5.8%) | +$211 (+6.8%) | $3,028 – $3,503 | 75 |
| Studio | $3,219 | −$309 (-8.8%) | +$107 (+3.4%) | $3,172 – $3,453 | 7 |
| 1BR | $3,960 | +$10 (+0.3%) | +$102 (+2.6%) | $3,700 – $4,400 | 162 |
| 1BR | $4,091 | +$141 (+3.6%) | +$233 (+6.0%) | $3,977 – $4,480 | 5 |
| 1BR | $4,501 | +$551 (+13.9%) | +$643 (+16.7%) | $4,151 – $4,727 | 4 |
| 2BR | $5,875 | +$370 (+6.7%) | −$360 (-5.8%) | $5,695 – $6,086 | 19 |
| 2BR | $6,948 | +$1,443 (+26.2%) | +$713 (+11.4%) | $6,948 – $6,948 | 1 |
| 2BR | $5,743 | +$237 (+4.3%) | −$492 (-7.9%) | $5,000 – $6,313 | 88 |
| 3BR | $7,135 | +$361 (+5.3%) | +$135 (+1.9%) | $7,135 – $7,135 | 1 |
| 3BR | $7,435 | +$660 (+9.7%) | +$435 (+6.2%) | $5,581 – $9,775 | 24 |
| 4BR | $5,300 | −$1,050 (-16.5%) | — | $5,300 – $5,300 | 1 |
| 4BR | $5,300 | −$1,050 (-16.5%) | — | $5,300 – $5,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — March 2024
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,523 | $2,450 | +$1,073 (+43.8%) |
| Studio | $3,323 | $2,450 | +$873 (+35.6%) |
| Studio | $3,219 | $2,450 | +$769 (+31.4%) |
| 1BR | $3,960 | $2,499 | +$1,461 (+58.5%) |
| 1BR | $4,091 | $2,499 | +$1,592 (+63.7%) |
| 1BR | $4,501 | $2,499 | +$2,002 (+80.1%) |
| 2BR | $5,875 | $2,995 | +$2,881 (+96.2%) |
| 2BR | $6,948 | $2,995 | +$3,954 (+132.0%) |
| 2BR | $5,743 | $2,995 | +$2,748 (+91.8%) |
| 3BR | $7,135 | $3,500 | +$3,635 (+103.9%) |
| 3BR | $7,435 | $3,500 | +$3,935 (+112.4%) |
| 4BR | $5,300 | $4,250 | +$1,051 (+24.7%) |
| 4BR | $5,300 | $4,250 | +$1,051 (+24.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.