Monthly Rent Report
ZIP 7040 Rent Report — June 2025
Asking rents in ZIP 7040, New York City, from 3 listings.
Median 1BR rent in ZIP 7040 was $2,318 in June 2025, up 33.6% (+$583) from May 2025 and up 43.9% year-over-year. The middle half of 1BR listings asked between $2,221 and $2,414. That puts ZIP 7040 $283 below the New York City citywide 1BR median of $2,600. The month's figures are based on 3 listings across 2 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2025 | Vs. June 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $2,318 | +$583 (+33.6%) | +$708 (+43.9%) | $2,221 – $2,414 | 2 |
| 2BR | $2,400 | −$515 (-17.7%) | −$390 (-14.0%) | $2,400 – $2,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2025. Changes compare against the nearest prior month with data.
ZIP 7040 vs. New York City — June 2025
| Bedrooms | ZIP 7040 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $2,318 | $2,600 | −$282 (-10.9%) |
| 2BR | $2,400 | $3,225 | −$825 (-25.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2025.