Average Rent and Costs in SoHo, New York, NY

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There are currently active 131 listings advertised for rent in SoHo, New York, NY. SoHo rentals average $3,195 for a studio rental to $45,000 for a 4-bedroom rental. The median price of all currently available listings is $5,800, or roughly $101 per square feet.
For the apartment units and housing in January 2023, median rents have risen substantially over the last year. Studio rentals prices have increased by $633 (24.66%) year-over-year from $2,565 to $3,195. 1-bedroom rentals prices have increased by $1,744 (50.44%) year-over-year from $3,457 to $4,675. 2-bedroom rentals prices have increased by $4,542 (54.50%) year-over-year from $8,333 to $14,750. 3-bedroom rentals prices have decreased by $1,167 (-7.95%) year-over-year from $14,667 to $5,900. 4-bedroom rentals prices have increased by $6,300 (37.72%) year-over-year from $16,700 to $45,000. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 11.85% this month. 1-bedroom rents have gone up by 18.27% this month. 2-bedroom rents have gone up by 6.27% this month. 3-bedroom rents have gone down by 21.21% this month. 4-bedroom rents have gone down by 2.82% this month.
Current Availabilities January 2023
Bedrooms     Rent Price / sqft     Whole Month Rent 1 Yr Ago Rent (% Change) 3 Yr Ago Rent (% Change)
Studio $3,195 $117 $3,198 $2,565 (24.66%) $2,667 (19.91%)
1 BR $4,675 $101 $5,200 $3,457 (50.44%) $3,666 (41.83%)
2 BR $14,750 $98 $12,875 $8,333 (54.50%) $4,648 (177.02%)
3 BR $5,900 $101 $13,500 $14,667 (-7.95%) $11,232 (20.20%)
4+ BR $45,000 $140 $23,000 $16,700 (37.72%) $12,517 (83.75%)

Historical Rents in SoHo, New York, NY

Studio
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Top Cities Near SoHo

There are a total of 21 cities nearby SoHo. The average rent in SoHo is currently $3,000 per month. A total of 20 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,700, is the most affordable city nearby. In contrast, the most expensive city near SoHo, New York, NY is Spring Lake, NJ. Monthly rents here are on average $11,750 per month.

Let's compare SoHo, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in SoHo, New York, NY is 38.97% more expensive than other cities nearby. One bedrooms are about 57.22% more expensive. Two bedrooms in SoHo, New York, NY are about 81.44% more expensive. Finally, rent for three bedrooms are about 40.68% more expensive. Want more information? Check out the top 10 cities out of 21 total cities near SoHo, New York, NY in the following chart.
City Studio 1BR 2BR All
Newark, NJ $1,950 $1,325 $1,800 $2,048
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
West New York, NJ $2,500 $2,725 $2,738 $2,763
Fort Lee, NJ $1,600 $2,500 $3,100 $2,895
Union City, NJ $2,750 $2,900 $2,500 $2,950
Red Bank, NJ $1,925 $2,488 $3,698 $3,000
Hoboken, NJ $3,300 $3,000 $4,000 $3,400
New York, NY $3,195 $3,945 $4,795 $4,000
Long Branch, NJ $1,700 $2,300 $4,000 $4,000

Top Neighborhoods Near SoHo

There are a total of 55 neighborhoods in or near SoHo. Some of these neighborhoods include The Heights, Little Italy, and The Waterfront. We've included the top 30 neighborhoods out of 55 total neighborhoods in or near SoHo, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near SoHo, New York, NY is currently around $3,995 per month. A total of 53 neighborhoods out of these neighborhoods have a lower average rent. Meaning, only minus twenty-three neighborhoods have a higher average rent than $3,995. Out of all the neighborhoods in or near SoHo, Kew Gardens has the most affordable average rent at $1,799 per month. Whereas, at $6,750 per month, Tribeca is the most expensive neighborhood in or near SoHo. View the following chart for more information.
Neighborhood Studio 1BR 2BR All
The Heights, Jersey City, NJ $2,200 $3,075 $2,400 $2,698
Little Italy, New York, NY $3,250 $3,270 $4,698 $3,500
The Waterfront, Jersey City, NJ $2,900 $3,328 $4,428 $3,531
Financial District, New York, NY $3,254 $4,145 $5,761 $3,972
Bowery, New York, NY $3,988 $3,250 $4,295 $3,995
Clinton Hill, New York, NY $2,995 $3,850 $5,500 $3,995
Murray Hill, New York, NY $3,100 $3,900 $4,250 $3,995
Brooklyn Heights, New York, NY $3,100 $3,900 $6,657 $4,174
Lower East Side, New York, NY $2,488 $3,258 $4,195 $4,195
Kips Bay, New York, NY $3,465 $3,895 $4,995 $4,195
Downtown Brooklyn, New York, NY $3,194 $4,061 $5,600 $4,198
East Village, New York, NY $2,600 $3,495 $4,495 $4,295
NoLita, New York, NY N/A $4,295 $4,795 $4,295
Hell's Kitchen, New York, NY $3,200 $3,900 $5,195 $4,395
Greenpoint, New York, NY $3,452 $4,035 $4,578 $4,408
Midtown East, New York, NY $3,000 $4,300 $5,900 $4,450
Hudson Yards, New York, NY $3,800 $4,290 $6,340 $4,462
Williamsburg, New York, NY $3,607 $4,570 $4,375 $4,500
Chelsea, New York, NY $3,700 $4,900 $6,995 $4,710
NoHo, New York, NY $3,575 $4,250 $6,818 $4,725
Greenwich Village, New York, NY $3,250 $5,395 $5,500 $4,750
Midtown South, New York, NY $3,700 $4,743 $6,975 $4,775
Battery Park City, New York, NY $3,395 $3,850 $7,892 $4,813
DUMBO, New York, NY $3,835 $4,786 $6,825 $5,095
West Village, New York, NY $3,850 $4,995 $5,600 $5,295
Flatiron District, New York, NY $3,650 $5,550 $8,685 $5,425
Midtown, New York, NY $3,725 $4,095 $6,000 $5,500
NoMad, New York, NY $4,455 $5,275 $8,500 $5,530
Gramercy Park, New York, NY $3,500 $4,275 $5,395 $5,995
Tribeca, New York, NY $4,500 $5,313 $6,954 $6,750

Top Counties Near SoHo

County Studio 1BR 2BR All
Newark, NJ $1,950 $1,325 $1,800 $2,048
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
North Bergen, NJ $1,975 $1,925 $3,100 $2,700
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
West New York, NJ $2,500 $2,725 $2,738 $2,763
Fort Lee, NJ $1,600 $2,500 $3,100 $2,895
Union City, NJ $2,750 $2,900 $2,500 $2,950
Hoboken, NJ $3,300 $3,000 $4,000 $3,400
Brooklyn, New York, NY $3,381 $3,738 $3,650 $3,600
Manhattan, New York, NY $3,187 $3,995 $5,050 $4,200

Top Zipcodes Near SoHo

Zipcode Studio 1BR 2BR All
10013, New York, NY $3,350 $3,825 $5,995 $4,450
10012, New York, NY $2,995 $4,295 $4,995 $4,295
10007, New York, NY $4,700 $5,950 $6,913 $6,500
10014, New York, NY $3,585 $5,000 $5,600 $5,100
10003, New York, NY $3,500 $3,910 $5,395 $5,395
10038, New York, NY $3,117 $4,100 $5,775 $3,995
10005, New York, NY $3,387 $4,150 $6,045 $3,995
10002, New York, NY $2,500 $3,285 $4,195 $4,195
10011, New York, NY $3,400 $5,200 $6,295 $4,800
10009, New York, NY $2,600 $3,495 $4,395 $4,195
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