You are reading

Average Studio in Queens Now Rents for $2,000, With 1 Bedrooms at $2,500: Report

(iStock)

July 12, 2022 By Michael Dorgan

The average price paid to nab a studio in Queens in June was over $2,000 per month, with the average for a one bedroom hitting $2,500 for the first time on record, according to a new report by the real estate firm M.N.S.

The average price paid for a studio was $2,045, up 12 percent from June 2021, according to the report. The average for a one bedroom was $2,500, up 16 percent from a year earlier, and the average cost of a two bedroom was $3,322, representing a 23 percent jump year-over-year.

Rental prices increased across the borough, although they skyrocketed in Astoria, Long Island City, Forest Hills and Jamaica, the report revealed. The report did not provide a breakdown for Sunnyside or Woodside.

The average price paid to snag an apartment in Astoria last month was up 32 percent compared to June 2021. In Long Island City, the average rent was up 28 percent from 12 months prior, while in Jamaica and Forest Hills it was up 21 percent and 16 percent respectively.

Source: M.N.S. Real Estate

In Astoria apartments of all sizes saw lofty increases — although it was most notable with the bigger units.

The average rent for a studio apartment in Astoria in June was $2,211. This figure was up 26 percent — from $1,760 — one year prior.

One-bedroom apartments in the neighborhood saw a 28 increase — with the June average being $2,553, up from $1,989 in June 2021.

The average rent to get into a two-bedroom apartment in Astoria was $3,249, up a whopping 41 percent from 12 months prior. The average two-bedroom went for $2,307 in June 2021.

The red-hot Long Island City rental market shows no signs of cooling down.

The average price paid for a studio apartment in Long Island City in June 2022 was $3,144, up 24 percent from a year ago; a one-bedroom fetched $3,970, up 31 percent from 12 months earlier; while a two-bedroom went for $5,463, up 28 percent.

To view the full, click here.

Source: M.N.S. Real Estate

Source: M.N.S. Real Estate

email the author: [email protected]

2 Comments

Click for Comments 
NKR

Sad that a bunch of idiot NIMBY’s, led by Julie Won, killed 2000 units in Astoria that would ease pressure on rental costs. Also had the added bonus of killings thousands of good union jobs.

3
1
Reply
MRLIC

PURE GREED. Only luxury development being constructed has led to this BS.. Developets in exchange for Taxpayer gunfmded tax bteaks are required to leave a
small portion of their apts so calked affordable . We all know by now they are teally not affordable. In fact many people I believe do not knowbthat if a developer has another property , they can put the soncalled affordable apts. in their other property mot in the newer one. The middle class and poor subsidizing the rich . Just great

4
3
Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Long Island City teen sentenced in fatal shooting of ‘beloved’ school teacher at Queensbridge Houses in 2020: DA

A Long Island City man on Friday, Jan. 28, was sentenced to 19 years in prison for the 2020 fatal shooting of a public school social studies teacher who was out walking his dog when he was caught in the crossfire during a confrontation between gang rivals in broad daylight, just blocks from his home, according to Queens District Attorney’s office.

Ike Ford, 19, of 12th Street, in Long Island City, pleaded guilty to manslaughter in the first degree before Queens Supreme Court Justice Kenneth Holder. The teacher, George Rosa, 53, was shot in his abdomen by a stray bullet fired by Ford, who was just 17 years old at the time of the shooting but was sentenced as an adult given the severity of the crime, according to Queens District Attorney Melinda Katz.

LaGuardia Community College receives federal funding to expand vocational training for the unemployed

LaGuardia Community College recently received more than $400,000 in federal funding to enhance and expand vocational training for underemployed New Yorkers in a city that is still working to recover from COVID-19 pandemic-induced job loss. The support was secured by U.S. Senators Charles Schumer and Kirsten Gillibrand, Congresswoman Nydia Velázquez and former Congresswoman Carolyn B. Maloney.

LaGuardia Community College President Kenneth Adams explained that the school lost nearly a quarter of its students at the height of the pandemic due to the economic effects of the lockdown on low-income Queens households.

BP launches new advisory panel for youth to become civically engaged in the future of Queens

In an effort to get more young people involved in civics, Queens Borough President Donovan Richards has created a new advisory panel known as the Youth and Young Adult Council to introduce the “youngest and fiercest” community advocates to both community service and organization.

Members of the advisory body will advocate concerns through means of community engagement by participating in one of two cohorts. The first will be made up of high school representatives between the ages of 13 and 17, while the second cohort will be comprised of young adults between the ages of 18 and 25.

These Queens eateries are participating in the upcoming NYC Restaurant Week

NYC Restaurant Week is underway, so nix that skillet and bring family and friends to your favorite neighborhood spot, or get inspired and break bread somewhere new and different. During this special citywide culinary event, food-lovers will enjoy curated menus and prix-fixe prices that are easy on the wallet.

Bookings began on Jan. 17 and are available until Feb. 12, and you can reserve a table at 30 participating Queens restaurants, along with hundreds more across the five boroughs.