Monthly Rent Report
Chelsea Rent Report — June 2023
Asking rents in ZIP 10001, New York City, from 459 listings.
Median 1BR rent in Chelsea was $5,118 in June 2023, down 8.1% (−$454) from May 2023. The middle half of 1BR listings asked between $4,721 and $5,461. That puts Chelsea $2,630 above the New York City citywide 1BR median of $2,488. The month's figures are based on 459 listings across 20 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,050 | +$923 (+22.4%) | — | $5,050 – $5,050 | 1 |
| Studio | $4,268 | +$141 (+3.4%) | — | $3,700 – $4,650 | 57 |
| Studio | $4,283 | +$155 (+3.8%) | — | $4,108 – $4,409 | 32 |
| Studio | $4,203 | +$76 (+1.8%) | — | $4,101 – $4,247 | 3 |
| 1BR | $5,118 | −$454 (-8.1%) | — | $4,721 – $5,461 | 34 |
| 1BR | $5,088 | −$484 (-8.7%) | — | $4,950 – $5,175 | 4 |
| 1BR | $5,563 | −$8 (-0.2%) | — | $5,318 – $5,767 | 13 |
| 1BR | $5,584 | +$13 (+0.2%) | — | $5,216 – $6,250 | 186 |
| 2BR | $5,100 | −$4,345 (-46.0%) | — | $5,100 – $5,100 | 1 |
| 2BR | $8,895 | −$550 (-5.8%) | — | $8,299 – $10,369 | 80 |
| 2BR | $8,185 | −$1,260 (-13.3%) | — | $7,850 – $9,545 | 9 |
| 2BR | $8,212 | −$1,233 (-13.1%) | — | $8,177 – $8,512 | 3 |
| 3BR | $10,000 | −$738 (-6.9%) | — | $7,871 – $12,375 | 20 |
| 3BR | $11,500 | +$762 (+7.1%) | — | $8,371 – $12,000 | 6 |
| 4BR | $15,873 | +$7,374 (+86.8%) | — | $13,811 – $17,934 | 2 |
| 4BR | $11,750 | +$3,251 (+38.3%) | — | $11,750 – $11,750 | 1 |
| 4BR | $16,750 | +$8,251 (+97.1%) | — | $13,873 – $16,750 | 3 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — June 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,050 | $2,500 | +$2,550 (+102.0%) |
| Studio | $4,268 | $2,500 | +$1,768 (+70.7%) |
| Studio | $4,283 | $2,500 | +$1,783 (+71.3%) |
| Studio | $4,203 | $2,500 | +$1,703 (+68.1%) |
| 1BR | $5,118 | $2,488 | +$2,630 (+105.7%) |
| 1BR | $5,088 | $2,488 | +$2,600 (+104.5%) |
| 1BR | $5,563 | $2,488 | +$3,076 (+123.6%) |
| 1BR | $5,584 | $2,488 | +$3,097 (+124.5%) |
| 2BR | $5,100 | $2,828 | +$2,272 (+80.3%) |
| 2BR | $8,895 | $2,828 | +$6,067 (+214.5%) |
| 2BR | $8,185 | $2,828 | +$5,357 (+189.4%) |
| 2BR | $8,212 | $2,828 | +$5,384 (+190.4%) |
| 3BR | $10,000 | $3,300 | +$6,700 (+203.0%) |
| 3BR | $11,500 | $3,300 | +$8,200 (+248.5%) |
| 4BR | $15,873 | $4,200 | +$11,673 (+277.9%) |
| 4BR | $11,750 | $4,200 | +$7,550 (+179.8%) |
| 4BR | $16,750 | $4,200 | +$12,550 (+298.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.