Monthly Rent Report
Long Island City Rent Report — August 2024
Asking rents in ZIP 11101, New York City, from 24 listings.
Median 1BR rent in Long Island City was $4,381 in August 2024, up 2.2% (+$94) from July 2024 and down 3.0% year-over-year. The middle half of 1BR listings asked between $4,210 and $4,574. That puts Long Island City $1,991 above the New York City citywide 1BR median of $2,390. The month's figures are based on 24 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,952 | −$548 (-15.7%) | −$559 (-15.9%) | $2,952 – $2,952 | 1 |
| Studio | $3,712 | +$212 (+6.1%) | +$201 (+5.7%) | $3,712 – $3,841 | 5 |
| 1BR | $4,381 | +$94 (+2.2%) | −$134 (-3.0%) | $4,210 – $4,574 | 8 |
| 2BR | $6,585 | +$635 (+10.7%) | −$213 (-3.1%) | $6,146 – $6,917 | 7 |
| 3BR | $8,800 | +$2,700 (+44.3%) | +$1,175 (+15.4%) | $8,502 – $8,920 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — August 2024
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,952 | $2,500 | +$452 (+18.1%) |
| Studio | $3,712 | $2,500 | +$1,212 (+48.5%) |
| 1BR | $4,381 | $2,390 | +$1,991 (+83.3%) |
| 2BR | $6,585 | $2,900 | +$3,685 (+127.1%) |
| 3BR | $8,800 | $3,603 | +$5,197 (+144.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.