Monthly Rent Report
Long Island City Rent Report — December 2024
Asking rents in ZIP 11101, New York City, from 74 listings.
Median 1BR rent in Long Island City was $4,463 in December 2024, up 78.9% (+$1,968) from November 2024 and down 1.6% year-over-year. The middle half of 1BR listings asked between $3,980 and $4,850. That puts Long Island City $1,983 above the New York City citywide 1BR median of $2,480. The month's figures are based on 74 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,648 | +$303 (+9.0%) | −$232 (-6.0%) | $3,524 – $3,759 | 4 |
| Studio | $3,419 | +$74 (+2.2%) | −$461 (-11.9%) | $3,223 – $3,543 | 4 |
| Studio | $3,950 | +$605 (+18.1%) | +$70 (+1.8%) | $3,600 – $4,123 | 3 |
| 1BR | $4,463 | +$1,968 (+78.9%) | −$74 (-1.6%) | $3,980 – $4,850 | 4 |
| 1BR | $4,456 | +$1,961 (+78.6%) | −$81 (-1.8%) | $4,252 – $4,660 | 2 |
| 1BR | $4,551 | +$2,056 (+82.4%) | +$14 (+0.3%) | $3,200 – $4,651 | 7 |
| 2BR | $4,662 | −$641 (-12.1%) | −$337 (-6.7%) | $4,250 – $5,598 | 20 |
| 2BR | $5,640 | +$337 (+6.4%) | +$641 (+12.8%) | $5,640 – $6,534 | 5 |
| 2BR | $6,495 | +$1,192 (+22.5%) | +$1,496 (+29.9%) | $6,220 – $6,830 | 12 |
| 3BR | $3,950 | −$1,859 (-32.0%) | −$4,195 (-51.5%) | $3,475 – $5,473 | 3 |
| 3BR | $7,551 | +$1,742 (+30.0%) | −$594 (-7.3%) | $7,551 – $7,650 | 5 |
| 3BR | $6,006 | +$197 (+3.4%) | −$2,139 (-26.3%) | $5,908 – $6,105 | 2 |
| 4BR | $12,500 | +$5,975 (+91.6%) | +$6,300 (+101.6%) | $12,500 – $12,500 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Long Island City vs. New York City — December 2024
| Bedrooms | Long Island City Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,648 | $2,525 | +$1,123 (+44.5%) |
| Studio | $3,419 | $2,525 | +$894 (+35.4%) |
| Studio | $3,950 | $2,525 | +$1,425 (+56.4%) |
| 1BR | $4,463 | $2,480 | +$1,983 (+80.0%) |
| 1BR | $4,456 | $2,480 | +$1,977 (+79.7%) |
| 1BR | $4,551 | $2,480 | +$2,072 (+83.5%) |
| 2BR | $4,662 | $2,975 | +$1,687 (+56.7%) |
| 2BR | $5,640 | $2,975 | +$2,665 (+89.6%) |
| 2BR | $6,495 | $2,975 | +$3,520 (+118.3%) |
| 3BR | $3,950 | $3,546 | +$405 (+11.4%) |
| 3BR | $7,551 | $3,546 | +$4,006 (+113.0%) |
| 3BR | $6,006 | $3,546 | +$2,461 (+69.4%) |
| 4BR | $12,500 | $4,150 | +$8,350 (+201.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.