Monthly Rent Report
Chelsea Rent Report — July 2023
Asking rents in ZIP 10001, New York City, from 179 listings.
Median 1BR rent in Chelsea was $6,595 in July 2023, up 18.1% (+$1,011) from June 2023. The middle half of 1BR listings asked between $6,189 and $6,795. That puts Chelsea $4,145 above the New York City citywide 1BR median of $2,450. The month's figures are based on 179 listings across 20 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,241 | +$1,038 (+24.7%) | — | $5,221 – $5,262 | 2 |
| Studio | $3,962 | −$241 (-5.7%) | — | $3,960 – $3,963 | 2 |
| Studio | $4,208 | +$5 (+0.1%) | — | $4,141 – $4,490 | 14 |
| Studio | $4,330 | +$127 (+3.0%) | — | $3,695 – $4,995 | 25 |
| 1BR | $6,595 | +$1,011 (+18.1%) | — | $6,189 – $6,795 | 3 |
| 1BR | $5,450 | −$134 (-2.4%) | — | $4,750 – $6,295 | 45 |
| 1BR | $4,945 | −$639 (-11.4%) | — | $4,855 – $5,613 | 15 |
| 1BR | $5,733 | +$149 (+2.7%) | — | $5,496 – $5,873 | 11 |
| 2BR | $8,638 | +$426 (+5.2%) | — | $8,454 – $8,821 | 2 |
| 2BR | $8,125 | −$87 (-1.1%) | — | $7,703 – $8,943 | 8 |
| 2BR | $8,795 | +$583 (+7.1%) | — | $8,298 – $9,848 | 23 |
| 2BR | $8,498 | +$286 (+3.5%) | — | $8,152 – $8,646 | 6 |
| 3BR | $5,750 | −$5,750 (-50.0%) | — | $5,750 – $5,750 | 1 |
| 3BR | $6,948 | −$4,552 (-39.6%) | — | $6,900 – $8,990 | 4 |
| 3BR | $14,070 | +$2,570 (+22.3%) | — | $14,070 – $14,070 | 1 |
| 4BR | $9,995 | −$6,755 (-40.3%) | — | $8,395 – $11,750 | 9 |
| 4BR | $11,750 | −$5,000 (-29.9%) | — | $10,073 – $14,250 | 3 |
| 4BR | $9,000 | −$7,750 (-46.3%) | — | $9,000 – $9,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — July 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,241 | $2,498 | +$2,744 (+109.8%) |
| Studio | $3,962 | $2,498 | +$1,464 (+58.6%) |
| Studio | $4,208 | $2,498 | +$1,710 (+68.5%) |
| Studio | $4,330 | $2,498 | +$1,833 (+73.4%) |
| 1BR | $6,595 | $2,450 | +$4,145 (+169.2%) |
| 1BR | $5,450 | $2,450 | +$3,000 (+122.4%) |
| 1BR | $4,945 | $2,450 | +$2,495 (+101.8%) |
| 1BR | $5,733 | $2,450 | +$3,283 (+134.0%) |
| 2BR | $8,638 | $2,800 | +$5,838 (+208.5%) |
| 2BR | $8,125 | $2,800 | +$5,325 (+190.2%) |
| 2BR | $8,795 | $2,800 | +$5,995 (+214.1%) |
| 2BR | $8,498 | $2,800 | +$5,698 (+203.5%) |
| 3BR | $5,750 | $3,400 | +$2,350 (+69.1%) |
| 3BR | $6,948 | $3,400 | +$3,548 (+104.4%) |
| 3BR | $14,070 | $3,400 | +$10,670 (+313.9%) |
| 4BR | $9,995 | $4,200 | +$5,795 (+138.0%) |
| 4BR | $11,750 | $4,200 | +$7,550 (+179.8%) |
| 4BR | $9,000 | $4,200 | +$4,800 (+114.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.