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
