Monthly Rent Report
Chelsea Rent Report — March 2023
Asking rents in ZIP 10001, New York City, from 582 listings.
Median 1BR rent in Chelsea was $5,661 in March 2023, up 16.4% (+$796) from February 2023. The middle half of 1BR listings asked between $5,505 and $5,854. That puts Chelsea $3,362 above the New York City citywide 1BR median of $2,299. The month's figures are based on 582 listings across 21 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,230 | +$26 (+0.6%) | — | $3,712 – $4,549 | 51 |
| Studio | $4,030 | −$174 (-4.2%) | — | $3,860 – $4,289 | 70 |
| Studio | $4,135 | −$69 (-1.6%) | — | $4,069 – $4,743 | 7 |
| Studio | $3,916 | −$288 (-6.9%) | — | $3,841 – $3,976 | 5 |
| 1BR | $5,661 | +$796 (+16.4%) | — | $5,505 – $5,854 | 23 |
| 1BR | $5,275 | +$410 (+8.4%) | — | $4,684 – $5,375 | 6 |
| 1BR | $5,411 | +$546 (+11.2%) | — | $4,886 – $5,990 | 116 |
| 1BR | $4,951 | +$86 (+1.8%) | — | $4,523 – $5,625 | 127 |
| 2BR | $7,500 | −$249 (-3.2%) | — | $6,865 – $8,500 | 54 |
| 2BR | $7,914 | +$165 (+2.1%) | — | $6,200 – $9,603 | 59 |
| 2BR | $8,394 | +$645 (+8.3%) | — | $7,803 – $9,110 | 4 |
| 2BR | $8,295 | +$546 (+7.0%) | — | $8,295 – $8,295 | 1 |
| 3BR | $10,000 | −$317 (-3.1%) | — | $5,500 – $10,500 | 13 |
| 3BR | $6,000 | −$4,317 (-41.8%) | — | $5,500 – $10,000 | 10 |
| 3BR | $11,995 | +$1,678 (+16.3%) | — | $7,100 – $13,250 | 15 |
| 4BR | $9,499 | +$504 (+5.6%) | — | $8,500 – $17,125 | 7 |
| 4BR | $9,000 | +$5 (+0.1%) | — | $8,500 – $14,937 | 6 |
| 4BR | $8,499 | −$496 (-5.5%) | — | $8,247 – $13,250 | 3 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — March 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,230 | $2,200 | +$2,030 (+92.3%) |
| Studio | $4,030 | $2,200 | +$1,830 (+83.2%) |
| Studio | $4,135 | $2,200 | +$1,935 (+88.0%) |
| Studio | $3,916 | $2,200 | +$1,716 (+78.0%) |
| 1BR | $5,661 | $2,299 | +$3,362 (+146.2%) |
| 1BR | $5,275 | $2,299 | +$2,976 (+129.4%) |
| 1BR | $5,411 | $2,299 | +$3,112 (+135.3%) |
| 1BR | $4,951 | $2,299 | +$2,652 (+115.4%) |
| 2BR | $7,500 | $2,650 | +$4,850 (+183.0%) |
| 2BR | $7,914 | $2,650 | +$5,264 (+198.6%) |
| 2BR | $8,394 | $2,650 | +$5,744 (+216.7%) |
| 2BR | $8,295 | $2,650 | +$5,645 (+213.0%) |
| 3BR | $10,000 | $3,200 | +$6,800 (+212.5%) |
| 3BR | $6,000 | $3,200 | +$2,800 (+87.5%) |
| 3BR | $11,995 | $3,200 | +$8,795 (+274.8%) |
| 4BR | $9,499 | $3,995 | +$5,504 (+137.8%) |
| 4BR | $9,000 | $3,995 | +$5,005 (+125.3%) |
| 4BR | $8,499 | $3,995 | +$4,504 (+112.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.