Monthly Rent Report
Chelsea Rent Report — February 2024
Asking rents in ZIP 10001, New York City, from 689 listings.
Median 1BR rent in Chelsea was $4,973 in February 2024, up 0.3% (+$13) from January 2024 and down 7.1% year-over-year. The middle half of 1BR listings asked between $4,961 and $4,984. That puts Chelsea $2,523 above the New York City citywide 1BR median of $2,450. The month's figures are based on 689 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,450 | +$1,108 (+33.1%) | +$376 (+9.2%) | $3,991 – $4,460 | 5 |
| Studio | $4,228 | +$885 (+26.5%) | +$154 (+3.8%) | $3,923 – $4,505 | 92 |
| Studio | $4,082 | +$740 (+22.1%) | +$8 (+0.2%) | $4,082 – $4,082 | 1 |
| Studio | $4,048 | +$705 (+21.1%) | −$26 (-0.7%) | $3,359 – $4,330 | 102 |
| 1BR | $4,973 | +$13 (+0.3%) | −$377 (-7.1%) | $4,961 – $4,984 | 2 |
| 1BR | $4,663 | −$297 (-6.0%) | −$687 (-12.9%) | $3,300 – $4,940 | 124 |
| 1BR | $5,640 | +$680 (+13.7%) | +$290 (+5.4%) | $5,170 – $6,189 | 159 |
| 1BR | $5,596 | +$636 (+12.8%) | +$246 (+4.6%) | $5,384 – $5,730 | 6 |
| 2BR | $7,172 | +$1,377 (+23.8%) | −$577 (-7.4%) | $7,154 – $7,307 | 3 |
| 2BR | $8,819 | +$3,024 (+52.2%) | +$1,070 (+13.8%) | $8,590 – $9,047 | 2 |
| 2BR | $7,995 | +$2,200 (+38.0%) | +$246 (+3.2%) | $6,973 – $8,790 | 95 |
| 2BR | $6,938 | +$1,143 (+19.7%) | −$811 (-10.5%) | $5,495 – $7,954 | 62 |
| 3BR | $12,000 | −$3,750 (-23.8%) | −$4,513 (-27.3%) | $12,000 – $12,000 | 1 |
| 3BR | $13,643 | −$2,107 (-13.4%) | −$2,870 (-17.4%) | $9,749 – $17,000 | 22 |
| 3BR | $8,999 | −$6,751 (-42.9%) | −$7,514 (-45.5%) | $8,999 – $8,999 | 1 |
| 4BR | $7,500 | +$300 (+4.2%) | −$1,249 (-14.3%) | $7,350 – $7,500 | 3 |
| 4BR | $7,500 | +$300 (+4.2%) | −$1,249 (-14.3%) | $7,350 – $9,000 | 3 |
| 4BR | $7,500 | +$300 (+4.2%) | −$1,249 (-14.3%) | $7,275 – $7,500 | 6 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — February 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,450 | $2,359 | +$2,091 (+88.7%) |
| Studio | $4,228 | $2,359 | +$1,869 (+79.2%) |
| Studio | $4,082 | $2,359 | +$1,723 (+73.1%) |
| Studio | $4,048 | $2,359 | +$1,689 (+71.6%) |
| 1BR | $4,973 | $2,450 | +$2,523 (+103.0%) |
| 1BR | $4,663 | $2,450 | +$2,213 (+90.3%) |
| 1BR | $5,640 | $2,450 | +$3,190 (+130.2%) |
| 1BR | $5,596 | $2,450 | +$3,146 (+128.4%) |
| 2BR | $7,172 | $2,979 | +$4,193 (+140.8%) |
| 2BR | $8,819 | $2,979 | +$5,840 (+196.0%) |
| 2BR | $7,995 | $2,979 | +$5,016 (+168.4%) |
| 2BR | $6,938 | $2,979 | +$3,959 (+132.9%) |
| 3BR | $12,000 | $3,500 | +$8,500 (+242.9%) |
| 3BR | $13,643 | $3,500 | +$10,143 (+289.8%) |
| 3BR | $8,999 | $3,500 | +$5,499 (+157.1%) |
| 4BR | $7,500 | $4,148 | +$3,353 (+80.8%) |
| 4BR | $7,500 | $4,148 | +$3,353 (+80.8%) |
| 4BR | $7,500 | $4,148 | +$3,353 (+80.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.