Monthly Rent Report
Chelsea Rent Report — September 2023
Asking rents in ZIP 10001, New York City, from 72 listings.
Median 1BR rent in Chelsea was $5,812 in September 2023, up 17.1% (+$849) from August 2023 and up 24.1% year-over-year. The middle half of 1BR listings asked between $5,517 and $5,937. That puts Chelsea $3,312 above the New York City citywide 1BR median of $2,500. The month's figures are based on 72 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,795 | −$228 (-4.5%) | +$417 (+9.5%) | $4,258 – $4,895 | 5 |
| Studio | $4,918 | −$105 (-2.1%) | +$540 (+12.3%) | $4,257 – $4,957 | 3 |
| Studio | $4,095 | −$929 (-18.5%) | −$283 (-6.5%) | $4,056 – $4,133 | 2 |
| 1BR | $5,812 | +$849 (+17.1%) | +$1,130 (+24.1%) | $5,517 – $5,937 | 8 |
| 1BR | $5,831 | +$867 (+17.5%) | +$1,148 (+24.5%) | $5,345 – $6,395 | 16 |
| 1BR | $4,486 | −$478 (-9.6%) | −$197 (-4.2%) | $4,403 – $4,568 | 2 |
| 1BR | $3,750 | −$1,213 (-24.4%) | −$932 (-19.9%) | $3,750 – $3,750 | 6 |
| 2BR | $7,272 | −$1,359 (-15.7%) | −$8,718 (-54.5%) | $7,272 – $7,272 | 1 |
| 2BR | $6,999 | −$1,632 (-18.9%) | −$8,991 (-56.2%) | $6,999 – $6,999 | 1 |
| 2BR | $8,195 | −$436 (-5.1%) | −$7,795 (-48.7%) | $6,415 – $8,480 | 7 |
| 2BR | $8,316 | −$315 (-3.6%) | −$7,674 (-48.0%) | $7,999 – $8,534 | 3 |
| 3BR | $10,900 | +$3,150 (+40.6%) | −$95 (-0.9%) | $9,787 – $11,000 | 11 |
| 3BR | $15,475 | +$7,725 (+99.7%) | +$4,480 (+40.7%) | $15,238 – $15,713 | 2 |
| 4BR | $7,500 | −$7,136 (-48.8%) | $0 (0.0%) | $6,800 – $8,149 | 5 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — September 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,795 | $2,400 | +$2,395 (+99.8%) |
| Studio | $4,918 | $2,400 | +$2,518 (+104.9%) |
| Studio | $4,095 | $2,400 | +$1,695 (+70.6%) |
| 1BR | $5,812 | $2,500 | +$3,312 (+132.5%) |
| 1BR | $5,831 | $2,500 | +$3,331 (+133.2%) |
| 1BR | $4,486 | $2,500 | +$1,986 (+79.4%) |
| 1BR | $3,750 | $2,500 | +$1,250 (+50.0%) |
| 2BR | $7,272 | $3,000 | +$4,272 (+142.4%) |
| 2BR | $6,999 | $3,000 | +$3,999 (+133.3%) |
| 2BR | $8,195 | $3,000 | +$5,195 (+173.2%) |
| 2BR | $8,316 | $3,000 | +$5,316 (+177.2%) |
| 3BR | $10,900 | $3,500 | +$7,400 (+211.4%) |
| 3BR | $15,475 | $3,500 | +$11,975 (+342.1%) |
| 4BR | $7,500 | $4,325 | +$3,175 (+73.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.