Monthly Rent Report
SoHo Rent Report — February 2024
Asking rents in ZIP 10012, New York City, from 403 listings.
Median 1BR rent in SoHo was $4,250 in February 2024, down 1.2% (−$50) from January 2024 and up 1.2% year-over-year. The middle half of 1BR listings asked between $3,275 and $6,750. That puts SoHo $1,800 above the New York City citywide 1BR median of $2,450. The month's figures are based on 403 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,050 | −$650 (-17.6%) | −$545 (-15.2%) | $2,861 – $3,499 | 30 |
| Studio | $2,975 | −$725 (-19.6%) | −$620 (-17.2%) | $2,963 – $2,988 | 2 |
| Studio | $3,225 | −$475 (-12.8%) | −$370 (-10.3%) | $2,947 – $3,498 | 23 |
| 1BR | $4,250 | −$50 (-1.2%) | +$50 (+1.2%) | $3,275 – $6,750 | 63 |
| 1BR | $4,395 | +$95 (+2.2%) | +$195 (+4.6%) | $3,600 – $5,100 | 81 |
| 1BR | $3,300 | −$1,000 (-23.3%) | −$900 (-21.4%) | $3,300 – $3,300 | 1 |
| 2BR | $4,945 | −$55 (-1.1%) | −$1,250 (-20.2%) | $4,920 – $4,970 | 2 |
| 2BR | $4,995 | −$5 (-0.1%) | −$1,200 (-19.4%) | $4,500 – $8,995 | 89 |
| 2BR | $5,100 | +$100 (+2.0%) | −$1,095 (-17.7%) | $3,699 – $9,563 | 60 |
| 3BR | $6,845 | −$5,655 (-45.2%) | +$3,250 (+90.4%) | $6,295 – $6,895 | 8 |
| 3BR | $6,795 | −$5,705 (-45.6%) | +$3,200 (+89.0%) | $5,570 – $12,500 | 22 |
| 3BR | $14,500 | +$2,000 (+16.0%) | +$10,905 (+303.3%) | $13,500 – $15,500 | 2 |
| 4BR | $9,163 | +$1,350 (+17.3%) | −$432 (-4.5%) | $9,000 – $9,325 | 10 |
| 4BR | $9,163 | +$1,350 (+17.3%) | −$432 (-4.5%) | $9,000 – $9,325 | 8 |
| 4BR | $9,163 | +$1,350 (+17.3%) | −$432 (-4.5%) | $9,081 – $9,244 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
SoHo vs. New York City — February 2024
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,050 | $2,359 | +$691 (+29.3%) |
| Studio | $2,975 | $2,359 | +$616 (+26.1%) |
| Studio | $3,225 | $2,359 | +$866 (+36.7%) |
| 1BR | $4,250 | $2,450 | +$1,800 (+73.5%) |
| 1BR | $4,395 | $2,450 | +$1,945 (+79.4%) |
| 1BR | $3,300 | $2,450 | +$850 (+34.7%) |
| 2BR | $4,945 | $2,979 | +$1,966 (+66.0%) |
| 2BR | $4,995 | $2,979 | +$2,016 (+67.7%) |
| 2BR | $5,100 | $2,979 | +$2,121 (+71.2%) |
| 3BR | $6,845 | $3,500 | +$3,345 (+95.6%) |
| 3BR | $6,795 | $3,500 | +$3,295 (+94.1%) |
| 3BR | $14,500 | $3,500 | +$11,000 (+314.3%) |
| 4BR | $9,163 | $4,148 | +$5,015 (+120.9%) |
| 4BR | $9,163 | $4,148 | +$5,015 (+120.9%) |
| 4BR | $9,163 | $4,148 | +$5,015 (+120.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.