Monthly Rent Report
Chelsea Rent Report — July 2024
Asking rents in ZIP 10001, New York City, from 620 listings.
Median 1BR rent in Chelsea was $5,578 in July 2024, down 7.0% (−$417) from June 2024 and down 2.7% year-over-year. The middle half of 1BR listings asked between $5,005 and $5,960. That puts Chelsea $3,078 above the New York City citywide 1BR median of $2,500. The month's figures are based on 620 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,505 | +$164 (+3.8%) | +$175 (+4.0%) | $4,250 – $4,850 | 29 |
| Studio | $4,693 | +$352 (+8.1%) | +$363 (+8.4%) | $4,693 – $4,693 | 1 |
| Studio | $4,365 | +$24 (+0.6%) | +$35 (+0.8%) | $4,189 – $4,684 | 159 |
| 1BR | $5,578 | −$417 (-7.0%) | −$155 (-2.7%) | $5,005 – $5,960 | 220 |
| 1BR | $5,495 | −$500 (-8.3%) | −$238 (-4.2%) | $5,245 – $5,745 | 2 |
| 1BR | $5,603 | −$392 (-6.5%) | −$130 (-2.3%) | $5,196 – $5,984 | 66 |
| 2BR | $6,873 | −$1,482 (-17.7%) | −$1,625 (-19.1%) | $5,448 – $8,170 | 20 |
| 2BR | $8,008 | −$347 (-4.2%) | −$489 (-5.8%) | $7,978 – $8,129 | 5 |
| 2BR | $8,355 | $0 (0.0%) | −$142 (-1.7%) | $7,760 – $8,465 | 93 |
| 3BR | $13,185 | +$2,385 (+22.1%) | −$885 (-6.3%) | $8,400 – $15,483 | 7 |
| 3BR | $8,425 | −$2,375 (-22.0%) | −$5,645 (-40.1%) | $7,050 – $10,471 | 10 |
| 3BR | $6,500 | −$4,300 (-39.8%) | −$7,570 (-53.8%) | $6,500 – $6,500 | 1 |
| 4BR | $8,495 | −$2,500 (-22.7%) | −$505 (-5.6%) | $8,495 – $10,995 | 5 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — July 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,505 | $2,800 | +$1,705 (+60.9%) |
| Studio | $4,693 | $2,800 | +$1,893 (+67.6%) |
| Studio | $4,365 | $2,800 | +$1,565 (+55.9%) |
| 1BR | $5,578 | $2,500 | +$3,078 (+123.1%) |
| 1BR | $5,495 | $2,500 | +$2,995 (+119.8%) |
| 1BR | $5,603 | $2,500 | +$3,103 (+124.1%) |
| 2BR | $6,873 | $3,000 | +$3,873 (+129.1%) |
| 2BR | $8,008 | $3,000 | +$5,008 (+166.9%) |
| 2BR | $8,355 | $3,000 | +$5,355 (+178.5%) |
| 3BR | $13,185 | $3,606 | +$9,579 (+265.6%) |
| 3BR | $8,425 | $3,606 | +$4,819 (+133.6%) |
| 3BR | $6,500 | $3,606 | +$2,894 (+80.3%) |
| 4BR | $8,495 | $4,500 | +$3,995 (+88.8%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.