Studios, rent on the rise in Queens

Long Island City remains borough's priciest neighborhood
  • Inventory across Queens dropped 3.34 percent, from 1,256 units before the turn of the year to 1,214 units in January.
  • Jackson Heights studios increased 10 percent since December, climbing $142 to reach $1,558 per month on average.
  • The average price for a studio in Queens in January was $1,747 per month.
  • Both Long Island City and Astoria held the majority of Queens’ market share in January, contributing 71 percent of the units analyzed in the MNS report

Queens saw slight upward movement in average rental pricing since December, says a recent MNS report on the borough. According its January market report for Queens, MNS measured a 1.43 percent increase in average rent month-over-month. Prices stood at $2,094.34 at the end of 2015 and grew to $2,124.26 in January.