Queens, New York Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Queens, New York rental market.
An apartment for rent in Queens, New York typically goes for $2,780 per month, while a single-family home for rent in Queens, New York has a monthly cost of around $2,986. Renter-occupied units make up 55% of the local housing market, while the rental vacancy rate in Queens, New York is at 2.8.
Queens, New York
Average Apartment Rent in June 2022
Y-o-Y Change in Average
Average Single-Family Rent in June 2022
Compared to a year ago, Queens, New York apartments have recorded a 1.9% rent increase.
Queens, New York |Average apartment rent trend
Queens, New York| Average apartment rent
Queens, New York | Apartment rent ranges
At 74.73%, apartments priced Over $2,000 represent the bulk of Queens, New York rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 3.69%.
Queens, New York | Housing tenure**
Renters take up 55% of Queens, New York real estate, occupying a total of 429,987 units, while homeowners live in 353,375 properties.
Median number of rooms of renter-occupied housing units**
Renter median household income**
Average household size of renter-occupied housing units**
Rental vacancy rate**
Queens, New York | Renter-occupied housing units by no. of bedrooms**
There are 158,130 rentals in Queens, New York with 2 beds making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 2,613 units. Overall, the median number of rooms in Queens, New York homes for rent is 3.8.
Queens, New York |Renter-occupied units by age of householder**
Most condos for rent in Queens, New York are occupied by residents in the 35 - 44 years age group (21%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Queens, New York | Renter-occupied housing units by family type**
Queens, New York | Renter-occupied housing units by the presence of own children**
A total of 266,446 apartments for rent in Queens, New York, or 62% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 132,442 units. All in all, the median size of a renter-occupied household in Queens, New York is 2.72.
Queens, New York | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Queens, New York.
Queens, New York | Renter-occupied units by year structure built**
The highest share of Queens, New York apartment rentals, namely 29% or 122,835 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (18%, 75,922 units), and the ones Built 1960 - 1969 (15%, 64,908 units).
Queens, New York | Renter-occupied units by year householder moved in**
Median year renter moved into unit2012
Most Queens, New York renters (30%) moved in 2015 to 2016, while only 4% of them moved in 2017 or later. Overall, the median year renters have occupied their Queens, New York condos for rent is 2012.
Queens, New York | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Queens, New York renters have No vehicle available per household, 37% of them have 1 vehicle available, and 9% have 2 vehicles available.
Queens, New York | Means of transportation to work of householders living in renter-occupied housing units**
Queens, New York |Geographical mobility in the past year for householders living in renter-occupied housing units**
Queens, New York | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Queens, New York apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates