Monthly Rent Report
Long Island City Rent Report — November 2024
Asking rents in ZIP 11101, New York City, from 45 listings.
Median 1BR rent in Long Island City was $2,315 in November 2024, down 48.5% (−$2,179) from October 2024 and down 41.7% year-over-year. The middle half of 1BR listings asked between $2,315 and $2,315. That puts Long Island City $135 below the New York City citywide 1BR median of $2,450. The month's figures are based on 45 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,345 | +$99 (+3.0%) | −$150 (-4.3%) | $3,172 – $3,518 | 2 |
| 1BR | $2,315 | −$2,179 (-48.5%) | −$1,654 (-41.7%) | $2,315 – $2,315 | 1 |
| 1BR | $1,800 | −$2,694 (-59.9%) | −$2,169 (-54.7%) | $1,750 – $2,000 | 5 |
| 1BR | $2,495 | −$1,999 (-44.5%) | −$1,474 (-37.1%) | $2,495 – $2,495 | 9 |
| 2BR | $5,303 | −$1,518 (-22.3%) | −$368 (-6.5%) | $5,093 – $6,636 | 13 |
| 2BR | $4,140 | −$2,681 (-39.3%) | −$1,531 (-27.0%) | $4,090 – $4,950 | 10 |
| 3BR | $5,809 | −$2,248 (-27.9%) | −$2,686 (-31.6%) | $5,804 – $5,899 | 3 |
| 4BR | $6,525 | $0 (0.0%) | +$325 (+5.2%) | $6,525 – $6,525 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — November 2024
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,345 | $2,383 | +$962 (+40.4%) |
| 1BR | $2,315 | $2,450 | −$135 (-5.5%) |
| 1BR | $1,800 | $2,450 | −$650 (-26.5%) |
| 1BR | $2,495 | $2,450 | +$45 (+1.8%) |
| 2BR | $5,303 | $2,950 | +$2,353 (+79.8%) |
| 2BR | $4,140 | $2,950 | +$1,190 (+40.3%) |
| 3BR | $5,809 | $3,600 | +$2,209 (+61.4%) |
| 4BR | $6,525 | $4,375 | +$2,150 (+49.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2024.