Northwest Queens experienced huge boosts in the inventory, price and number of new leases for rentals in April 2025, compared to the same time the previous year, according to a report by Douglas Elliman Real Estate.
The inventory of listings rose year-over-year by a whopping 70% in northwest Queens, which includes the neighborhoods of Astoria, Long Island City, Sunnyside and Woodside. The listing inventory spiked from 754 in April 2024 to 1,282 in April 2025.
Year-over-year, the median rental price across northwest Queens went up 9.4%, from $3,244 in April 2024 to $3,550 in April 2025. Nearly every type of unit size had the median rental price grow, with two-bedroom units being the only exception, going down by just $2, from $4,000 last year to $3,998 this year.
One-bedroom units had the biggest percentage jump in median rent over this period of time, having gone up 14%, from $2,975 in 2024 to $3,391 in 2025. However, units of at least three bedrooms rose the most in actual cost, increasing 13.5%, from 3,700 last year to $4,200 this year. Studios, meanwhile, had a modest 4.1% jump, from $3,083 to $3,210.
Median rental prices trended up for the cheapest and the most expensive units. Rentals with concessions had prices go up 9.3%, from $3,214 in 2024 to $3,512 in 2025. At the same time, luxury rentals, which are the top 10% of the most expensive rentals, went up in cost by 10.8%, from $5,800 to $6,425.
Both new and existing developments had rental prices rise. New developments had the median rent go up 6.3%, from $3,854 last year to $4,098 this year. Existing developments rose in median rent by 2.9%, from $3,124 in 2024 to $3,215 in 2025.
New leases went up across this section of the borough by 26.7%, from 678 in April 2024 to 859 in April 2025. Units of all sizes had this number trend up. The biggest percentage leap was seen among studios, at 43.9%, from 98 new leases in 2024 to 141 in 2025. However, both one-bedroom and two-bedroom units outpaced that growth in terms of actual amount. One-bedroom units had an 18.2% increase, from 346 to 409. Two-bedroom units had the highest jump in terms of numbers, up 41.6%, from 178 last year to 252 this year. Units of at least three bedrooms were mostly static, going up by just one new lease, from 56 to 57.
