Monthly Rent Report
SoHo Rent Report — December 2023
Asking rents in ZIP 10012, New York City, from 299 listings.
Median 1BR rent in SoHo was $8,200 in December 2023, up 7.2% (+$550) from November 2023 and up 91.7% year-over-year. The middle half of 1BR listings asked between $4,564 and $9,875. That puts SoHo $5,800 above the New York City citywide 1BR median of $2,400. The month's figures are based on 299 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,750 | −$250 (-8.3%) | −$172 (-5.9%) | $2,695 – $3,000 | 21 |
| Studio | $2,750 | −$250 (-8.3%) | −$172 (-5.9%) | $2,750 – $2,750 | 2 |
| Studio | $2,750 | −$250 (-8.3%) | −$172 (-5.9%) | $2,750 – $2,750 | 2 |
| 1BR | $8,200 | +$550 (+7.2%) | +$3,923 (+91.7%) | $4,564 – $9,875 | 14 |
| 1BR | $4,025 | −$3,625 (-47.4%) | −$252 (-5.9%) | $3,395 – $4,700 | 98 |
| 1BR | $4,495 | −$3,155 (-41.2%) | +$218 (+5.1%) | $4,495 – $4,495 | 1 |
| 2BR | $4,800 | +$1,250 (+35.2%) | −$647 (-11.9%) | $4,650 – $5,238 | 8 |
| 2BR | $3,875 | +$325 (+9.2%) | −$1,572 (-28.9%) | $3,875 – $3,875 | 1 |
| 2BR | $4,995 | +$1,445 (+40.7%) | −$452 (-8.3%) | $4,325 – $7,085 | 91 |
| 3BR | $5,250 | −$9,250 (-63.8%) | −$345 (-6.2%) | $5,250 – $8,775 | 3 |
| 3BR | $12,500 | −$2,000 (-13.8%) | +$6,905 (+123.4%) | $5,400 – $14,490 | 41 |
| 3BR | $5,250 | −$9,250 (-63.8%) | −$345 (-6.2%) | $5,250 – $8,775 | 3 |
| 4BR | $9,200 | +$2,900 (+46.0%) | −$609 (-6.2%) | $7,348 – $9,200 | 3 |
| 4BR | $5,600 | −$700 (-11.1%) | −$4,209 (-42.9%) | $5,548 – $7,550 | 3 |
| 4BR | $9,200 | +$2,900 (+46.0%) | −$609 (-6.2%) | $9,200 – $9,200 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
SoHo vs. New York City — December 2023
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,750 | $2,362 | +$388 (+16.4%) |
| Studio | $2,750 | $2,362 | +$388 (+16.4%) |
| Studio | $2,750 | $2,362 | +$388 (+16.4%) |
| 1BR | $8,200 | $2,400 | +$5,800 (+241.7%) |
| 1BR | $4,025 | $2,400 | +$1,625 (+67.7%) |
| 1BR | $4,495 | $2,400 | +$2,095 (+87.3%) |
| 2BR | $4,800 | $2,900 | +$1,900 (+65.5%) |
| 2BR | $3,875 | $2,900 | +$975 (+33.6%) |
| 2BR | $4,995 | $2,900 | +$2,095 (+72.2%) |
| 3BR | $5,250 | $3,500 | +$1,750 (+50.0%) |
| 3BR | $12,500 | $3,500 | +$9,000 (+257.1%) |
| 3BR | $5,250 | $3,500 | +$1,750 (+50.0%) |
| 4BR | $9,200 | $4,070 | +$5,130 (+126.0%) |
| 4BR | $5,600 | $4,070 | +$1,530 (+37.6%) |
| 4BR | $9,200 | $4,070 | +$5,130 (+126.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.