Monthly Rent Report
SoHo Rent Report — March 2023
Asking rents in ZIP 10012, New York City, from 300 listings.
Median 1BR rent in SoHo was $4,258 in March 2023, up 9.3% (+$363) from February 2023. The middle half of 1BR listings asked between $3,813 and $4,736. That puts SoHo $1,959 above the New York City citywide 1BR median of $2,299. The month's figures are based on 300 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,595 | −$1,400 (-28.0%) | — | $3,595 – $3,595 | 1 |
| Studio | $3,195 | −$1,800 (-36.0%) | — | $2,850 – $3,225 | 15 |
| Studio | $3,445 | −$1,550 (-31.0%) | — | $2,975 – $4,125 | 20 |
| 1BR | $4,258 | +$363 (+9.3%) | — | $3,813 – $4,736 | 58 |
| 1BR | $4,195 | +$300 (+7.7%) | — | $4,170 – $4,220 | 4 |
| 1BR | $3,995 | +$100 (+2.6%) | — | $3,413 – $5,284 | 62 |
| 2BR | $4,195 | −$3,455 (-45.2%) | — | $4,145 – $4,245 | 2 |
| 2BR | $6,200 | −$1,450 (-19.0%) | — | $4,573 – $10,375 | 47 |
| 2BR | $6,250 | −$1,400 (-18.3%) | — | $4,500 – $11,000 | 56 |
| 3BR | $6,950 | −$5,045 (-42.1%) | — | $6,595 – $7,200 | 9 |
| 3BR | $7,995 | −$4,000 (-33.3%) | — | $5,973 – $10,248 | 15 |
| 3BR | $7,200 | −$4,795 (-40.0%) | — | $7,200 – $7,200 | 2 |
| 4BR | $9,000 | −$595 (-6.2%) | — | $9,000 – $9,298 | 3 |
| 4BR | $19,500 | +$9,905 (+103.2%) | — | $19,500 – $19,500 | 1 |
| 4BR | $9,000 | −$595 (-6.2%) | — | $9,000 – $9,595 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
SoHo vs. New York City — March 2023
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,595 | $2,200 | +$1,395 (+63.4%) |
| Studio | $3,195 | $2,200 | +$995 (+45.2%) |
| Studio | $3,445 | $2,200 | +$1,245 (+56.6%) |
| 1BR | $4,258 | $2,299 | +$1,959 (+85.2%) |
| 1BR | $4,195 | $2,299 | +$1,896 (+82.5%) |
| 1BR | $3,995 | $2,299 | +$1,696 (+73.8%) |
| 2BR | $4,195 | $2,650 | +$1,545 (+58.3%) |
| 2BR | $6,200 | $2,650 | +$3,550 (+134.0%) |
| 2BR | $6,250 | $2,650 | +$3,600 (+135.8%) |
| 3BR | $6,950 | $3,200 | +$3,750 (+117.2%) |
| 3BR | $7,995 | $3,200 | +$4,795 (+149.8%) |
| 3BR | $7,200 | $3,200 | +$4,000 (+125.0%) |
| 4BR | $9,000 | $3,995 | +$5,005 (+125.3%) |
| 4BR | $19,500 | $3,995 | +$15,505 (+388.1%) |
| 4BR | $9,000 | $3,995 | +$5,005 (+125.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.