Average Rent in SoHo, New York, NY

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Current Versus Historical SoHo, New York, NY Rents

SoHo rentals average $2,995 for a studio rental to $25,000 for a 4-bedroom rental. The median price of all currently available listings is $7,725, or roughly $8 per square feet.
For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $593 (18.76%) year-over-year from $3,158 to $3,750. 1-bedroom rentals prices have decreased by $1,103 (-20.71%) year-over-year from $5,328 to $4,225. 2-bedroom rentals prices have increased by $85 (0.68%) year-over-year from $12,415 to $12,500. 3-bedroom rentals prices have decreased by $7,225 (-47.59%) year-over-year from $15,182 to $7,957. 4-bedroom rentals prices have decreased by $10,375 (-30.22%) year-over-year from $34,333 to $23,959. 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 5.63% this month. 1-bedroom rents have gone down by 24.58% this month. 2-bedroom rents have gone up by 2.27% this month. 3-bedroom rents have gone down by 52.22% this month. 4-bedroom rents have gone down by 13.27% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $11.80 $3,750 $3,158 (18.76%) $2,658 (41.07%)
1 BR $8.35 $4,225 $5,328 (-20.71%) $3,120 (35.42%)
2 BR $8.18 $12,500 $12,415 (0.68%) $5,298 (135.96%)
3 BR $14.07 $7,957 $15,182 (-47.59%) $8,217 (-3.16%)
4+ BR $13.56 $23,959 $34,333 (-30.22%) $19,166 (25.01%)

Historical Rents in SoHo, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near SoHo

There are a total of 31 cities nearby SoHo. The average rent in SoHo is currently $3,000 per month. A total of 28 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,950, is the most affordable city nearby. In contrast, the most expensive city near SoHo, New York, NY is Westport, CT. Monthly rents here are on average $15,475 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 44.91% more expensive than other cities nearby. One bedrooms are about 41.84% more expensive. Two bedrooms in SoHo, New York, NY are about 77.59% more expensive. Finally, rent for three bedrooms are about 41.75% more expensive. Want more information? Check out the top 10 cities out of 31 total cities near SoHo, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,150 $2,050 $2,100 $2,300
Elizabeth, NJ $1,861 $1,725 $2,200 $2,350
Bayonne, NJ N/A $2,036 $2,300 $2,379
West New York, NJ N/A $2,475 $2,850 $2,700
Jersey City, NJ $2,767 $2,700 $2,650 $2,750
Union City, NJ $1,900 $2,250 $2,800 $2,775
Fort Lee, NJ $1,500 $2,500 $3,298 $2,850
Cliffside Park, NJ N/A $2,150 $3,150 $3,000
Hoboken, NJ $2,740 $3,240 $4,200 $3,725
New York, NY $3,495 $4,195 $5,000 $4,334

Top Neighborhoods Near SoHo

There are a total of 54 neighborhoods in or near SoHo. Some of these neighborhoods include The Heights, Clinton Hill, and The Waterfront. We've included the top 30 neighborhoods out of 54 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 $4,298 per month. A total of 53 neighborhoods have a lower average rent. Out of all the neighborhoods in or near SoHo, Bay Ridge has the most affordable average rent at $2,600 per month. Whereas, at $8,125 average rent per month, Ocean Beach is the most expensive neighborhood in or near SoHo. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
The Heights, Jersey City, NJ N/A $2,175 $2,650 $2,700
Clinton Hill, New York, NY $3,042 $3,495 $5,575 $3,500
The Waterfront, Jersey City, NJ $3,026 $3,497 $5,013 $3,654
Bowery, New York, NY $2,870 $3,995 $4,000 $3,900
Downtown Brooklyn, New York, NY $3,390 $4,210 $5,765 $4,205
Financial District, New York, NY $3,500 $4,446 $6,405 $4,295
Prospect Heights, New York, NY $3,550 $4,410 $6,068 $4,300
NoLita, New York, NY $3,545 $4,495 $4,895 $4,495
East Village, New York, NY $2,673 $3,600 $4,495 $4,495
Hell's Kitchen, New York, NY $3,461 $4,103 $6,000 $4,500
Midtown East, New York, NY $3,300 $4,200 $5,650 $4,500
Murray Hill, New York, NY $3,550 $4,235 $6,589 $4,550
Lower East Side, New York, NY $2,650 $3,395 $4,495 $4,630
Williamsburg, New York, NY $3,645 $4,422 $4,650 $4,650
Kips Bay, New York, NY $3,778 $4,075 $5,065 $4,695
West Village, New York, NY $4,555 $4,595 $5,695 $4,800
Greenwich Village, New York, NY $4,150 $4,800 $5,310 $4,800
Midtown South, New York, NY $3,785 $4,797 $6,969 $4,898
Greenpoint, New York, NY $3,495 $4,400 $5,925 $4,899
NoHo, New York, NY $4,000 $5,000 $7,750 $5,000
Battery Park City, New York, NY $3,525 $4,450 $6,750 $5,000
Hudson Yards, New York, NY $3,809 $4,625 $6,950 $5,068
Flatiron District, New York, NY $4,050 $5,900 $8,642 $5,150
Chelsea, New York, NY $3,800 $5,495 $7,707 $5,337
Little Italy, New York, NY $3,900 $5,000 $5,009 $5,375
Midtown, New York, NY $3,550 $4,212 $6,600 $5,550
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,067 $6,075 $5,795
NoMad, New York, NY $4,445 $5,585 $8,060 $5,883
Gramercy Park, New York, NY $3,815 $5,250 $5,312 $6,250
Tribeca, New York, NY $4,250 $6,000 $7,295 $6,873

Top Counties Near SoHo

There are a total of 54 counties located by SoHo, New York, NY. Some of these counties include Newark, NJ, Bayonne, NJ, and West New York, NJ. The average rent for rentals in these counties is $3,763. That's roughly around $3 per sqft. A total of 39 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,950. Vice versa, with an average rent of $15,475, Westport, CT is the most expensive county by SoHo, New York, NY.

Typically, rent for studios in SoHo, New York, NY is 37.22% more expensive than other counties nearby. In comparison, rent for one bedroom listings in SoHo, New York, NY is 37.03% more expensive than other counties nearby. Finally, rent for two bedrooms in SoHo, New York, NY is 76.93% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Newark, NJ $2,150 $2,050 $2,100 $2,300
Bayonne, NJ N/A $2,036 $2,300 $2,379
West New York, NJ N/A $2,475 $2,850 $2,700
Jersey City, NJ $2,767 $2,700 $2,650 $2,750
North Bergen, NJ $2,250 $2,125 $2,850 $2,850
Fort Lee, NJ $1,500 $2,500 $3,298 $2,850
Cliffside Park, NJ N/A $2,150 $3,150 $3,000
Hoboken, NJ $2,740 $3,240 $4,200 $3,725
Brooklyn, New York, NY $3,475 $3,924 $3,999 $3,815
Manhattan, New York, NY $3,513 $4,323 $5,500 $4,543

Top Zipcodes Near SoHo

There are a total of 50 zipcodes in or near SoHo, New York, NY. The average rent for all of these zipcodes is $4,476. A total of 48 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11375, New York, NY at $2,971 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,150. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near SoHo, New York, NY is $4,040 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,356 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in SoHo, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10013, New York, NY $3,950 $5,395 $7,500 $7,095
10012, New York, NY $3,495 $4,395 $4,895 $4,495
10007, New York, NY $4,250 $6,125 $8,275 $6,500
10014, New York, NY $4,750 $4,623 $6,250 $5,095
10003, New York, NY $3,815 $4,800 $5,075 $4,950
10038, New York, NY $3,450 $4,500 $6,463 $4,375
10005, New York, NY $3,575 $4,428 $5,821 $4,241
10002, New York, NY $2,763 $3,395 $4,495 $4,600
10011, New York, NY $3,600 $5,596 $5,695 $4,795
10009, New York, NY $2,625 $3,600 $4,495 $4,495

Frequently Asked Questions - SoHo Average Rents

What is the average rent price in SoHo, New York, NY?
The average monthly rental price for SoHo, New York, NY apartments for rent is approximately $7,725. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do SoHo, New York, NY rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in SoHo, New York, NY.
How much is a studio apartment in SoHo, New York, NY?
The average monthly rental price for studio apartments is $2,995 and an average price per square feet of $11.80. There are a total of 9 studio apartment listings currently available for rent in SoHo.
How much is a one bedroom apartment in SoHo, New York, NY?
The average monthly rental price for one bedroom apartments is $3,950 and an average price per square feet of $8.35. There are a total of 62 one bedroom apartment listings currently available for rent in SoHo.
How much is a two bedroom apartment in SoHo, New York, NY?
The average monthly rental price for two bedroom apartments is $13,500 and an average price per square feet of $8.18. There are a total of 43 two bedroom apartment listings currently available for rent in SoHo.
How have rent prices in SoHo, New York, NY changed this year?
Rent prices for rentals in SoHo, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.19%, one bedroom rental prices have changed by -0.21%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by -0.48% year-over-year.
What is a reasonable rent price in SoHo, New York, NY?
A reasonable rent price in SoHo, New York, NY is around $6,180/month. You can search for these reasonably priced rental listings on RentHop.
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