QUEENS RENTAL MARKET REPORT
QUEENS RENTAL MARKET REPORT ARCHIVE
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introduction
THE AVERAGE RENT IN QUEENS HAS DECREASED THIS MONTH.
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CHANGE
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$2,667NOVEMBER 2022
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$2,654DECEMBER 2022
A QUICK LOOK

Through December, the average rental price in Queens decreased by 0.5%, from $2,667.12 to $2,653.76. The average rental price for a studio decreased by 0.35%, from $2,110.24 to $2,102.84. The average rental price for a one-bedroom unit decreased by 0.01%, from $2,559.59 to $2,559.34. The average rental price for a two-bedroom unit decreased by 0.97%, from $3,331.54 to $3,299.11.
Out of the eight neighborhoods tracked by this report, three saw their average rental prices increase month-over-month. The remaining areas decreased this month.
- Long Island City: -2.2%
- Astoria: -2.89%
- Ridgewood: +4.31%
- Flushing: +0.65%
- Rego Park: -0.3%
- Forest Hills: -1.98%
- Jackson Heights: -1.01%
- Jamaica: +0.87%
The most expensive studio, one-bedroom and two-bedroom units by average price were all in Long Island City, while the most affordable studio units were in Flushing, and most affordable one and two-bedroom units were in Jackson Heights.
Year-over-year, studio, one-bedroom, and two-bedroom rental prices are up 12.49%, 11.81%, and 12.88%, respectively, with an overall increase of 12.43% since this time last year.
NOTABLE TRENDS

TYPE | MOST EXPENSIVE | LEAST EXPENSIVE |
---|---|---|
Studios | Long Island City $3,186 | Flushing $1,640 |
One bedrooms | Long Island City $3,987 | Jackson Heights $2,057 |
Two bedrooms | Long Island City $5,562 | Jackson Heights $2,735 |
WHERE PRICES DECREASED
LONG ISLAND CITY
Studios -3.5%
Two-Bedroom -4.9%
ASTORIA
Studios -5.3%
One-Bedroom -0.7%
Two-Bedroom -3.1%
FLUSHING
Two-Bedroom -0.1%
REGO PARK
One-Bedroom -1.8%
Two-Bedroom -0.9%
FOREST HILLS
Studios -4.0%
One-Bedroom -2.4%
Two-Bedroom -0.3%
JACKSON HEIGHTS
Studios -4.9%
One-Bedroom -3.1%
JAMAICA
Two-Bedroom -0.7%
WHERE PRICES INCREASED
LONG ISLAND CITY
One-Bedroom 2.9%
RIDGEWOOD
Studios 10.1%
One-Bedroom 0.7%
Two-Bedroom 3.4%
FLUSHING
Studios 0.2%
One-Bedroom 2.0%
REGO PARK
Studios 2.4%
JACKSON HEIGHTS
Two-Bedroom 3.3%
JAMAICA
Studios 4.2%
One-Bedroom 0.3%
QUEENS AVERAGE PRICE

QUEENS AVERAGE PRICE

QUEENS AVERAGE PRICE

A QUICK LOOK
year over year PRICE CHANGE BY NEIGHBORHOOD

YEAR OVER YEAR Price change
QUEENS RENTS: DECEMBER 2021 VS. DECEMBER 2022

TYPE | DECEMBER 2021 | DECEMBER 2022 | CHANGE |
---|---|---|---|
Studios | $1,869 | $2,103 | 12.49% |
One bedrooms | $2,289 | $2,559 | 11.81% |
Two bedrooms | $2,923 | $3,299 | 12.88% |
QUEENS PRICE TRENDS

ASTORIA PRICE TRENDS
THROUGH DECEMBER, THE AVERAGE RENTAL PRICE IN ASTORIA DECREASED BY 2.89%.

FLUSHING PRICE TRENDS
OVER THE PAST MONTH, THE AVERAGE RENTAL PRICE IN FLUSHING SLIGHTLY INCREASED BY JUST 0.65%.

FOREST HILLS PRICE TRENDS
OVER THE PAST MONTH, THE AVERAGE RENTAL PRICE IN FOREST HILLS DECREASED BY 1.98%.

JACKSON HEIGHTS PRICE TRENDS
THROUGH DECEMBER, THE AVERAGE RENTAL PRICE IN JACKSON HEIGHTS DECREASED BY 1.01%.

JAMAICA PRICE TRENDS
OVER THE PAST MONTH, THE AVERAGE RENTAL PRICE IN JAMAICA SLIGHTLY INCREASED BY JUST 0.87%.

LONG ISLAND CITY PRICE TRENDS
THE AVERAGE RENTAL PRICE IN LONG ISLAND CITY DECREASED BY 2.2% SINCE LAST MONTH.

REGO PARK PRICE TRENDS
OVER THE PAST MONTH, THE AVERAGE RENTAL PRICE IN REGO PARK SLIGHTLY DECREASED BY JUST 0.3%.

RIDGEWOOD PRICE TRENDS
THE AVERAGE RENTAL PRICE IN RIDGEWOOD INCREASED BY 4.31% SINCE LAST MONTH.

THE REPORT EXPLAINED
THE QUEENS RENTAL MARKET REPORT COMPARES FLUCTUATION IN THE CITY’S RENTAL DATA ON A MONTHLY BASIS. IT IS AN ESSENTIAL TOOL FOR POTENTIAL RENTERS SEEKING TRANSPARENCY IN THE QUEENS APARTMENT MARKET AND A BENCHMARK FOR LANDLORDS TO EFFCIENTLY AND FAIRLY ADJUST INDIVIDUAL PROPERTY RENTS IN QUEENS.
The Queens Rental Market Repor TM is based on a cross-section of data from available listings and priced under $10,000, with ultraluxury property omitted to obtain a true monthly rental average. Our data is aggregated from the MNS proprietary database and sampled from a specifc mid-month point to record current rental rates offered by landlords during that particular month. It is then combined with information from the REBNY Real Estate Listings Source (RLS), OnLine Residential (OLR.com) and R.O.L.E.X. (Real Plus).
Author: MNS has been helping Queens landlords and renters navigate the rental market since 1999. From large companies to individuals, MNS tailors services to meet your needs. Contact us today to see how we can help.
Contact Us Now: 718-222-0211
Note: All market data is collected and compiled by MNS’s marketing department. The information presented here is intended for instructive purposes only and has been gathered from sources deemed reliable, though it may be subject to errors, omissions, changes or withdrawal without notice. If you would like to republish this report on the web, please be sure to source it as the “Queens Rental Market Report” with a link back to its original location.
