Apartments for rent in Long Island City
90 Rentals in Long Island City
About Long Island City
The real estate market in Long Island City has been on fire in the past decade, with new luxury buildings opening their doors to renters each year. In recent years, however, Long Island City has become a bit of a victim of its own success as the rental market has been so hot and in demand that rental prices now rival some parts of Manhattan and Brooklyn. Long gone are the days when you could score cheap Long Island City apartments for rent. Even with new developments continuously popping up and grazing the skyline, the best deal you can hope for nowadays is to find a no-fee apartment for rent in Long Island City no fee apartments in the neighborhood's newer buildings. The skyrocketing rental prices have started to create a burgeoning, new market for rooms and roommates in the neighborhood as even affording a basic studio can be tough for most, and converting and sharing a larger apartment is the best way to live in the area on a budget. The one saving grace for renters is that the original plans for Amazon HQ 2 to come to LIC fell through, resulting in prices stabilizing a bit since the news of Amazon's pullout broke. While this is good news for tenants, developers are not happy as they stand to lose big money, and there remain a slew of new buildings planned or already under construction, many of which were meant to cater to the potential new residents Amazon would have attracted.
Long Island City Average Rent and Inventory
The average monthly rent for an apartment in the neighborhood is $3,708.
There are 21 studios available for rent in Long Island City. The average price for a studio is $2,807 per month.
There are 35 one-bedroom apartments for rent in the neighborhood with an average price of $3,203 per month.
There are 27 two-bedroom apartments for rent in Long Island City with a median price of $4,565 per month.