Monthly Rent Report
SoHo Rent Report — September 2023
Asking rents in ZIP 10012, New York City, from 34 listings.
Median 1BR rent in SoHo was $4,500 in September 2023, up 7.3% (+$305) from August 2023 and up 25.2% year-over-year. The middle half of 1BR listings asked between $4,500 and $4,500. That puts SoHo $2,000 above the New York City citywide 1BR median of $2,500. The month's figures are based on 34 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,750 | +$603 (+19.2%) | +$500 (+15.4%) | $3,750 – $3,750 | 5 |
| Studio | $2,995 | −$152 (-4.8%) | −$255 (-7.8%) | $2,995 – $2,995 | 1 |
| Studio | $3,200 | +$53 (+1.7%) | −$50 (-1.5%) | $3,200 – $3,200 | 1 |
| 1BR | $4,500 | +$305 (+7.3%) | +$905 (+25.2%) | $4,500 – $4,500 | 7 |
| 1BR | $3,500 | −$695 (-16.6%) | −$95 (-2.6%) | $3,495 – $3,675 | 3 |
| 1BR | $3,354 | −$841 (-20.0%) | −$241 (-6.7%) | $3,325 – $4,025 | 3 |
| 2BR | $5,000 | −$12,250 (-71.0%) | −$11,500 (-69.7%) | $4,700 – $5,300 | 2 |
| 2BR | $4,995 | −$12,255 (-71.0%) | −$11,505 (-69.7%) | $4,995 – $4,995 | 1 |
| 2BR | $14,300 | −$2,950 (-17.1%) | −$2,200 (-13.3%) | $14,300 – $14,300 | 1 |
| 3BR | $18,000 | +$10,200 (+130.8%) | +$10,005 (+125.1%) | $18,000 – $18,000 | 1 |
| 3BR | $5,195 | −$2,605 (-33.4%) | −$2,800 (-35.0%) | $5,195 – $5,195 | 1 |
| 3BR | $6,277 | −$1,523 (-19.5%) | −$1,718 (-21.5%) | $6,277 – $6,277 | 1 |
| 4BR | $10,635 | +$385 (+3.8%) | +$826 (+8.4%) | $9,676 – $10,635 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
SoHo vs. New York City — September 2023
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,750 | $2,400 | +$1,350 (+56.3%) |
| Studio | $2,995 | $2,400 | +$595 (+24.8%) |
| Studio | $3,200 | $2,400 | +$800 (+33.3%) |
| 1BR | $4,500 | $2,500 | +$2,000 (+80.0%) |
| 1BR | $3,500 | $2,500 | +$1,000 (+40.0%) |
| 1BR | $3,354 | $2,500 | +$854 (+34.2%) |
| 2BR | $5,000 | $3,000 | +$2,000 (+66.7%) |
| 2BR | $4,995 | $3,000 | +$1,995 (+66.5%) |
| 2BR | $14,300 | $3,000 | +$11,300 (+376.7%) |
| 3BR | $18,000 | $3,500 | +$14,500 (+414.3%) |
| 3BR | $5,195 | $3,500 | +$1,695 (+48.4%) |
| 3BR | $6,277 | $3,500 | +$2,777 (+79.3%) |
| 4BR | $10,635 | $4,325 | +$6,310 (+145.9%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.