{"id":179902,"date":"2026-03-30T18:04:30","date_gmt":"2026-03-30T18:04:30","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/179902\/"},"modified":"2026-03-30T18:04:30","modified_gmt":"2026-03-30T18:04:30","slug":"queens-rent-is-down-from-last-year-study-finds","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/179902\/","title":{"rendered":"Queens Rent Is Down From Last Year, Study Finds"},"content":{"rendered":"

QUEENS, NY \u2014 Renters dreaming of Queens life now have some good news\u2014average one-bedroom prices have dipped to $2,761 a month, per a new study.<\/p>\n

While that price may still feel steep to some, it marks a welcome dip in Queens one-bedroom rents compared to last year.<\/p>\n

According to Zumper\u2019s National Rent Index<\/a>, rents are still trending downward nationwide, though the pace of cooling has slowed for the second straight month\u2014suggesting downward pressure on prices could be easing.<\/p>\n

New York City, however, remains the most expensive U.S. market for one-bedroom apartments.<\/p>\n

Borough-wide, the median rent sits at $3,273, marking an 18 percent decrease compared to last year.<\/p>\n

The steepest drop occurred in three-bedroom units, where the average rent fell to $3,500 in March, a 44 percent decline year over year.<\/p>\n

Even with those price drops, Queens remains far pricier than most cities nationwide\u2014the area\u2019s median rent across all property types is 71 percent, or $1,364, higher than the national average.<\/p>\n

One of the few places in the borough bucking the downward trend is Jackson Heights. Rental data shows median rent for all bedroom counts and property types there hit $2,250 as of March 2026, a two percent increase over 2025.<\/p>\n

Adding to the bigger picture, a recent StreetEasy report found NYC rental inventory fell 5.5 percent year over year to 25,989 units in February.<\/p>\n

Citywide median asking rent rose 8.2 percent to $3,950 as demand outpaces supply. Manhattan led with a 3.5 percent inventory drop\u2014its 24th straight month of declines, the longest ever. <\/p>\n

For Queens renters, though, these shifts mean a small break in the city’s largest borough.<\/p>\n","protected":false},"excerpt":{"rendered":"QUEENS, NY \u2014 Renters dreaming of Queens life now have some good news\u2014average one-bedroom prices have dipped to…\n","protected":false},"author":2,"featured_media":179903,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[9,24,63,122,124,123],"class_list":["post-179902","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/179902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=179902"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/179902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/179903"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=179902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=179902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=179902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}