A review of apartment rental prices for 2023 found median asking rents were up once again this year, but not by nearly as much as they were in 2022.

StreetEasy's annual housing market predictions report showed median asking rents across the five boroughs jumped 9.3%, down from 2022, when the median rent increase was 28%.

Tribeca was the priciest city neighborhood based on its median asking rent of $8,090 this year, according to StreetEasy’s year-end report, followed by DUMBO with $5,695, the Flatiron District with $5,650, SoHo with $5,350, Battery Park City with $5,240, Chelsea with $5,000, the West Village with $4,900, Midtown with $4,800, Midtown South with $4,700 and Greenwich Village with $4,695.

SoHo was the priciest neighborhood based on median asking price, with a $4,250,000 median asking sales price, followed by Tribeca with $3,950,000 and Nolita with $2,822,500.

StreetEasy found that the median asking price to buy a home in the city stood at $1.1 million, the highest number since 2017.

Its analysis also made some predictions for 2024.

First: Rents are not likely to fall in the coming year, but it will be harder for landlords to ask for big increases because renters will have more vacant apartments to choose from compared to a year ago.

In an interview with NY1, StreetEasy economist Kenny Lee, who authored the housing market predictions report, said renters will likely find the most relief in Manhattan, where apartment vacancies are most acute.

"Of course, asking rent in Manhattan is still pretty expensive,” Lee said. “It is close to $4,200 as of this month. But over the past year, the increase in inventory has been really noticeable in Manhattan. As inventory rises, that will give New Yorkers who want to be closer to offices in Manhattan more options in 2024."

Lee also expects new, “amenity-rich” condos — places with in-unit laundry, a dishwasher, elevator and a doorman — to be the market’s hottest commodity next year.

His analysis found that 15% fewer New York City homes were listed in 2023 compared to 2022. With homeowners locked into low mortgage rates taking a wait-and-see approach, those in the market for a home will “increasingly consider condos in newly constructed buildings,” he said.