Monthly Rent Report
Long Island City Rent Report — May 2024
Asking rents in ZIP 11101, New York City, from 585 listings.
Median 1BR rent in Long Island City was $4,045 in May 2024, down 13.8% (−$650) from April 2024 and down 3.0% year-over-year. The middle half of 1BR listings asked between $3,868 and $4,481. That puts Long Island City $1,620 above the New York City citywide 1BR median of $2,425. The month's figures are based on 585 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,364 | +$498 (+17.4%) | −$61 (-1.8%) | $2,996 – $3,455 | 22 |
| Studio | $3,493 | +$627 (+21.9%) | +$68 (+2.0%) | $3,288 – $3,697 | 2 |
| Studio | $3,382 | +$516 (+18.0%) | −$43 (-1.3%) | $3,150 – $3,550 | 101 |
| 1BR | $4,045 | −$650 (-13.8%) | −$124 (-3.0%) | $3,868 – $4,481 | 59 |
| 1BR | $4,078 | −$617 (-13.1%) | −$91 (-2.2%) | $3,645 – $4,432 | 169 |
| 1BR | $3,981 | −$714 (-15.2%) | −$188 (-4.5%) | $3,800 – $4,354 | 9 |
| 2BR | $5,763 | −$212 (-3.5%) | +$103 (+1.8%) | $4,006 – $6,378 | 134 |
| 2BR | $6,265 | +$291 (+4.9%) | +$606 (+10.7%) | $5,996 – $6,908 | 5 |
| 2BR | $5,465 | −$510 (-8.5%) | −$195 (-3.4%) | $4,994 – $6,554 | 32 |
| 3BR | $9,032 | +$1,790 (+24.7%) | +$367 (+4.2%) | $8,468 – $9,596 | 2 |
| 3BR | $6,375 | −$867 (-12.0%) | −$2,290 (-26.4%) | $5,510 – $7,434 | 12 |
| 3BR | $8,325 | +$1,083 (+14.9%) | −$340 (-3.9%) | $5,458 – $9,119 | 32 |
| 4BR | $7,500 | +$1,300 (+21.0%) | — | $5,200 – $7,750 | 5 |
| 4BR | $5,200 | −$1,000 (-16.1%) | — | $5,200 – $5,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — May 2024
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,364 | $2,350 | +$1,014 (+43.1%) |
| Studio | $3,493 | $2,350 | +$1,143 (+48.6%) |
| Studio | $3,382 | $2,350 | +$1,032 (+43.9%) |
| 1BR | $4,045 | $2,425 | +$1,620 (+66.8%) |
| 1BR | $4,078 | $2,425 | +$1,653 (+68.2%) |
| 1BR | $3,981 | $2,425 | +$1,556 (+64.2%) |
| 2BR | $5,763 | $2,914 | +$2,849 (+97.8%) |
| 2BR | $6,265 | $2,914 | +$3,352 (+115.0%) |
| 2BR | $5,465 | $2,914 | +$2,551 (+87.6%) |
| 3BR | $9,032 | $3,600 | +$5,432 (+150.9%) |
| 3BR | $6,375 | $3,600 | +$2,775 (+77.1%) |
| 3BR | $8,325 | $3,600 | +$4,725 (+131.3%) |
| 4BR | $7,500 | $4,250 | +$3,250 (+76.5%) |
| 4BR | $5,200 | $4,250 | +$950 (+22.4%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.