Rents in some of New York City’s wealthiest enclaves have spiked more than 60% since the pandemic, forcing even six-figure earners to struggle for apartments.

Tribeca and SoHo posted the sharpest increases, each soaring around 60% from 2020 to 2025, according to a Bloomberg News analysis of StreetEasy and US Census Bureau data.

Tribeca’s median asking rent now tops $8,000 a month. 5

Greenpoint and Williamsburg crossed $5,000, while Long Island City jumped above $4,500.

Chelsea and Dumbo saw hikes of 50% or more.

Citywide, rents climbed 27% between 2020 and 2024 , outpacing Los Angeles, Boston and Washington, DC, Bloomberg reported, citing Zillow’s rent index.

High-earning renters — career professionals who work in industries such as finance and the arts — are now competing

See Full Page