Monthly Rent Report
Chelsea Rent Report — March 2024
Asking rents in ZIP 10001, New York City, from 602 listings.
Median 1BR rent in Chelsea was $5,673 in March 2024, up 0.6% (+$33) from February 2024 and up 7.5% year-over-year. The middle half of 1BR listings asked between $5,250 and $6,191. That puts Chelsea $3,174 above the New York City citywide 1BR median of $2,499. The month's figures are based on 602 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,105 | −$345 (-7.8%) | +$189 (+4.8%) | $371 – $4,303 | 146 |
| Studio | $4,282 | −$168 (-3.8%) | +$366 (+9.3%) | $3,850 – $4,495 | 49 |
| Studio | $4,095 | −$355 (-8.0%) | +$179 (+4.6%) | $4,095 – $4,095 | 1 |
| 1BR | $5,673 | +$33 (+0.6%) | +$398 (+7.5%) | $5,250 – $6,191 | 70 |
| 1BR | $4,970 | −$670 (-11.9%) | −$305 (-5.8%) | $3,863 – $5,432 | 184 |
| 1BR | $5,251 | −$389 (-6.9%) | −$24 (-0.5%) | $5,251 – $5,251 | 1 |
| 2BR | $8,060 | −$758 (-8.6%) | +$146 (+1.8%) | $7,223 – $8,200 | 75 |
| 2BR | $6,995 | −$1,823 (-20.7%) | −$919 (-11.6%) | $6,995 – $6,995 | 1 |
| 2BR | $7,884 | −$934 (-10.6%) | −$30 (-0.4%) | $7,371 – $8,618 | 48 |
| 3BR | $9,692 | −$2,308 (-19.2%) | −$2,303 (-19.2%) | $9,692 – $9,692 | 1 |
| 3BR | $18,000 | +$6,000 (+50.0%) | +$6,005 (+50.1%) | $13,000 – $18,500 | 7 |
| 3BR | $13,750 | +$1,750 (+14.6%) | +$1,755 (+14.6%) | $9,899 – $17,195 | 6 |
| 4BR | $7,200 | −$300 (-4.0%) | −$1,299 (-15.3%) | $7,000 – $16,500 | 5 |
| 4BR | $7,200 | −$300 (-4.0%) | −$1,299 (-15.3%) | $7,200 – $7,200 | 1 |
| 4BR | $7,000 | −$500 (-6.7%) | −$1,499 (-17.6%) | $7,000 – $7,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — March 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,105 | $2,450 | +$1,655 (+67.6%) |
| Studio | $4,282 | $2,450 | +$1,832 (+74.8%) |
| Studio | $4,095 | $2,450 | +$1,645 (+67.1%) |
| 1BR | $5,673 | $2,499 | +$3,174 (+127.0%) |
| 1BR | $4,970 | $2,499 | +$2,471 (+98.9%) |
| 1BR | $5,251 | $2,499 | +$2,752 (+110.1%) |
| 2BR | $8,060 | $2,995 | +$5,066 (+169.2%) |
| 2BR | $6,995 | $2,995 | +$4,001 (+133.6%) |
| 2BR | $7,884 | $2,995 | +$4,890 (+163.3%) |
| 3BR | $9,692 | $3,500 | +$6,192 (+176.9%) |
| 3BR | $18,000 | $3,500 | +$14,500 (+414.3%) |
| 3BR | $13,750 | $3,500 | +$10,250 (+292.9%) |
| 4BR | $7,200 | $4,250 | +$2,951 (+69.4%) |
| 4BR | $7,200 | $4,250 | +$2,951 (+69.4%) |
| 4BR | $7,000 | $4,250 | +$2,751 (+64.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.