Monthly Rent Report
SoHo Rent Report — March 2024
Asking rents in ZIP 10012, New York City, from 151 listings.
Median 1BR rent in SoHo was $4,495 in March 2024, up 5.8% (+$245) from February 2024 and up 5.6% year-over-year. The middle half of 1BR listings asked between $3,599 and $5,326. That puts SoHo $1,996 above the New York City citywide 1BR median of $2,499. The month's figures are based on 151 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,975 | −$75 (-2.5%) | −$620 (-17.2%) | $2,700 – $3,420 | 10 |
| Studio | $3,000 | −$50 (-1.6%) | −$595 (-16.6%) | $3,000 – $3,000 | 1 |
| Studio | $3,250 | +$200 (+6.6%) | −$345 (-9.6%) | $2,875 – $3,496 | 12 |
| 1BR | $4,495 | +$245 (+5.8%) | +$238 (+5.6%) | $3,599 – $5,326 | 28 |
| 1BR | $3,600 | −$650 (-15.3%) | −$657 (-15.4%) | $3,600 – $3,600 | 1 |
| 1BR | $4,495 | +$245 (+5.8%) | +$238 (+5.6%) | $3,523 – $6,000 | 31 |
| 2BR | $5,725 | +$780 (+15.8%) | −$525 (-8.4%) | $4,725 – $10,500 | 34 |
| 2BR | $4,800 | −$145 (-2.9%) | −$1,450 (-23.2%) | $4,200 – $9,700 | 17 |
| 2BR | $4,895 | −$50 (-1.0%) | −$1,355 (-21.7%) | $4,895 – $4,895 | 1 |
| 3BR | $6,295 | −$500 (-7.4%) | −$655 (-9.4%) | $5,475 – $8,420 | 7 |
| 3BR | $7,950 | +$1,155 (+17.0%) | +$1,000 (+14.4%) | $7,950 – $7,950 | 1 |
| 3BR | $13,000 | +$6,205 (+91.3%) | +$6,050 (+87.1%) | $11,498 – $14,250 | 3 |
| 4BR | $14,000 | +$4,838 (+52.8%) | +$5,000 (+55.6%) | $14,000 – $14,000 | 2 |
| 4BR | $14,000 | +$4,838 (+52.8%) | +$5,000 (+55.6%) | $14,000 – $14,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
SoHo vs. New York City — March 2024
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,975 | $2,450 | +$525 (+21.4%) |
| Studio | $3,000 | $2,450 | +$550 (+22.4%) |
| Studio | $3,250 | $2,450 | +$800 (+32.7%) |
| 1BR | $4,495 | $2,499 | +$1,996 (+79.9%) |
| 1BR | $3,600 | $2,499 | +$1,101 (+44.1%) |
| 1BR | $4,495 | $2,499 | +$1,996 (+79.9%) |
| 2BR | $5,725 | $2,995 | +$2,731 (+91.2%) |
| 2BR | $4,800 | $2,995 | +$1,806 (+60.3%) |
| 2BR | $4,895 | $2,995 | +$1,901 (+63.5%) |
| 3BR | $6,295 | $3,500 | +$2,795 (+79.9%) |
| 3BR | $7,950 | $3,500 | +$4,450 (+127.1%) |
| 3BR | $13,000 | $3,500 | +$9,500 (+271.4%) |
| 4BR | $14,000 | $4,250 | +$9,751 (+229.5%) |
| 4BR | $14,000 | $4,250 | +$9,751 (+229.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.