Monthly Rent Report
Chelsea Rent Report — February 2023
Asking rents in ZIP 10001, New York City, from 425 listings.
Median 1BR rent in Chelsea was $5,350 in February 2023, up 14.9% (+$695) from January 2023. The middle half of 1BR listings asked between $4,795 and $5,400. That puts Chelsea $3,151 above the New York City citywide 1BR median of $2,200. The month's figures are based on 425 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,935 | −$860 (-17.9%) | — | $3,650 – $4,227 | 73 |
| Studio | $4,204 | −$591 (-12.3%) | — | $3,650 – $4,342 | 29 |
| Studio | $4,074 | −$721 (-15.0%) | — | $3,975 – $4,153 | 5 |
| 1BR | $5,350 | +$695 (+14.9%) | — | $4,795 – $5,400 | 5 |
| 1BR | $4,865 | +$210 (+4.5%) | — | $4,500 – $5,421 | 105 |
| 1BR | $5,350 | +$695 (+14.9%) | — | $4,800 – $6,079 | 83 |
| 2BR | $7,348 | −$420 (-5.4%) | — | $7,348 – $7,348 | 1 |
| 2BR | $7,749 | −$19 (-0.2%) | — | $6,947 – $8,919 | 43 |
| 2BR | $7,430 | −$338 (-4.4%) | — | $6,635 – $8,935 | 49 |
| 3BR | $10,318 | +$2,821 (+37.6%) | — | $7,646 – $12,438 | 12 |
| 3BR | $12,995 | +$5,499 (+73.3%) | — | $11,275 – $15,748 | 3 |
| 3BR | $16,513 | +$9,017 (+120.3%) | — | $15,173 – $17,257 | 3 |
| 4BR | $8,995 | — | — | $8,747 – $8,998 | 3 |
| 4BR | $8,750 | — | — | $8,624 – $8,875 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — February 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,935 | $2,260 | +$1,675 (+74.1%) |
| Studio | $4,204 | $2,260 | +$1,944 (+86.0%) |
| Studio | $4,074 | $2,260 | +$1,814 (+80.3%) |
| 1BR | $5,350 | $2,200 | +$3,151 (+143.2%) |
| 1BR | $4,865 | $2,200 | +$2,666 (+121.2%) |
| 1BR | $5,350 | $2,200 | +$3,151 (+143.2%) |
| 2BR | $7,348 | $2,695 | +$4,653 (+172.7%) |
| 2BR | $7,749 | $2,695 | +$5,054 (+187.5%) |
| 2BR | $7,430 | $2,695 | +$4,735 (+175.7%) |
| 3BR | $10,318 | $3,200 | +$7,118 (+222.4%) |
| 3BR | $12,995 | $3,200 | +$9,795 (+306.1%) |
| 3BR | $16,513 | $3,200 | +$13,313 (+416.0%) |
| 4BR | $8,995 | $3,800 | +$5,195 (+136.7%) |
| 4BR | $8,750 | $3,800 | +$4,950 (+130.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.