Monthly Rent Report
SoHo Rent Report — May 2024
Asking rents in ZIP 10012, New York City, from 601 listings.
Median 1BR rent in SoHo was $4,310 in May 2024, up 2.6% (+$110) from April 2024 and up 10.7% year-over-year. The middle half of 1BR listings asked between $4,218 and $4,403. That puts SoHo $1,885 above the New York City citywide 1BR median of $2,425. The month's figures are based on 601 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,550 | +$550 (+18.3%) | −$700 (-16.5%) | $3,275 – $3,920 | 20 |
| Studio | $3,950 | +$950 (+31.7%) | −$300 (-7.1%) | $3,400 – $4,400 | 56 |
| Studio | $2,995 | −$5 (-0.2%) | −$1,255 (-29.5%) | $2,995 – $2,995 | 1 |
| 1BR | $4,310 | +$110 (+2.6%) | +$415 (+10.7%) | $4,218 – $4,403 | 2 |
| 1BR | $4,398 | +$198 (+4.7%) | +$503 (+12.9%) | $3,761 – $5,181 | 210 |
| 1BR | $4,495 | +$295 (+7.0%) | +$600 (+15.4%) | $3,800 – $4,811 | 62 |
| 2BR | $4,960 | −$2,040 (-29.1%) | +$160 (+3.3%) | $4,943 – $4,978 | 2 |
| 2BR | $6,200 | −$800 (-11.4%) | +$1,400 (+29.2%) | $4,825 – $9,143 | 50 |
| 2BR | $5,751 | −$1,249 (-17.8%) | +$951 (+19.8%) | $4,995 – $8,925 | 134 |
| 3BR | $4,595 | −$2,905 (-38.7%) | −$555 (-10.8%) | $4,595 – $4,595 | 1 |
| 3BR | $10,250 | +$2,750 (+36.7%) | +$5,100 (+99.0%) | $6,995 – $16,000 | 38 |
| 3BR | $8,995 | +$1,495 (+19.9%) | +$3,845 (+74.7%) | $7,300 – $13,000 | 15 |
| 4BR | $9,945 | +$1,895 (+23.5%) | −$6,555 (-39.7%) | $9,000 – $19,995 | 7 |
| 4BR | $19,995 | +$11,945 (+148.4%) | +$3,495 (+21.2%) | $19,995 – $19,995 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
SoHo vs. New York City — May 2024
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,550 | $2,350 | +$1,200 (+51.1%) |
| Studio | $3,950 | $2,350 | +$1,600 (+68.1%) |
| Studio | $2,995 | $2,350 | +$645 (+27.4%) |
| 1BR | $4,310 | $2,425 | +$1,885 (+77.7%) |
| 1BR | $4,398 | $2,425 | +$1,973 (+81.3%) |
| 1BR | $4,495 | $2,425 | +$2,070 (+85.4%) |
| 2BR | $4,960 | $2,914 | +$2,047 (+70.2%) |
| 2BR | $6,200 | $2,914 | +$3,287 (+112.8%) |
| 2BR | $5,751 | $2,914 | +$2,838 (+97.4%) |
| 3BR | $4,595 | $3,600 | +$995 (+27.6%) |
| 3BR | $10,250 | $3,600 | +$6,650 (+184.7%) |
| 3BR | $8,995 | $3,600 | +$5,395 (+149.9%) |
| 4BR | $9,945 | $4,250 | +$5,695 (+134.0%) |
| 4BR | $19,995 | $4,250 | +$15,745 (+370.5%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.