Monthly Rent Report
ZIP 7040 Rent Report — May 2025
Asking rents in ZIP 7040, New York City, from 3 listings.
Median 1BR rent in ZIP 7040 was $1,735 in May 2025, down 14.2% (−$287) from April 2025 and up 6.1% year-over-year. The middle half of 1BR listings asked between $1,735 and $1,735. That puts ZIP 7040 $1,106 below the New York City citywide 1BR median of $2,841. The month's figures are based on 3 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2025 | Vs. May 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,735 | −$287 (-14.2%) | +$100 (+6.1%) | $1,735 – $1,735 | 1 |
| 2BR | $2,915 | +$410 (+16.4%) | +$375 (+14.8%) | $2,915 – $2,915 | 1 |
| 3BR | $1,341 | — | −$1,909 (-58.7%) | $1,341 – $1,341 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2025. Changes compare against the nearest prior month with data.
ZIP 7040 vs. New York City — May 2025
| Bedrooms | ZIP 7040 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,735 | $2,841 | −$1,106 (-38.9%) |
| 2BR | $2,915 | $3,263 | −$347 (-10.7%) |
| 3BR | $1,341 | $3,777 | −$2,436 (-64.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in May 2025.