Long Island City renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.

Long Island City, NY map of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in Long Island City is about $2,374 per month. This puts it in the 96th percentile compared to the state average cost of rent, which is $1,589. Households in Long Island City have a median income of $7,902 per month so the average renter in Long Island City is spending roughly 30% of their earnings on housing.

Nationally, and in Long Island City, home values are the data point most closely correlated with the cost of rent. The median price of a home in Long Island City is $1,073,265 right now, which is higher than cities nearby, meaning that rents in Long Island City also tend to be higher versus these nearby cities.

Higher rent prices are common in the central parts of Long Island City while lower rent rates are often available in northwestern areas.

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