Monthly Rent Report
Chelsea Rent Report — June 2024
Asking rents in ZIP 10001, New York City, from 1,095 listings.
Median 1BR rent in Chelsea was $5,774 in June 2024, up 0.7% (+$39) from May 2024 and up 3.4% year-over-year. The middle half of 1BR listings asked between $5,342 and $6,283. That puts Chelsea $3,324 above the New York City citywide 1BR median of $2,450. The month's figures are based on 1,095 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,423 | −$72 (-1.6%) | +$220 (+5.2%) | $4,000 – $4,755 | 142 |
| Studio | $4,341 | −$154 (-3.4%) | +$138 (+3.3%) | $4,341 – $4,341 | 1 |
| Studio | $4,341 | −$154 (-3.4%) | +$138 (+3.3%) | $4,165 – $4,675 | 317 |
| 1BR | $5,774 | +$39 (+0.7%) | +$190 (+3.4%) | $5,342 – $6,283 | 215 |
| 1BR | $2,495 | −$3,240 (-56.5%) | −$3,089 (-55.3%) | $2,495 – $2,495 | 1 |
| 1BR | $5,995 | +$260 (+4.5%) | +$411 (+7.4%) | $5,995 – $5,995 | 1 |
| 2BR | $8,355 | +$365 (+4.6%) | +$143 (+1.7%) | $7,709 – $8,480 | 214 |
| 2BR | $8,364 | +$374 (+4.7%) | +$152 (+1.8%) | $8,324 – $8,403 | 2 |
| 2BR | $8,522 | +$532 (+6.7%) | +$310 (+3.8%) | $7,342 – $10,625 | 100 |
| 3BR | $10,800 | +$300 (+2.9%) | −$700 (-6.1%) | $7,971 – $15,000 | 40 |
| 3BR | $13,093 | +$2,593 (+24.7%) | +$1,593 (+13.8%) | $8,225 – $15,000 | 28 |
| 3BR | $8,148 | −$2,352 (-22.4%) | −$3,352 (-29.2%) | $6,836 – $13,453 | 16 |
| 4BR | $10,995 | +$2,500 (+29.4%) | −$5,755 (-34.4%) | $9,248 – $16,200 | 7 |
| 4BR | $8,995 | +$500 (+5.9%) | −$7,755 (-46.3%) | $7,495 – $9,995 | 3 |
| 4BR | $15,900 | +$7,405 (+87.2%) | −$850 (-5.1%) | $9,500 – $16,500 | 5 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — June 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,423 | $2,440 | +$1,983 (+81.3%) |
| Studio | $4,341 | $2,440 | +$1,901 (+77.9%) |
| Studio | $4,341 | $2,440 | +$1,901 (+77.9%) |
| 1BR | $5,774 | $2,450 | +$3,324 (+135.7%) |
| 1BR | $2,495 | $2,450 | +$45 (+1.8%) |
| 1BR | $5,995 | $2,450 | +$3,545 (+144.7%) |
| 2BR | $8,355 | $2,900 | +$5,455 (+188.1%) |
| 2BR | $8,364 | $2,900 | +$5,464 (+188.4%) |
| 2BR | $8,522 | $2,900 | +$5,622 (+193.9%) |
| 3BR | $10,800 | $3,600 | +$7,200 (+200.0%) |
| 3BR | $13,093 | $3,600 | +$9,493 (+263.7%) |
| 3BR | $8,148 | $3,600 | +$4,548 (+126.3%) |
| 4BR | $10,995 | $4,256 | +$6,739 (+158.3%) |
| 4BR | $8,995 | $4,256 | +$4,739 (+111.3%) |
| 4BR | $15,900 | $4,256 | +$11,644 (+273.6%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in June 2024.