Monthly Rent Report
Long Island City Rent Report — July 2024
Asking rents in ZIP 11101, New York City, from 286 listings.
Median 1BR rent in Long Island City was $4,078 in July 2024, down 1.0% (−$39) from June 2024 and down 9.3% year-over-year. The middle half of 1BR listings asked between $3,699 and $4,314. That puts Long Island City $1,578 above the New York City citywide 1BR median of $2,500. The month's figures are based on 286 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,558 | −$123 (-3.3%) | +$191 (+5.7%) | $3,339 – $3,778 | 2 |
| Studio | $3,288 | −$393 (-10.7%) | −$79 (-2.4%) | $2,999 – $3,552 | 28 |
| Studio | $3,500 | −$181 (-4.9%) | +$133 (+4.0%) | $3,263 – $3,672 | 50 |
| 1BR | $4,078 | −$39 (-1.0%) | −$419 (-9.3%) | $3,699 – $4,314 | 56 |
| 1BR | $3,995 | −$122 (-3.0%) | −$502 (-11.2%) | $3,995 – $3,995 | 2 |
| 1BR | $4,287 | +$170 (+4.1%) | −$210 (-4.7%) | $4,239 – $4,863 | 8 |
| 1BR | $3,650 | −$467 (-11.3%) | −$847 (-18.8%) | $3,650 – $3,650 | 1 |
| 2BR | $5,537 | −$75 (-1.3%) | −$855 (-13.4%) | $5,453 – $5,943 | 3 |
| 2BR | $5,950 | +$338 (+6.0%) | −$442 (-6.9%) | $5,388 – $6,481 | 60 |
| 2BR | $5,688 | +$75 (+1.3%) | −$704 (-11.0%) | $5,200 – $6,395 | 50 |
| 3BR | $7,368 | +$168 (+2.3%) | +$282 (+4.0%) | $6,596 – $7,776 | 12 |
| 3BR | $10,160 | +$2,960 (+41.1%) | +$3,074 (+43.4%) | $10,160 – $10,160 | 1 |
| 3BR | $6,100 | −$1,100 (-15.3%) | −$986 (-13.9%) | $5,580 – $7,092 | 13 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — July 2024
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,558 | $2,800 | +$758 (+27.1%) |
| Studio | $3,288 | $2,800 | +$488 (+17.4%) |
| Studio | $3,500 | $2,800 | +$700 (+25.0%) |
| 1BR | $4,078 | $2,500 | +$1,578 (+63.1%) |
| 1BR | $3,995 | $2,500 | +$1,495 (+59.8%) |
| 1BR | $4,287 | $2,500 | +$1,787 (+71.5%) |
| 1BR | $3,650 | $2,500 | +$1,150 (+46.0%) |
| 2BR | $5,537 | $3,000 | +$2,537 (+84.6%) |
| 2BR | $5,950 | $3,000 | +$2,950 (+98.3%) |
| 2BR | $5,688 | $3,000 | +$2,688 (+89.6%) |
| 3BR | $7,368 | $3,606 | +$3,762 (+104.3%) |
| 3BR | $10,160 | $3,606 | +$6,554 (+181.8%) |
| 3BR | $6,100 | $3,606 | +$2,494 (+69.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.