Monthly Rent Report
SoHo Rent Report — October 2024
Asking rents in ZIP 10012, New York City, from 42 listings.
Median 1BR rent in SoHo was $3,200 in October 2024, down 23.7% (−$995) from September 2024 and down 15.2% year-over-year. The middle half of 1BR listings asked between $3,200 and $3,200. That puts SoHo $894 above the New York City citywide 1BR median of $2,306. The month's figures are based on 42 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,450 | +$255 (+8.0%) | +$450 (+15.0%) | $3,100 – $3,800 | 7 |
| 1BR | $3,200 | −$995 (-23.7%) | −$572 (-15.2%) | $3,200 – $3,200 | 5 |
| 1BR | $5,495 | +$1,300 (+31.0%) | +$1,723 (+45.7%) | $5,495 – $5,495 | 1 |
| 2BR | $6,325 | −$125 (-1.9%) | −$10,575 (-62.6%) | $6,213 – $6,400 | 6 |
| 2BR | $5,048 | −$1,402 (-21.7%) | −$11,852 (-70.1%) | $4,495 – $5,950 | 18 |
| 3BR | $6,495 | −$2,305 (-26.2%) | +$1,815 (+38.8%) | $6,495 – $6,495 | 1 |
| 4BR | $9,325 | +$325 (+3.6%) | +$3,025 (+48.0%) | $9,325 – $9,325 | 1 |
| 4BR | $9,200 | +$200 (+2.2%) | +$2,900 (+46.0%) | $8,498 – $9,263 | 3 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
SoHo vs. New York City — October 2024
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,450 | $2,550 | +$900 (+35.3%) |
| 1BR | $3,200 | $2,306 | +$894 (+38.8%) |
| 1BR | $5,495 | $2,306 | +$3,189 (+138.3%) |
| 2BR | $6,325 | $2,914 | +$3,412 (+117.1%) |
| 2BR | $5,048 | $2,914 | +$2,134 (+73.2%) |
| 3BR | $6,495 | $3,519 | +$2,976 (+84.6%) |
| 4BR | $9,325 | $4,100 | +$5,225 (+127.4%) |
| 4BR | $9,200 | $4,100 | +$5,100 (+124.4%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.