Monthly Rent Report
Chelsea Rent Report — May 2023
Asking rents in ZIP 10001, New York City, from 550 listings.
Median 1BR rent in Chelsea was $5,225 in May 2023, down 9.0% (−$519) from April 2023. The middle half of 1BR listings asked between $5,213 and $5,238. That puts Chelsea $2,748 above the New York City citywide 1BR median of $2,477. The month's figures are based on 550 listings across 20 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,128 | +$63 (+1.5%) | — | $3,949 – $4,409 | 58 |
| Studio | $3,698 | −$367 (-9.0%) | — | $3,596 – $3,799 | 2 |
| Studio | $4,298 | +$233 (+5.7%) | — | $3,788 – $4,611 | 80 |
| Studio | $4,165 | +$100 (+2.5%) | — | $4,089 – $4,350 | 4 |
| 1BR | $5,225 | −$519 (-9.0%) | — | $5,213 – $5,238 | 2 |
| 1BR | $5,572 | −$172 (-3.0%) | — | $5,096 – $6,342 | 146 |
| 1BR | $5,238 | −$506 (-8.8%) | — | $4,819 – $5,727 | 82 |
| 1BR | $5,632 | −$112 (-1.9%) | — | $5,277 – $5,859 | 23 |
| 2BR | $9,445 | +$1,254 (+15.3%) | — | $8,720 – $10,170 | 2 |
| 2BR | $8,550 | +$359 (+4.4%) | — | $7,852 – $9,995 | 72 |
| 2BR | $8,102 | −$89 (-1.1%) | — | $8,067 – $8,102 | 3 |
| 2BR | $7,880 | −$311 (-3.8%) | — | $7,593 – $9,190 | 39 |
| 3BR | $8,475 | −$9,025 (-51.6%) | — | $8,475 – $8,475 | 1 |
| 3BR | $10,738 | −$6,762 (-38.6%) | — | $10,738 – $10,738 | 1 |
| 3BR | $11,998 | −$5,502 (-31.4%) | — | $9,875 – $15,250 | 20 |
| 4BR | $9,747 | +$372 (+4.0%) | — | $8,496 – $15,311 | 6 |
| 4BR | $8,499 | −$876 (-9.3%) | — | $8,497 – $12,625 | 3 |
| 4BR | $8,998 | −$377 (-4.0%) | — | $7,999 – $9,996 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — May 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,128 | $2,450 | +$1,678 (+68.5%) |
| Studio | $3,698 | $2,450 | +$1,248 (+50.9%) |
| Studio | $4,298 | $2,450 | +$1,848 (+75.4%) |
| Studio | $4,165 | $2,450 | +$1,715 (+70.0%) |
| 1BR | $5,225 | $2,477 | +$2,748 (+110.9%) |
| 1BR | $5,572 | $2,477 | +$3,094 (+124.9%) |
| 1BR | $5,238 | $2,477 | +$2,760 (+111.4%) |
| 1BR | $5,632 | $2,477 | +$3,155 (+127.3%) |
| 2BR | $9,445 | $2,800 | +$6,645 (+237.3%) |
| 2BR | $8,550 | $2,800 | +$5,750 (+205.4%) |
| 2BR | $8,102 | $2,800 | +$5,302 (+189.4%) |
| 2BR | $7,880 | $2,800 | +$5,080 (+181.4%) |
| 3BR | $8,475 | $3,225 | +$5,250 (+162.8%) |
| 3BR | $10,738 | $3,225 | +$7,513 (+233.0%) |
| 3BR | $11,998 | $3,225 | +$8,773 (+272.0%) |
| 4BR | $9,747 | $4,000 | +$5,747 (+143.7%) |
| 4BR | $8,499 | $4,000 | +$4,499 (+112.5%) |
| 4BR | $8,998 | $4,000 | +$4,998 (+124.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.