Monthly Rent Report
Chelsea Rent Report — January 2024
Asking rents in ZIP 10001, New York City, from 176 listings.
Median 1BR rent in Chelsea was $5,730 in January 2024, up 14.6% (+$730) from December 2023 and up 23.1% year-over-year. The middle half of 1BR listings asked between $5,422 and $6,420. That puts Chelsea $3,380 above the New York City citywide 1BR median of $2,350. The month's figures are based on 176 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,895 | −$117 (-2.9%) | −$900 (-18.8%) | $2,925 – $4,182 | 15 |
| Studio | $3,758 | −$254 (-6.3%) | −$1,037 (-21.6%) | $3,758 – $3,758 | 1 |
| Studio | $3,994 | −$18 (-0.5%) | −$801 (-16.7%) | $3,969 – $4,019 | 2 |
| Studio | $3,343 | −$670 (-16.7%) | −$1,452 (-30.3%) | $1,778 – $4,209 | 28 |
| 1BR | $5,730 | +$730 (+14.6%) | +$1,075 (+23.1%) | $5,422 – $6,420 | 20 |
| 1BR | $5,967 | +$967 (+19.3%) | +$1,312 (+28.2%) | $5,967 – $5,967 | 1 |
| 1BR | $4,960 | −$40 (-0.8%) | +$305 (+6.6%) | $4,200 – $6,187 | 29 |
| 1BR | $5,050 | +$50 (+1.0%) | +$395 (+8.5%) | $4,820 – $5,123 | 15 |
| 2BR | $7,895 | +$2,745 (+53.3%) | +$960 (+13.8%) | $7,895 – $7,895 | 1 |
| 2BR | $8,400 | +$3,250 (+63.1%) | +$1,465 (+21.1%) | $7,257 – $12,750 | 17 |
| 2BR | $8,081 | +$2,931 (+56.9%) | +$1,146 (+16.5%) | $7,790 – $8,221 | 8 |
| 2BR | $5,795 | +$645 (+12.5%) | −$1,140 (-16.4%) | $4,474 – $7,665 | 16 |
| 3BR | $13,875 | +$875 (+6.7%) | +$6,379 (+85.1%) | $11,349 – $15,000 | 12 |
| 3BR | $15,750 | +$2,750 (+21.2%) | +$8,254 (+110.1%) | $15,750 – $15,750 | 1 |
| 3BR | $11,870 | −$1,130 (-8.7%) | +$4,374 (+58.3%) | $7,614 – $15,384 | 6 |
| 4BR | $7,200 | −$5,340 (-42.6%) | — | $7,200 – $7,200 | 2 |
| 4BR | $7,200 | −$5,340 (-42.6%) | — | $7,200 – $7,200 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — January 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,895 | $2,338 | +$1,558 (+66.6%) |
| Studio | $3,758 | $2,338 | +$1,421 (+60.8%) |
| Studio | $3,994 | $2,338 | +$1,657 (+70.9%) |
| Studio | $3,343 | $2,338 | +$1,005 (+43.0%) |
| 1BR | $5,730 | $2,350 | +$3,380 (+143.8%) |
| 1BR | $5,967 | $2,350 | +$3,617 (+153.9%) |
| 1BR | $4,960 | $2,350 | +$2,610 (+111.1%) |
| 1BR | $5,050 | $2,350 | +$2,700 (+114.9%) |
| 2BR | $7,895 | $2,885 | +$5,010 (+173.7%) |
| 2BR | $8,400 | $2,885 | +$5,515 (+191.2%) |
| 2BR | $8,081 | $2,885 | +$5,196 (+180.1%) |
| 2BR | $5,795 | $2,885 | +$2,910 (+100.9%) |
| 3BR | $13,875 | $3,443 | +$10,432 (+303.0%) |
| 3BR | $15,750 | $3,443 | +$12,307 (+357.4%) |
| 3BR | $11,870 | $3,443 | +$8,427 (+244.7%) |
| 4BR | $7,200 | $4,000 | +$3,200 (+80.0%) |
| 4BR | $7,200 | $4,000 | +$3,200 (+80.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.