Monthly Rent Report
Chelsea Rent Report — December 2023
Asking rents in ZIP 10001, New York City, from 497 listings.
Median 1BR rent in Chelsea was $5,000 in December 2023, down 8.6% (−$468) from November 2023 and up 2.9% year-over-year. The middle half of 1BR listings asked between $5,000 and $5,050. That puts Chelsea $2,600 above the New York City citywide 1BR median of $2,400. The month's figures are based on 497 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,185 | +$132 (+3.3%) | +$82 (+2.0%) | $3,595 – $4,532 | 84 |
| Studio | $4,013 | −$40 (-1.0%) | −$90 (-2.2%) | $4,011 – $4,014 | 2 |
| Studio | $4,445 | +$392 (+9.7%) | +$342 (+8.3%) | $4,370 – $4,520 | 2 |
| Studio | $4,195 | +$142 (+3.5%) | +$92 (+2.2%) | $3,598 – $4,195 | 3 |
| 1BR | $5,000 | −$468 (-8.6%) | +$143 (+2.9%) | $5,000 – $5,050 | 4 |
| 1BR | $5,250 | −$218 (-4.0%) | +$393 (+8.1%) | $5,004 – $5,389 | 22 |
| 1BR | $4,447 | −$1,021 (-18.7%) | −$410 (-8.4%) | $4,173 – $4,721 | 2 |
| 1BR | $5,077 | −$391 (-7.2%) | +$220 (+4.5%) | $4,698 – $5,824 | 201 |
| 2BR | $8,083 | −$2,292 (-22.1%) | +$526 (+7.0%) | $7,745 – $8,416 | 7 |
| 2BR | $7,846 | −$2,529 (-24.4%) | +$289 (+3.8%) | $7,846 – $7,846 | 1 |
| 2BR | $5,150 | −$5,225 (-50.4%) | −$2,407 (-31.9%) | $5,150 – $5,150 | 6 |
| 2BR | $7,425 | −$2,950 (-28.4%) | −$132 (-1.7%) | $5,998 – $8,668 | 119 |
| 3BR | $15,145 | +$8,550 (+129.6%) | −$362 (-2.3%) | $15,145 – $15,145 | 1 |
| 3BR | $3,825 | −$2,770 (-42.0%) | −$11,682 (-75.3%) | $3,488 – $4,163 | 2 |
| 3BR | $13,000 | +$6,405 (+97.1%) | −$2,507 (-16.2%) | $7,228 – $15,120 | 35 |
| 4BR | $12,540 | +$5,293 (+73.0%) | +$5,290 (+73.0%) | $8,880 – $16,200 | 4 |
| 4BR | $12,540 | +$5,293 (+73.0%) | +$5,290 (+73.0%) | $10,710 – $14,370 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — December 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,185 | $2,362 | +$1,823 (+77.2%) |
| Studio | $4,013 | $2,362 | +$1,651 (+69.9%) |
| Studio | $4,445 | $2,362 | +$2,083 (+88.2%) |
| Studio | $4,195 | $2,362 | +$1,833 (+77.6%) |
| 1BR | $5,000 | $2,400 | +$2,600 (+108.3%) |
| 1BR | $5,250 | $2,400 | +$2,850 (+118.7%) |
| 1BR | $4,447 | $2,400 | +$2,047 (+85.3%) |
| 1BR | $5,077 | $2,400 | +$2,677 (+111.5%) |
| 2BR | $8,083 | $2,900 | +$5,183 (+178.7%) |
| 2BR | $7,846 | $2,900 | +$4,946 (+170.6%) |
| 2BR | $5,150 | $2,900 | +$2,250 (+77.6%) |
| 2BR | $7,425 | $2,900 | +$4,525 (+156.0%) |
| 3BR | $15,145 | $3,500 | +$11,645 (+332.7%) |
| 3BR | $3,825 | $3,500 | +$325 (+9.3%) |
| 3BR | $13,000 | $3,500 | +$9,500 (+271.4%) |
| 4BR | $12,540 | $4,070 | +$8,470 (+208.1%) |
| 4BR | $12,540 | $4,070 | +$8,470 (+208.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.