Monthly Rent Report
ZIP 7040 Rent Report — July 2025
Asking rents in ZIP 7040, New York City, from 4 listings.
Median 1BR rent in ZIP 7040 was $1,885 in July 2025, down 18.7% (−$432) from June 2025 and up 17.1% year-over-year. The middle half of 1BR listings asked between $1,885 and $1,885. That puts ZIP 7040 $709 below the New York City citywide 1BR median of $2,594. The month's figures are based on 4 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2025 | Vs. July 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,885 | −$432 (-18.7%) | +$275 (+17.1%) | $1,885 – $1,885 | 1 |
| 2BR | $2,810 | +$410 (+17.1%) | +$245 (+9.6%) | $2,758 – $2,863 | 2 |
| 3BR | $3,300 | — | — | $3,300 – $3,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2025. Changes compare against the nearest prior month with data.
ZIP 7040 vs. New York City — July 2025
| Bedrooms | ZIP 7040 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,885 | $2,594 | −$708 (-27.3%) |
| 2BR | $2,810 | $3,100 | −$290 (-9.4%) |
| 3BR | $3,300 | $3,777 | −$477 (-12.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2025.