Monthly Rent Report
Chelsea Rent Report — April 2023
Asking rents in ZIP 10001, New York City, from 539 listings.
Median 1BR rent in Chelsea was $4,895 in April 2023, down 7.2% (−$380) from March 2023. The middle half of 1BR listings asked between $4,595 and $4,895. That puts Chelsea $2,523 above the New York City citywide 1BR median of $2,373. The month's figures are based on 539 listings across 20 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,583 | +$448 (+10.8%) | — | $4,583 – $4,583 | 1 |
| Studio | $3,900 | −$235 (-5.7%) | — | $3,900 – $3,900 | 1 |
| Studio | $4,065 | −$70 (-1.7%) | — | $3,916 – $4,315 | 62 |
| Studio | $4,330 | +$195 (+4.7%) | — | $3,938 – $4,575 | 72 |
| 1BR | $4,895 | −$380 (-7.2%) | — | $4,595 – $4,895 | 5 |
| 1BR | $5,744 | +$469 (+8.9%) | — | $5,416 – $5,906 | 22 |
| 1BR | $5,528 | +$253 (+4.8%) | — | $4,995 – $6,206 | 154 |
| 1BR | $5,095 | −$180 (-3.4%) | — | $4,720 – $5,940 | 53 |
| 2BR | $7,662 | −$252 (-3.2%) | — | $7,662 – $7,662 | 1 |
| 2BR | $8,191 | +$277 (+3.5%) | — | $6,200 – $9,955 | 69 |
| 2BR | $7,646 | −$268 (-3.4%) | — | $7,572 – $7,719 | 2 |
| 2BR | $7,763 | −$151 (-1.9%) | — | $6,815 – $8,137 | 40 |
| 3BR | $10,500 | −$1,495 (-12.5%) | — | $7,996 – $14,763 | 6 |
| 3BR | $11,995 | $0 (0.0%) | — | $9,508 – $17,875 | 22 |
| 3BR | $17,500 | +$5,505 (+45.9%) | — | $17,500 – $17,500 | 1 |
| 4BR | $8,495 | −$1,004 (-10.6%) | — | $8,495 – $8,495 | 5 |
| 4BR | $8,700 | −$799 (-8.4%) | — | $8,124 – $9,465 | 10 |
| 4BR | $9,375 | −$124 (-1.3%) | — | $8,250 – $13,123 | 7 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — April 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,583 | $2,349 | +$2,234 (+95.1%) |
| Studio | $3,900 | $2,349 | +$1,551 (+66.0%) |
| Studio | $4,065 | $2,349 | +$1,716 (+73.1%) |
| Studio | $4,330 | $2,349 | +$1,981 (+84.3%) |
| 1BR | $4,895 | $2,373 | +$2,523 (+106.3%) |
| 1BR | $5,744 | $2,373 | +$3,372 (+142.1%) |
| 1BR | $5,528 | $2,373 | +$3,156 (+133.0%) |
| 1BR | $5,095 | $2,373 | +$2,723 (+114.8%) |
| 2BR | $7,662 | $2,795 | +$4,867 (+174.1%) |
| 2BR | $8,191 | $2,795 | +$5,396 (+193.1%) |
| 2BR | $7,646 | $2,795 | +$4,851 (+173.5%) |
| 2BR | $7,763 | $2,795 | +$4,968 (+177.7%) |
| 3BR | $10,500 | $3,200 | +$7,300 (+228.1%) |
| 3BR | $11,995 | $3,200 | +$8,795 (+274.8%) |
| 3BR | $17,500 | $3,200 | +$14,300 (+446.9%) |
| 4BR | $8,495 | $4,148 | +$4,348 (+104.8%) |
| 4BR | $8,700 | $4,148 | +$4,552 (+109.8%) |
| 4BR | $9,375 | $4,148 | +$5,228 (+126.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2023.