Monthly Rent Report
Chelsea Rent Report — April 2024
Asking rents in ZIP 10001, New York City, from 708 listings.
Median 1BR rent in Chelsea was $5,172 in April 2024, down 1.5% (−$79) from March 2024 and down 6.4% year-over-year. The middle half of 1BR listings asked between $4,610 and $5,778. That puts Chelsea $2,672 above the New York City citywide 1BR median of $2,500. The month's figures are based on 708 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,028 | −$67 (-1.6%) | −$37 (-0.9%) | $2,588 – $4,354 | 124 |
| Studio | $4,248 | +$153 (+3.7%) | +$183 (+4.5%) | $3,731 – $4,596 | 94 |
| Studio | $3,785 | −$310 (-7.6%) | −$280 (-6.9%) | $3,785 – $3,785 | 1 |
| 1BR | $5,172 | −$79 (-1.5%) | −$356 (-6.4%) | $4,610 – $5,778 | 141 |
| 1BR | $5,500 | +$249 (+4.7%) | −$28 (-0.5%) | $5,200 – $6,250 | 137 |
| 1BR | $5,565 | +$314 (+6.0%) | +$37 (+0.7%) | $5,328 – $5,707 | 13 |
| 2BR | $8,250 | +$366 (+4.6%) | +$588 (+7.7%) | $6,748 – $8,855 | 63 |
| 2BR | $8,250 | +$366 (+4.6%) | +$588 (+7.7%) | $7,290 – $8,403 | 79 |
| 2BR | $8,114 | +$230 (+2.9%) | +$452 (+5.9%) | $7,715 – $8,434 | 6 |
| 3BR | $14,000 | −$4,000 (-22.2%) | −$3,500 (-20.0%) | $10,625 – $17,875 | 18 |
| 3BR | $9,692 | −$8,308 (-46.2%) | −$7,808 (-44.6%) | $9,692 – $9,692 | 1 |
| 3BR | $11,000 | −$7,000 (-38.9%) | −$6,500 (-37.1%) | $10,246 – $14,000 | 10 |
| 4BR | $16,500 | +$9,300 (+129.2%) | +$7,125 (+76.0%) | $14,049 – $16,500 | 8 |
| 4BR | $7,748 | +$548 (+7.6%) | −$1,627 (-17.4%) | $5,688 – $14,499 | 6 |
| 4BR | $11,750 | +$4,550 (+63.2%) | +$2,375 (+25.3%) | $6,563 – $16,500 | 4 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — April 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,028 | $2,491 | +$1,537 (+61.7%) |
| Studio | $4,248 | $2,491 | +$1,757 (+70.5%) |
| Studio | $3,785 | $2,491 | +$1,294 (+52.0%) |
| 1BR | $5,172 | $2,500 | +$2,672 (+106.9%) |
| 1BR | $5,500 | $2,500 | +$3,000 (+120.0%) |
| 1BR | $5,565 | $2,500 | +$3,065 (+122.6%) |
| 2BR | $8,250 | $2,995 | +$5,255 (+175.5%) |
| 2BR | $8,250 | $2,995 | +$5,255 (+175.5%) |
| 2BR | $8,114 | $2,995 | +$5,119 (+170.9%) |
| 3BR | $14,000 | $3,500 | +$10,500 (+300.0%) |
| 3BR | $9,692 | $3,500 | +$6,192 (+176.9%) |
| 3BR | $11,000 | $3,500 | +$7,500 (+214.3%) |
| 4BR | $16,500 | $4,270 | +$12,230 (+286.4%) |
| 4BR | $7,748 | $4,270 | +$3,478 (+81.4%) |
| 4BR | $11,750 | $4,270 | +$7,480 (+175.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.