Monthly Rent Report
SoHo Rent Report — August 2023
Asking rents in ZIP 10012, New York City, from 416 listings.
Median 1BR rent in SoHo was $4,995 in August 2023, up 27.7% (+$1,083) from July 2023 and down 8.3% year-over-year. The middle half of 1BR listings asked between $4,995 and $4,995. That puts SoHo $2,645 above the New York City citywide 1BR median of $2,350. The month's figures are based on 416 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,147 | −$248 (-7.3%) | −$153 (-4.6%) | $3,096 – $3,634 | 10 |
| Studio | $3,400 | +$5 (+0.1%) | +$100 (+3.0%) | $2,800 – $3,800 | 5 |
| Studio | $3,413 | +$18 (+0.5%) | +$113 (+3.4%) | $2,995 – $3,800 | 40 |
| 1BR | $4,995 | +$1,083 (+27.7%) | −$455 (-8.3%) | $4,995 – $4,995 | 2 |
| 1BR | $4,195 | +$283 (+7.2%) | −$1,255 (-23.0%) | $3,495 – $4,983 | 139 |
| 1BR | $3,800 | −$112 (-2.9%) | −$1,650 (-30.3%) | $3,250 – $4,500 | 7 |
| 2BR | $4,840 | −$685 (-12.4%) | −$1,410 (-22.6%) | $4,500 – $6,200 | 22 |
| 2BR | $5,995 | +$470 (+8.5%) | −$255 (-4.1%) | $4,700 – $10,875 | 121 |
| 2BR | $17,250 | +$11,725 (+212.2%) | +$11,000 (+176.0%) | $16,875 – $17,625 | 2 |
| 3BR | $6,750 | −$1,500 (-18.2%) | −$825 (-10.9%) | $5,895 – $8,500 | 45 |
| 3BR | $5,950 | −$2,300 (-27.9%) | −$1,625 (-21.5%) | $5,950 – $5,950 | 1 |
| 3BR | $7,800 | −$450 (-5.5%) | +$225 (+3.0%) | $7,800 – $7,800 | 1 |
| 4BR | $11,000 | −$8,995 (-45.0%) | +$1,357 (+14.1%) | $10,375 – $11,625 | 2 |
| 4BR | $12,250 | −$7,745 (-38.7%) | +$2,607 (+27.0%) | $9,875 – $16,123 | 3 |
| 4BR | $10,250 | −$9,745 (-48.7%) | +$607 (+6.3%) | $7,500 – $11,875 | 10 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
SoHo vs. New York City — August 2023
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,147 | $2,490 | +$657 (+26.4%) |
| Studio | $3,400 | $2,490 | +$910 (+36.5%) |
| Studio | $3,413 | $2,490 | +$923 (+37.0%) |
| 1BR | $4,995 | $2,350 | +$2,645 (+112.6%) |
| 1BR | $4,195 | $2,350 | +$1,845 (+78.5%) |
| 1BR | $3,800 | $2,350 | +$1,450 (+61.7%) |
| 2BR | $4,840 | $2,859 | +$1,981 (+69.3%) |
| 2BR | $5,995 | $2,859 | +$3,136 (+109.7%) |
| 2BR | $17,250 | $2,859 | +$14,391 (+503.4%) |
| 3BR | $6,750 | $3,413 | +$3,338 (+97.8%) |
| 3BR | $5,950 | $3,413 | +$2,538 (+74.4%) |
| 3BR | $7,800 | $3,413 | +$4,388 (+128.6%) |
| 4BR | $11,000 | $4,200 | +$6,800 (+161.9%) |
| 4BR | $12,250 | $4,200 | +$8,050 (+191.7%) |
| 4BR | $10,250 | $4,200 | +$6,050 (+144.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.