Monthly Rent Report
ZIP 7040 Rent Report — May 2024
Asking rents in ZIP 7040, New York City, from 6 listings.
Median 1BR rent in ZIP 7040 was $1,635 in May 2024 and down 29.2% year-over-year. The middle half of 1BR listings asked between $1,620 and $1,650. That puts ZIP 7040 $790 below the New York City citywide 1BR median of $2,425. The month's figures are based on 6 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,635 | — | −$675 (-29.2%) | $1,620 – $1,650 | 2 |
| 2BR | $2,540 | +$70 (+2.8%) | — | $2,445 – $2,635 | 2 |
| 3BR | $3,250 | — | — | $3,025 – $3,475 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 7040 vs. New York City — May 2024
| Bedrooms | ZIP 7040 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,635 | $2,425 | −$790 (-32.6%) |
| 2BR | $2,540 | $2,914 | −$373 (-12.8%) |
| 3BR | $3,250 | $3,600 | −$350 (-9.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.