Monthly Rent Report
SoHo Rent Report — June 2023
Asking rents in ZIP 10012, New York City, from 292 listings.
Median 1BR rent in SoHo was $4,250 in June 2023, down 1.0% (−$45) from May 2023 and down 5.5% year-over-year. The middle half of 1BR listings asked between $3,700 and $4,998. That puts SoHo $1,763 above the New York City citywide 1BR median of $2,488. The month's figures are based on 292 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,373 | −$422 (-11.1%) | +$123 (+3.8%) | $3,311 – $3,434 | 2 |
| Studio | $2,650 | −$1,145 (-30.2%) | −$600 (-18.5%) | $2,650 – $2,650 | 1 |
| Studio | $3,500 | −$295 (-7.8%) | +$250 (+7.7%) | $3,235 – $4,050 | 23 |
| 1BR | $4,250 | −$45 (-1.0%) | −$245 (-5.5%) | $3,700 – $4,998 | 135 |
| 1BR | $3,598 | −$697 (-16.2%) | −$897 (-20.0%) | $3,199 – $3,996 | 2 |
| 1BR | $3,800 | −$495 (-11.5%) | −$695 (-15.5%) | $3,611 – $4,961 | 4 |
| 2BR | $3,875 | −$925 (-19.3%) | −$1,975 (-33.8%) | $3,875 – $3,875 | 1 |
| 2BR | $5,500 | +$700 (+14.6%) | −$350 (-6.0%) | $4,925 – $8,125 | 91 |
| 2BR | $9,450 | +$4,650 (+96.9%) | +$3,600 (+61.5%) | $7,874 – $11,250 | 4 |
| 3BR | $8,200 | +$1,250 (+18.0%) | +$2,350 (+40.2%) | $8,200 – $8,200 | 1 |
| 3BR | $8,400 | +$1,450 (+20.9%) | +$2,550 (+43.6%) | $8,400 – $8,400 | 1 |
| 3BR | $6,498 | −$452 (-6.5%) | +$648 (+11.1%) | $6,213 – $6,984 | 20 |
| 4BR | $9,850 | −$9,650 (-49.5%) | −$4,150 (-29.6%) | $9,850 – $9,850 | 1 |
| 4BR | $9,925 | −$9,575 (-49.1%) | −$4,075 (-29.1%) | $9,575 – $11,938 | 4 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
SoHo vs. New York City — June 2023
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,373 | $2,500 | +$873 (+34.9%) |
| Studio | $2,650 | $2,500 | +$150 (+6.0%) |
| Studio | $3,500 | $2,500 | +$1,000 (+40.0%) |
| 1BR | $4,250 | $2,488 | +$1,763 (+70.9%) |
| 1BR | $3,598 | $2,488 | +$1,110 (+44.6%) |
| 1BR | $3,800 | $2,488 | +$1,313 (+52.8%) |
| 2BR | $3,875 | $2,828 | +$1,047 (+37.0%) |
| 2BR | $5,500 | $2,828 | +$2,672 (+94.5%) |
| 2BR | $9,450 | $2,828 | +$6,622 (+234.1%) |
| 3BR | $8,200 | $3,300 | +$4,900 (+148.5%) |
| 3BR | $8,400 | $3,300 | +$5,100 (+154.5%) |
| 3BR | $6,498 | $3,300 | +$3,198 (+96.9%) |
| 4BR | $9,850 | $4,200 | +$5,650 (+134.5%) |
| 4BR | $9,925 | $4,200 | +$5,725 (+136.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.