Monthly Rent Report
ZIP 7040 Rent Report — March 2025
Asking rents in ZIP 7040, New York City, from 7 listings.
Median 1BR rent in ZIP 7040 was $2,123 in March 2025, down 31.4% (−$972) from February 2025 and up 29.0% year-over-year. The middle half of 1BR listings asked between $1,914 and $2,331. That puts ZIP 7040 $378 below the New York City citywide 1BR median of $2,500. The month's figures are based on 7 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2025 | Vs. March 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $2,123 | −$972 (-31.4%) | +$478 (+29.0%) | $1,914 – $2,331 | 2 |
| 2BR | $2,375 | +$65 (+2.8%) | — | $2,356 – $2,383 | 4 |
| 3BR | $3,090 | — | — | $3,090 – $3,090 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2025. Changes compare against the nearest prior month with data.
ZIP 7040 vs. New York City — March 2025
| Bedrooms | ZIP 7040 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $2,123 | $2,500 | −$377 (-15.1%) |
| 2BR | $2,375 | $2,938 | −$562 (-19.1%) |
| 3BR | $3,090 | $3,600 | −$510 (-14.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2025.