Monthly Rent Report
SoHo Rent Report — January 2024
Asking rents in ZIP 10012, New York City, from 186 listings.
Median 1BR rent in SoHo was $4,300 in January 2024, down 47.6% (−$3,900) from December 2023 and up 23.0% year-over-year. The middle half of 1BR listings asked between $3,495 and $5,613. That puts SoHo $1,950 above the New York City citywide 1BR median of $2,350. The month's figures are based on 186 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,195 | +$445 (+16.2%) | +$195 (+6.5%) | $2,950 – $3,950 | 29 |
| Studio | $3,000 | +$250 (+9.1%) | $0 (0.0%) | $3,000 – $3,000 | 1 |
| Studio | $3,700 | +$950 (+34.5%) | +$700 (+23.3%) | $3,598 – $3,823 | 7 |
| 1BR | $4,300 | −$3,900 (-47.6%) | +$805 (+23.0%) | $3,495 – $5,613 | 42 |
| 1BR | $4,500 | −$3,700 (-45.1%) | +$1,005 (+28.8%) | $4,000 – $4,750 | 9 |
| 1BR | $3,300 | −$4,900 (-59.8%) | −$195 (-5.6%) | $3,300 – $3,300 | 1 |
| 2BR | $5,750 | +$755 (+15.1%) | −$750 (-11.5%) | $4,700 – $11,500 | 19 |
| 2BR | $5,495 | +$500 (+10.0%) | −$1,005 (-15.5%) | $5,495 – $5,495 | 1 |
| 2BR | $5,000 | +$5 (+0.1%) | −$1,500 (-23.1%) | $4,400 – $10,550 | 51 |
| 3BR | $9,648 | −$2,852 (-22.8%) | −$2,347 (-19.6%) | $5,570 – $17,500 | 12 |
| 3BR | $19,750 | +$7,250 (+58.0%) | +$7,755 (+64.7%) | $19,750 – $19,750 | 1 |
| 3BR | $12,500 | $0 (0.0%) | +$505 (+4.2%) | $5,575 – $17,500 | 5 |
| 4BR | $6,300 | +$700 (+12.5%) | −$11,700 (-65.0%) | $6,300 – $6,300 | 1 |
| 4BR | $6,300 | +$700 (+12.5%) | −$11,700 (-65.0%) | $6,300 – $7,813 | 3 |
| 4BR | $7,813 | +$2,213 (+39.5%) | −$10,187 (-56.6%) | $7,056 – $8,569 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
SoHo vs. New York City — January 2024
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,195 | $2,338 | +$858 (+36.7%) |
| Studio | $3,000 | $2,338 | +$663 (+28.3%) |
| Studio | $3,700 | $2,338 | +$1,363 (+58.3%) |
| 1BR | $4,300 | $2,350 | +$1,950 (+83.0%) |
| 1BR | $4,500 | $2,350 | +$2,150 (+91.5%) |
| 1BR | $3,300 | $2,350 | +$950 (+40.4%) |
| 2BR | $5,750 | $2,885 | +$2,865 (+99.3%) |
| 2BR | $5,495 | $2,885 | +$2,610 (+90.5%) |
| 2BR | $5,000 | $2,885 | +$2,115 (+73.3%) |
| 3BR | $9,648 | $3,443 | +$6,204 (+180.2%) |
| 3BR | $19,750 | $3,443 | +$16,307 (+473.6%) |
| 3BR | $12,500 | $3,443 | +$9,057 (+263.0%) |
| 4BR | $6,300 | $4,000 | +$2,300 (+57.5%) |
| 4BR | $6,300 | $4,000 | +$2,300 (+57.5%) |
| 4BR | $7,813 | $4,000 | +$3,813 (+95.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.