Monthly Rent Report
ZIP 11040 Rent Report — May 2024
Asking rents in ZIP 11040, New York City, from 8 listings.
Median 1BR rent in ZIP 11040 was $2,000 in May 2024. The middle half of 1BR listings asked between $2,000 and $2,000. That puts ZIP 11040 $425 below the New York City citywide 1BR median of $2,425. The month's figures are based on 8 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $2,000 | — | — | $2,000 – $2,000 | 1 |
| 1BR | $2,000 | — | — | $2,000 – $2,000 | 1 |
| 2BR | $2,700 | — | — | $2,600 – $2,800 | 2 |
| 2BR | $2,700 | — | — | $2,600 – $2,800 | 2 |
| 3BR | $3,500 | — | — | $3,500 – $3,500 | 1 |
| 3BR | $4,500 | — | — | $4,500 – $4,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 11040 vs. New York City — May 2024
| Bedrooms | ZIP 11040 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $2,000 | $2,425 | −$425 (-17.5%) |
| 1BR | $2,000 | $2,425 | −$425 (-17.5%) |
| 2BR | $2,700 | $2,914 | −$213 (-7.3%) |
| 2BR | $2,700 | $2,914 | −$213 (-7.3%) |
| 3BR | $3,500 | $3,600 | −$100 (-2.8%) |
| 3BR | $4,500 | $3,600 | +$900 (+25.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.