Monthly Rent Report
Chelsea Rent Report — August 2024
Asking rents in ZIP 10001, New York City, from 16 listings.
Median 1BR rent in Chelsea was $5,713 in August 2024, up 2.0% (+$111) from July 2024 and up 5.0% year-over-year. The middle half of 1BR listings asked between $5,558 and $5,868. That puts Chelsea $3,323 above the New York City citywide 1BR median of $2,390. The month's figures are based on 16 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,112 | +$607 (+13.5%) | +$895 (+21.2%) | $5,112 – $5,112 | 1 |
| 1BR | $5,713 | +$111 (+2.0%) | +$270 (+5.0%) | $5,558 – $5,868 | 2 |
| 2BR | $7,294 | −$1,061 (-12.7%) | −$527 (-6.7%) | $7,195 – $7,394 | 2 |
| 3BR | $10,434 | +$3,934 (+60.5%) | +$2,684 (+34.6%) | $10,434 – $10,434 | 1 |
| 4BR | $9,797 | +$1,302 (+15.3%) | −$1,953 (-16.6%) | $9,524 – $9,995 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — August 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,112 | $2,500 | +$2,612 (+104.5%) |
| 1BR | $5,713 | $2,390 | +$3,323 (+139.0%) |
| 2BR | $7,294 | $2,900 | +$4,394 (+151.5%) |
| 3BR | $10,434 | $3,603 | +$6,831 (+189.6%) |
| 4BR | $9,797 | $4,225 | +$5,572 (+131.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.