The Bold
2701 Jackson Ave,
Long Island City, NY 11101
Studio - 3 Beds | $3,478 - $8,695
Rental Market Trends in Long Island City, NY
What is the average rent in Long Island City, NY?
$3,297/month
Average Rent
534 Sq Ft
Average Apartment Size
+0.5%
Increase in the Last Year
As of December 2024, the average rent in Long Island City, NY is $3,297 per month. This is 111% higher than the national average rent price of $1,560/month, making Long Island City one of the most expensive cities in the US. When you rent an apartment in Long Island City, you can expect to pay about $2,771 per month for a studio, $3,297 for a one-bedroom apartment, and around $4,621 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $6,174 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Long Island City, NY?
In the past year, rent has increased by 0.5%, which averages out to $17 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Long Island City, NY
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
1%
$700 - $1,000/month
4%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
83%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Long Island City?
Based on current rent prices, Queens Bridge, LIC and Hunters Point are the most affordable neighborhoods in Long Island City.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Long Island City?
Based on current rent prices, Hunters Point South, Hunters Point and LIC are the most expensive neighborhoods in Long Island City.
Neighborhood
Average Rent
Average Sq Ft
Which Long Island City neighborhoods have the most rentals available?
The neighborhoods in Long Island City with the most apartments available are Hunters Point, LIC and Hunters Point South .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Long Island City, NY?
Because the average rent in Long Island City is $3,297, you’ll want to make about $10,990 per month or $131,880 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Long Island City, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Long Island City, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$2,478/month
$1,038/month
One Bedroom
$2,996/month
$1,399/month
Two Bedroom
$3,660/month
$3,418/month
Three Bedroom
$4,662/month
$4,140/month
Nearby City Rent Trends
Apartment communities in Long Island City we think you'll love
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.