Monthly Rent Report
SoHo Rent Report — July 2023
Asking rents in ZIP 10012, New York City, from 172 listings.
Median 1BR rent in SoHo was $3,913 in July 2023, down 7.9% (−$337) from June 2023 and up 8.8% year-over-year. The middle half of 1BR listings asked between $3,465 and $4,395. That puts SoHo $1,463 above the New York City citywide 1BR median of $2,450. The month's figures are based on 172 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,650 | −$722 (-21.4%) | −$1,850 (-41.1%) | $2,650 – $2,650 | 1 |
| Studio | $3,400 | +$28 (+0.8%) | −$1,100 (-24.4%) | $3,200 – $3,710 | 7 |
| Studio | $3,395 | +$23 (+0.7%) | −$1,105 (-24.6%) | $3,323 – $3,450 | 7 |
| 1BR | $3,913 | −$337 (-7.9%) | +$318 (+8.8%) | $3,465 – $4,395 | 28 |
| 1BR | $4,300 | +$50 (+1.2%) | +$705 (+19.6%) | $3,595 – $5,100 | 33 |
| 1BR | $4,445 | +$195 (+4.6%) | +$850 (+23.6%) | $3,896 – $4,521 | 4 |
| 2BR | $5,625 | −$3,825 (-40.5%) | +$1,130 (+25.1%) | $4,995 – $9,371 | 38 |
| 2BR | $5,525 | −$3,925 (-41.5%) | +$1,030 (+22.9%) | $5,138 – $5,913 | 2 |
| 2BR | $6,450 | −$3,000 (-31.7%) | +$1,955 (+43.5%) | $4,695 – $12,500 | 21 |
| 3BR | $8,250 | +$50 (+0.6%) | +$50 (+0.6%) | $6,100 – $14,811 | 8 |
| 3BR | $6,200 | −$2,000 (-24.4%) | −$2,000 (-24.4%) | $6,000 – $6,275 | 3 |
| 3BR | $7,088 | −$1,112 (-13.6%) | −$1,112 (-13.6%) | $6,470 – $9,188 | 8 |
| 4BR | $14,873 | +$5,023 (+51.0%) | +$6,123 (+70.0%) | $12,311 – $17,434 | 2 |
| 4BR | $19,995 | +$10,145 (+103.0%) | +$11,245 (+128.5%) | $19,995 – $19,995 | 3 |
| 4BR | $19,995 | +$10,145 (+103.0%) | +$11,245 (+128.5%) | $19,995 – $19,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
SoHo vs. New York City — July 2023
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,650 | $2,498 | +$153 (+6.1%) |
| Studio | $3,400 | $2,498 | +$903 (+36.1%) |
| Studio | $3,395 | $2,498 | +$898 (+35.9%) |
| 1BR | $3,913 | $2,450 | +$1,463 (+59.7%) |
| 1BR | $4,300 | $2,450 | +$1,850 (+75.5%) |
| 1BR | $4,445 | $2,450 | +$1,995 (+81.4%) |
| 2BR | $5,625 | $2,800 | +$2,825 (+100.9%) |
| 2BR | $5,525 | $2,800 | +$2,725 (+97.3%) |
| 2BR | $6,450 | $2,800 | +$3,650 (+130.4%) |
| 3BR | $8,250 | $3,400 | +$4,850 (+142.7%) |
| 3BR | $6,200 | $3,400 | +$2,800 (+82.4%) |
| 3BR | $7,088 | $3,400 | +$3,688 (+108.5%) |
| 4BR | $14,873 | $4,200 | +$10,673 (+254.1%) |
| 4BR | $19,995 | $4,200 | +$15,795 (+376.1%) |
| 4BR | $19,995 | $4,200 | +$15,795 (+376.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.