Monthly Rent Report
Long Island City Rent Report — April 2024
Asking rents in ZIP 11101, New York City, from 591 listings.
Median 1BR rent in Long Island City was $4,695 in April 2024, up 18.6% (+$735) from March 2024 and up 15.9% year-over-year. The middle half of 1BR listings asked between $4,304 and $4,727. That puts Long Island City $2,195 above the New York City citywide 1BR median of $2,500. The month's figures are based on 591 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,492 | +$273 (+8.5%) | +$192 (+5.8%) | $3,455 – $3,750 | 10 |
| Studio | $2,866 | −$353 (-11.0%) | −$434 (-13.2%) | $2,866 – $2,866 | 1 |
| Studio | $3,400 | +$181 (+5.6%) | +$100 (+3.0%) | $3,100 – $3,611 | 135 |
| 1BR | $4,695 | +$735 (+18.6%) | +$645 (+15.9%) | $4,304 – $4,727 | 5 |
| 1BR | $4,099 | +$139 (+3.5%) | +$49 (+1.2%) | $4,079 – $4,146 | 6 |
| 1BR | $3,975 | +$15 (+0.4%) | −$75 (-1.9%) | $3,600 – $4,417 | 240 |
| 2BR | $5,700 | −$1,248 (-18.0%) | −$247 (-4.2%) | $4,125 – $6,360 | 151 |
| 2BR | $6,077 | −$871 (-12.5%) | +$130 (+2.2%) | $5,875 – $8,300 | 5 |
| 2BR | $5,974 | −$974 (-14.0%) | +$27 (+0.5%) | $5,896 – $6,053 | 2 |
| 3BR | $8,608 | +$1,174 (+15.8%) | +$935 (+12.2%) | $8,325 – $8,892 | 2 |
| 3BR | $7,243 | −$192 (-2.6%) | −$431 (-5.6%) | $5,631 – $9,175 | 28 |
| 4BR | $6,200 | +$900 (+17.0%) | — | $6,000 – $6,200 | 3 |
| 4BR | $6,200 | +$900 (+17.0%) | — | $6,000 – $6,200 | 3 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — April 2024
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,492 | $2,491 | +$1,001 (+40.2%) |
| Studio | $2,866 | $2,491 | +$375 (+15.1%) |
| Studio | $3,400 | $2,491 | +$909 (+36.5%) |
| 1BR | $4,695 | $2,500 | +$2,195 (+87.8%) |
| 1BR | $4,099 | $2,500 | +$1,599 (+63.9%) |
| 1BR | $3,975 | $2,500 | +$1,475 (+59.0%) |
| 2BR | $5,700 | $2,995 | +$2,705 (+90.3%) |
| 2BR | $6,077 | $2,995 | +$3,082 (+102.9%) |
| 2BR | $5,974 | $2,995 | +$2,979 (+99.5%) |
| 3BR | $8,608 | $3,500 | +$5,108 (+146.0%) |
| 3BR | $7,243 | $3,500 | +$3,743 (+106.9%) |
| 4BR | $6,200 | $4,270 | +$1,930 (+45.2%) |
| 4BR | $6,200 | $4,270 | +$1,930 (+45.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.