You are reading

Northwest Queens rents rise to new record high: report

Queensboro Plaza Station in Queens. (Photo via Getty Images)

May 22, 2023 By Julia Moro

According to a newly released Douglas Elliman report, rental prices in northwest Queens rose annually to a record-breaking level.

Median rental prices increased 12.8% compared to last year. The average rental price in April was $3,663, a 5.5% month-over-month increase.

The Douglas Elliman report listed the average rental price by size. A studio apartment rental prices averaged $3,018 in April, a 1.4% month-over-month increase. A one-bedroom average rental price in April was $3,437, a whopping 12% month-over-month increase. A two-bedroom was priced at $4,509 for the month of April, an 8.5% increase from the previous month. Lastly, a three-bedroom in northwestern Queens averaged $3,904 in April, which dropped 11.7 % from March.

According to the Douglas Elliman report, net effective median rent and median rent reached new highs. Also, new lease signings fell annually for the second time in three months. However, the listing inventory expanded annually for the second consecutive month.

email the author: news@queenspost.com

Featured Events

Post an Event

View All Events…

No comments yet

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
Western Queens lawmakers back DOT’s 31st Street bike lane redesign

June 13, 2025 By Shane O’Brien

State Senator Kristen Gonzalez, Assembly Member Jessica González-Rojas and Council Member Tiffany Cabán issued a joint statement voicing strong support for the Department of Transportation’s (DOT) proposed redesign of 31st Street in Astoria, which includes the installation of eight-foot-wide protected bike lanes beneath the elevated N/W subway tracks.

Read More
0
From spa retreats to public pools: Queens has a swim spot for everyone

Jun. 13, 2025 By Jessica Militello

With temperatures rising and the official start of summer just around the corner, there’s no better time to find a pool in Queens to help you beat the heat. Whether you’re looking for a relaxing spa escape, a rooftop party spot, or a free afternoon swim in your neighborhood, Queens offers a range of pool experiences for every vibe and budget.

Read More
0
Load More Articles