Monthly Rent Report
Long Island City Rent Report — October 2024
Asking rents in ZIP 11101, New York City, from 86 listings.
Median 1BR rent in Long Island City was $4,494 in October 2024, up 3.8% (+$163) from September 2024 and down 11.0% year-over-year. The middle half of 1BR listings asked between $4,494 and $4,649. That puts Long Island City $2,188 above the New York City citywide 1BR median of $2,306. The month's figures are based on 86 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,274 | −$60 (-1.8%) | −$773 (-19.1%) | $3,152 – $3,300 | 4 |
| Studio | $3,246 | −$88 (-2.6%) | −$801 (-19.8%) | $3,246 – $3,664 | 14 |
| 1BR | $4,494 | +$163 (+3.8%) | −$553 (-11.0%) | $4,494 – $4,649 | 3 |
| 1BR | $4,220 | −$111 (-2.6%) | −$827 (-16.4%) | $4,095 – $4,252 | 39 |
| 2BR | $5,666 | −$484 (-7.9%) | −$2,829 (-33.3%) | $5,666 – $5,880 | 17 |
| 2BR | $6,821 | +$671 (+10.9%) | −$1,674 (-19.7%) | $6,758 – $6,875 | 3 |
| 3BR | $7,108 | −$774 (-9.8%) | +$266 (+3.9%) | $7,108 – $7,108 | 3 |
| 3BR | $8,057 | +$175 (+2.2%) | +$1,215 (+17.8%) | $7,661 – $8,454 | 2 |
| 4BR | $6,525 | +$3,025 (+86.4%) | — | $6,525 – $6,525 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — October 2024
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,274 | $2,550 | +$724 (+28.4%) |
| Studio | $3,246 | $2,550 | +$696 (+27.3%) |
| 1BR | $4,494 | $2,306 | +$2,188 (+94.9%) |
| 1BR | $4,220 | $2,306 | +$1,914 (+83.0%) |
| 2BR | $5,666 | $2,914 | +$2,753 (+94.5%) |
| 2BR | $6,821 | $2,914 | +$3,908 (+134.1%) |
| 3BR | $7,108 | $3,519 | +$3,589 (+102.0%) |
| 3BR | $8,057 | $3,519 | +$4,538 (+129.0%) |
| 4BR | $6,525 | $4,100 | +$2,425 (+59.1%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.