Monthly Rent Report
Chelsea Rent Report — October 2023
Asking rents in ZIP 10001, New York City, from 202 listings.
Median 1BR rent in Chelsea was $3,000 in October 2023, down 48.4% (−$2,812) from September 2023 and down 39.5% year-over-year. The middle half of 1BR listings asked between $3,000 and $3,000. That puts Chelsea $550 above the New York City citywide 1BR median of $2,450. The month's figures are based on 202 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,737 | −$1,181 (-24.0%) | −$408 (-9.9%) | $3,299 – $4,145 | 18 |
| Studio | $4,573 | −$345 (-7.0%) | +$428 (+10.3%) | $4,010 – $5,800 | 34 |
| Studio | $4,015 | −$903 (-18.4%) | −$130 (-3.1%) | $4,015 – $4,015 | 1 |
| 1BR | $3,000 | −$2,812 (-48.4%) | −$1,957 (-39.5%) | $3,000 – $3,000 | 1 |
| 1BR | $5,098 | −$714 (-12.3%) | +$141 (+2.8%) | $4,523 – $5,959 | 34 |
| 1BR | $4,315 | −$1,497 (-25.8%) | −$642 (-13.0%) | $4,315 – $4,315 | 1 |
| 2BR | $7,895 | −$300 (-3.7%) | −$3,105 (-28.2%) | $7,250 – $8,730 | 21 |
| 2BR | $8,038 | −$157 (-1.9%) | −$2,962 (-26.9%) | $7,998 – $8,079 | 2 |
| 2BR | $6,500 | −$1,695 (-20.7%) | −$4,500 (-40.9%) | $6,500 – $6,500 | 4 |
| 3BR | $9,150 | −$1,750 (-16.1%) | $0 (0.0%) | $7,200 – $11,488 | 4 |
| 3BR | $5,500 | −$5,400 (-49.5%) | −$3,650 (-39.9%) | $5,350 – $19,000 | 7 |
| 3BR | $9,998 | −$902 (-8.3%) | +$848 (+9.3%) | $6,750 – $17,355 | 52 |
| 4BR | $14,636 | +$7,136 (+95.1%) | −$4,359 (-22.9%) | $7,500 – $16,200 | 17 |
| 4BR | $7,750 | +$250 (+3.3%) | −$11,245 (-59.2%) | $7,625 – $7,874 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — October 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,737 | $2,411 | +$1,326 (+55.0%) |
| Studio | $4,573 | $2,411 | +$2,162 (+89.7%) |
| Studio | $4,015 | $2,411 | +$1,605 (+66.6%) |
| 1BR | $3,000 | $2,450 | +$550 (+22.4%) |
| 1BR | $5,098 | $2,450 | +$2,648 (+108.1%) |
| 1BR | $4,315 | $2,450 | +$1,865 (+76.1%) |
| 2BR | $7,895 | $2,900 | +$4,995 (+172.2%) |
| 2BR | $8,038 | $2,900 | +$5,138 (+177.2%) |
| 2BR | $6,500 | $2,900 | +$3,600 (+124.1%) |
| 3BR | $9,150 | $3,349 | +$5,801 (+173.2%) |
| 3BR | $5,500 | $3,349 | +$2,151 (+64.2%) |
| 3BR | $9,998 | $3,349 | +$6,649 (+198.5%) |
| 4BR | $14,636 | $4,200 | +$10,436 (+248.5%) |
| 4BR | $7,750 | $4,200 | +$3,550 (+84.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.