Monthly Rent Report
Chelsea Rent Report — November 2023
Asking rents in ZIP 10001, New York City, from 483 listings.
Median 1BR rent in Chelsea was $4,662 in November 2023, up 8.0% (+$347) from October 2023 and down 4.9% year-over-year. The middle half of 1BR listings asked between $4,459 and $4,730. That puts Chelsea $2,262 above the New York City citywide 1BR median of $2,400. The month's figures are based on 483 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,053 | +$38 (+0.9%) | −$112 (-2.7%) | $3,969 – $4,326 | 6 |
| Studio | $4,200 | +$185 (+4.6%) | +$35 (+0.8%) | $4,200 – $4,200 | 1 |
| Studio | $4,097 | +$82 (+2.0%) | −$68 (-1.6%) | $3,374 – $4,396 | 3 |
| Studio | $4,032 | +$17 (+0.4%) | −$133 (-3.2%) | $3,510 – $4,515 | 77 |
| 1BR | $4,662 | +$347 (+8.0%) | −$241 (-4.9%) | $4,459 – $4,730 | 4 |
| 1BR | $5,154 | +$839 (+19.4%) | +$251 (+5.1%) | $4,529 – $6,050 | 172 |
| 1BR | $5,468 | +$1,153 (+26.7%) | +$565 (+11.5%) | $5,368 – $5,613 | 45 |
| 1BR | $5,475 | +$1,160 (+26.9%) | +$572 (+11.7%) | $5,413 – $5,538 | 2 |
| 2BR | $8,066 | +$171 (+2.2%) | +$926 (+13.0%) | $7,951 – $8,180 | 2 |
| 2BR | $7,895 | $0 (0.0%) | +$755 (+10.6%) | $6,800 – $9,495 | 100 |
| 2BR | $7,804 | −$91 (-1.2%) | +$664 (+9.3%) | $7,636 – $8,466 | 12 |
| 2BR | $10,375 | +$2,480 (+31.4%) | +$3,235 (+45.3%) | $4,213 – $16,500 | 4 |
| 3BR | $6,595 | −$2,555 (-27.9%) | −$6,030 (-47.8%) | $6,295 – $6,895 | 2 |
| 3BR | $14,048 | +$4,898 (+53.5%) | +$1,423 (+11.3%) | $6,895 – $18,250 | 24 |
| 3BR | $10,500 | +$1,350 (+14.8%) | −$2,125 (-16.8%) | $4,200 – $11,000 | 13 |
| 4BR | $7,500 | −$7,136 (-48.8%) | −$500 (-6.3%) | $7,500 – $11,025 | 8 |
| 4BR | $8,400 | −$6,236 (-42.6%) | +$400 (+5.0%) | $7,500 – $14,475 | 6 |
| 4BR | $7,248 | −$7,388 (-50.5%) | −$752 (-9.4%) | $7,121 – $7,374 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — November 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,053 | $2,395 | +$1,658 (+69.2%) |
| Studio | $4,200 | $2,395 | +$1,805 (+75.4%) |
| Studio | $4,097 | $2,395 | +$1,702 (+71.1%) |
| Studio | $4,032 | $2,395 | +$1,637 (+68.4%) |
| 1BR | $4,662 | $2,400 | +$2,262 (+94.2%) |
| 1BR | $5,154 | $2,400 | +$2,754 (+114.7%) |
| 1BR | $5,468 | $2,400 | +$3,068 (+127.8%) |
| 1BR | $5,475 | $2,400 | +$3,075 (+128.1%) |
| 2BR | $8,066 | $2,798 | +$5,268 (+188.3%) |
| 2BR | $7,895 | $2,798 | +$5,098 (+182.2%) |
| 2BR | $7,804 | $2,798 | +$5,006 (+178.9%) |
| 2BR | $10,375 | $2,798 | +$7,578 (+270.9%) |
| 3BR | $6,595 | $3,300 | +$3,295 (+99.8%) |
| 3BR | $14,048 | $3,300 | +$10,748 (+325.7%) |
| 3BR | $10,500 | $3,300 | +$7,200 (+218.2%) |
| 4BR | $7,500 | $4,199 | +$3,301 (+78.6%) |
| 4BR | $8,400 | $4,199 | +$4,201 (+100.1%) |
| 4BR | $7,248 | $4,199 | +$3,049 (+72.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2023.