Monthly Rent Report
SoHo Rent Report — October 2023
Asking rents in ZIP 10012, New York City, from 130 listings.
Median 1BR rent in SoHo was $3,773 in October 2023, down 16.2% (−$727) from September 2023 and down 0.6% year-over-year. The middle half of 1BR listings asked between $3,375 and $4,568. That puts SoHo $1,323 above the New York City citywide 1BR median of $2,450. The month's figures are based on 130 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,000 | +$5 (+0.2%) | $0 (0.0%) | $3,000 – $3,000 | 1 |
| Studio | $3,250 | +$255 (+8.5%) | +$250 (+8.3%) | $3,095 – $3,490 | 5 |
| Studio | $2,750 | −$245 (-8.2%) | −$250 (-8.3%) | $2,750 – $2,750 | 1 |
| 1BR | $3,773 | −$727 (-16.2%) | −$22 (-0.6%) | $3,375 – $4,568 | 30 |
| 1BR | $3,450 | −$1,050 (-23.3%) | −$345 (-9.1%) | $3,450 – $3,450 | 1 |
| 1BR | $4,395 | −$105 (-2.3%) | +$600 (+15.8%) | $4,395 – $4,395 | 1 |
| 2BR | $9,750 | −$4,550 (-31.8%) | +$1,350 (+16.1%) | $7,125 – $12,375 | 2 |
| 2BR | $16,900 | +$2,600 (+18.2%) | +$8,500 (+101.2%) | $6,427 – $17,500 | 8 |
| 2BR | $5,295 | −$9,005 (-63.0%) | −$3,105 (-37.0%) | $4,500 – $8,995 | 29 |
| 3BR | $15,000 | +$8,723 (+139.0%) | +$10,005 (+200.3%) | $14,000 – $18,250 | 7 |
| 3BR | $14,350 | +$8,073 (+128.6%) | +$9,355 (+187.3%) | $5,400 – $14,500 | 9 |
| 3BR | $4,680 | −$1,597 (-25.4%) | −$315 (-6.3%) | $4,680 – $4,680 | 1 |
| 4BR | $8,000 | −$2,635 (-24.8%) | −$1,250 (-13.5%) | $6,750 – $9,624 | 16 |
| 4BR | $6,300 | −$4,335 (-40.8%) | −$2,950 (-31.9%) | $6,051 – $8,468 | 3 |
| 4BR | $6,300 | −$4,335 (-40.8%) | −$2,950 (-31.9%) | $6,300 – $6,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
SoHo vs. New York City — October 2023
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,000 | $2,411 | +$590 (+24.5%) |
| Studio | $3,250 | $2,411 | +$840 (+34.8%) |
| Studio | $2,750 | $2,411 | +$340 (+14.1%) |
| 1BR | $3,773 | $2,450 | +$1,323 (+54.0%) |
| 1BR | $3,450 | $2,450 | +$1,000 (+40.8%) |
| 1BR | $4,395 | $2,450 | +$1,945 (+79.4%) |
| 2BR | $9,750 | $2,900 | +$6,850 (+236.2%) |
| 2BR | $16,900 | $2,900 | +$14,000 (+482.8%) |
| 2BR | $5,295 | $2,900 | +$2,395 (+82.6%) |
| 3BR | $15,000 | $3,349 | +$11,651 (+347.9%) |
| 3BR | $14,350 | $3,349 | +$11,001 (+328.5%) |
| 3BR | $4,680 | $3,349 | +$1,331 (+39.8%) |
| 4BR | $8,000 | $4,200 | +$3,800 (+90.5%) |
| 4BR | $6,300 | $4,200 | +$2,100 (+50.0%) |
| 4BR | $6,300 | $4,200 | +$2,100 (+50.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.