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Astoria rental prices continue to climb, according to report

Jan. 20, 2017 By Hannah Wulkan

The cost to rent an apartment in Astoria continues to climb, according to a report released by the real estate research firm MNS this week.

The average rent paid for an Astoria studio in December was $1,922 per month, according to MNS. That figure was up nearly 3 percent from December 2015, when the average cost of a studio was about $1,866 per month.

The cost to rent a one-bedroom apartment increased 3.6 percent over the past year. A typical one-bedroom apartment in Astoria cost $2,131 in December 2016, compared to $2,057 per month for the same month in 2015.

The cost of a two-bedroom jumped about 6 percent over that same period. A two bedroom rented for $2,582 in December 2016, compared to $2,437 in December 2015.

The Astoria rental market continues to climb compared to the rest of Queens on a year-over-year basis.

From December 2015 to December 2016, studio prices in the borough rose by 3.9 percent, while one-bedrooms rose by 1 percent and two bedrooms by 3 percent.

To view the full report, visit http://www.mns.com/queens_rental_market_report

email the author: news@queenspost.com

18 Comments

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Skip Seglipse

Outrageous rents are a drain on the economy, overall. People are spending a greater % income on housing than ever before.

Greedy landlords that collect but don’t update the buildings or upgrade them and cry poor at every turn.

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Gabriel

Abject greed on the part of landlords. And how many of those landlords actually live in the community? When I first got back from the Navy back in 1986, I was able to rent a 3 bedroom apartment on a quiet residential street off Steinway for $425. That was reasonable.

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Poparoo

Flushing? Yeah right, unless you speak ,eat,and drink asian forget it. They have dollar buses ,they wont ride a bus with you, do you think they’ll rent to you. Get real round eye

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Andreas Savva

Yea Corona and Flushing so the commuting to the city is a nightmare!
it used to take me 15 minutes to go to work (West 66 street & Broadway), and I’ve made the mistake to move to NJ and now it takes me 1 hour and 30 minutes.
Astoria is a illuminating STAR in Queens, with only one issue, PARKING!
Paying 2K and 3K for rent, is nothing, compared to what it is offering!

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Anonymous

I pray the bubble bursts on all these developers including all of the counsel people that are lining their pockets –

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nahhhh

there is a lot of over supply right now.

owners and builders are giving away two free months and covering broker fees. Some buildings are offer to pay brokers 20% of 1 years annual rent to get their homes filled.

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