Monthly Rent Report
Chelsea Rent Report — August 2023
Asking rents in ZIP 10001, New York City, from 167 listings.
Median 1BR rent in Chelsea was $4,964 in August 2023, up 0.4% (+$19) from July 2023 and down 3.7% year-over-year. The middle half of 1BR listings asked between $4,882 and $5,045. That puts Chelsea $2,614 above the New York City citywide 1BR median of $2,350. The month's figures are based on 167 listings across 21 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,172 | +$211 (+5.3%) | −$184 (-4.2%) | $4,172 – $4,227 | 9 |
| Studio | $5,024 | +$1,062 (+26.8%) | +$668 (+15.3%) | $4,942 – $5,105 | 2 |
| Studio | $4,218 | +$256 (+6.5%) | −$138 (-3.2%) | $3,929 – $4,438 | 24 |
| Studio | $4,258 | +$297 (+7.5%) | −$98 (-2.2%) | $4,159 – $5,175 | 3 |
| 1BR | $4,964 | +$19 (+0.4%) | −$191 (-3.7%) | $4,882 – $5,045 | 2 |
| 1BR | $6,062 | +$1,117 (+22.6%) | +$907 (+17.6%) | $5,890 – $6,355 | 3 |
| 1BR | $2,699 | −$2,246 (-45.4%) | −$2,456 (-47.6%) | $2,699 – $2,699 | 1 |
| 1BR | $5,443 | +$498 (+10.1%) | +$288 (+5.6%) | $5,216 – $5,706 | 27 |
| 2BR | $8,631 | −$6 (-0.1%) | +$626 (+7.8%) | $8,442 – $8,820 | 2 |
| 2BR | $4,800 | −$3,837 (-44.4%) | −$3,205 (-40.0%) | $4,800 – $4,800 | 1 |
| 2BR | $8,408 | −$229 (-2.7%) | +$403 (+5.0%) | $7,997 – $8,749 | 15 |
| 2BR | $7,821 | −$816 (-9.5%) | −$184 (-2.3%) | $7,358 – $8,181 | 19 |
| 3BR | $18,500 | +$4,430 (+31.5%) | −$500 (-2.6%) | $18,500 – $18,500 | 1 |
| 3BR | $6,125 | −$7,945 (-56.5%) | −$12,875 (-67.8%) | $4,700 – $8,436 | 30 |
| 3BR | $7,750 | −$6,320 (-44.9%) | −$11,250 (-59.2%) | $5,413 – $10,000 | 4 |
| 4BR | $11,750 | $0 (0.0%) | +$3,000 (+34.3%) | $8,950 – $16,200 | 12 |
| 4BR | $16,200 | +$4,450 (+37.9%) | +$7,450 (+85.1%) | $11,246 – $16,200 | 6 |
| 4BR | $14,636 | +$2,886 (+24.6%) | +$5,886 (+67.3%) | $14,636 – $14,636 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — August 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,172 | $2,490 | +$1,682 (+67.6%) |
| Studio | $5,024 | $2,490 | +$2,534 (+101.7%) |
| Studio | $4,218 | $2,490 | +$1,728 (+69.4%) |
| Studio | $4,258 | $2,490 | +$1,768 (+71.0%) |
| 1BR | $4,964 | $2,350 | +$2,614 (+111.2%) |
| 1BR | $6,062 | $2,350 | +$3,712 (+158.0%) |
| 1BR | $2,699 | $2,350 | +$349 (+14.9%) |
| 1BR | $5,443 | $2,350 | +$3,093 (+131.6%) |
| 2BR | $8,631 | $2,859 | +$5,772 (+201.9%) |
| 2BR | $4,800 | $2,859 | +$1,941 (+67.9%) |
| 2BR | $8,408 | $2,859 | +$5,549 (+194.1%) |
| 2BR | $7,821 | $2,859 | +$4,962 (+173.6%) |
| 3BR | $18,500 | $3,413 | +$15,088 (+442.1%) |
| 3BR | $6,125 | $3,413 | +$2,713 (+79.5%) |
| 3BR | $7,750 | $3,413 | +$4,338 (+127.1%) |
| 4BR | $11,750 | $4,200 | +$7,550 (+179.8%) |
| 4BR | $16,200 | $4,200 | +$12,000 (+285.7%) |
| 4BR | $14,636 | $4,200 | +$10,436 (+248.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.