Queens Rent Falls, Again, From Summer Peak: Study

QUEENS, NY — Queens renters got some good news and bad news from a new study.

The bad news: the rent is still too damn high.

The good news: it's falling from its summer record high.

An apartment in northwest Queens typically cost $3,198 in October, according to a Douglas Elliman study released this week.

"The median rent has fallen monthly since reaching a new high in August," the study states.

August's high in Queens was $3,900, according to another Douglas Elliman study.

September's typical rent for Queens stood at $3,528, which is 9.4 percent higher than last month's, the new study states.

Falling rents across the city in recent months hint that prices have peaked, the study states.

Read the full study here.