LIC, Queens, NY Rental Market Trends
Last updated: April 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in LIC is $4,619, a 4.54% increase compared to the previous year, when the average rent was $4,419.
Studio Apartments at $3,507 offer the most budget-friendly option with 481 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 721 square feet for $4,143, balancing privacy and affordability.
Two-beedroom units at $6,155 offer 992 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,220 sq ft) for $5,679, suitable for larger households.
Average rent in LIC, Queens, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $4,619 | 755 sq. ft. |
| Studio | $3,507 | 481 sq. ft. |
| 1 Bed | $4,143 | 721 sq. ft. |
| 2 Beds | $6,155 | 992 sq. ft. |
| 3 Beds | $5,679 | 1,220 sq. ft. |
LIC, Queens, NY rent trends
Rental prices in LIC, Queens, NY have increased by 4.54% over the past year. The average rent moved from $4,419 to $4,619.
Do most people rent or own in LIC, Queens, NY?
15,362 or 83% of the households in LIC, Queens, NY are renter-occupied while 3,092 or 17% are owner-occupied.
Most affordable neighborhoods in LIC?
Kew Gardens Hills $1,805/month
Kew Gardens $2,073/month
Far Rockaway $2,075/month
All of these neighborhoods fall below the city wide average of $3,906/month.Most expensive neighborhoods in LIC?
Forest Hills $3,434/month
LIC $4,619/month
Hunters Point $4,802/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Queens, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Hunters Point | $4,802 |
| LIC | $4,619 |
| Forest Hills | $3,434 |
| Old Astoria | $3,390 |
| Jackson Heights | $2,741 |
| Bay Terrace | $2,408 |
| Elmhurst | $2,406 |
| Murray Hill | $2,364 |
| Sunnyside | $2,341 |
| Jamaica Estates | $2,217 |
| Downtown Flushing | $2,202 |
| Jamaica | $2,164 |
| Briarwood | $2,144 |
| Far Rockaway | $2,075 |
| Kew Gardens | $2,073 |
| Kew Gardens Hills | $1,805 |
Queens | Rent Comparison by Neighborhood
Rent in LIC is 92% higher than in Bay Terrace
LIC rent is the same as Queens average
Bay Terrace rent is 48% lower than Queens average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all LIC apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.