Monthly Rent Report
Chelsea Rent Report — September 2024
Asking rents in ZIP 10001, New York City, from 40 listings.
Median 1BR rent in Chelsea was $5,150 in September 2024, down 9.9% (−$563) from August 2024 and down 11.4% year-over-year. The middle half of 1BR listings asked between $5,150 and $5,150. That puts Chelsea $2,757 above the New York City citywide 1BR median of $2,393. The month's figures are based on 40 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,511 | −$601 (-11.8%) | −$407 (-8.3%) | $4,511 – $4,511 | 1 |
| 1BR | $5,150 | −$563 (-9.9%) | −$662 (-11.4%) | $5,150 – $5,150 | 1 |
| 2BR | $9,738 | +$2,444 (+33.5%) | +$1,543 (+18.8%) | $9,738 – $9,738 | 1 |
| 3BR | $11,951 | +$1,517 (+14.5%) | +$1,051 (+9.6%) | $6,875 – $13,475 | 27 |
| 4BR | $9,000 | −$797 (-8.1%) | +$1,500 (+20.0%) | $8,873 – $9,150 | 7 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — September 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,511 | $2,369 | +$2,142 (+90.4%) |
| 1BR | $5,150 | $2,393 | +$2,757 (+115.2%) |
| 2BR | $9,738 | $2,900 | +$6,838 (+235.8%) |
| 3BR | $11,951 | $3,598 | +$8,354 (+232.2%) |
| 4BR | $9,000 | $4,295 | +$4,705 (+109.5%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in September 2024.