By Forum Staff
Through December 2024, the average rental price in Queens increased by 0.08 percent, from $2,885 to $2,887, according to an analysis by M.N.S., the modern real estate platform.
The average rental price for a studio decreased by 0.29 percent, from $2,322 to $2,316. The average rental price for a one-bedroom unit decreased by 0.37 percent, from $2,778 to $2,767. The average rental price for a two-bedroom unit increased by 0.67 percent, from $3,554 to $3,578.
Out of the 11 neighborhoods tracked by the report, five saw their average rental prices increase month-over-month. The remaining areas decreased this month.
Forum Photo by Michael V. Cusenza
Ridgewood is one of five borough neighborhoods that saw their average rental prices increase month-over-month.
- Long Island City: -0.81 percent
- Astoria: -0.16 percent
- Ridgewood: +0.38 percent
- Flushing: +4.49 percent
- Rego Park: +0.35 percent
- Forest Hills: -0.41 percent
- Jackson Heights: +2.19 percent
- Jamaica: -0.13 percent
- Woodside/Maspeth: -3.53 percent
- Elmhurst: -3.31 percent
- Sunnyside: +2.81 percent
The most expensive studio ($3,459), one-bedroom ($4,165) and two-bedroom units ($5,873) by average price were all in Long Island City, while the most affordable studio and one-bedroom units were in Elmhurst. The most affordable two-bedroom units were in Jackson Heights.
Year-over-year, studio, one-bedroom and two-bedroom rental prices are up by 3.57 percent, 2.85 percent, and 4.81 percent, respectively, with an overall increase of 3.85 percent.
To view the exhaustive report, visit MNS.COM/QUEENS_ RENTAL_MARKET_REPORT.
