Monthly Rent Report
Chelsea Rent Report — October 2024
Asking rents in ZIP 10001, New York City, from 28 listings.
Median 1BR rent in Chelsea was $5,582 in October 2024, up 8.4% (+$432) from September 2024 and up 9.5% year-over-year. The middle half of 1BR listings asked between $5,425 and $5,700. That puts Chelsea $3,275 above the New York City citywide 1BR median of $2,306. The month's figures are based on 28 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,150 | −$361 (-8.0%) | +$414 (+11.1%) | $4,150 – $4,150 | 1 |
| Studio | $3,995 | −$516 (-11.4%) | +$259 (+6.9%) | $3,995 – $3,995 | 1 |
| Studio | $4,945 | +$434 (+9.6%) | +$1,209 (+32.3%) | $4,945 – $4,945 | 4 |
| 1BR | $5,582 | +$432 (+8.4%) | +$484 (+9.5%) | $5,425 – $5,700 | 4 |
| 1BR | $2,150 | −$3,000 (-58.3%) | −$2,947 (-57.8%) | $2,150 – $2,150 | 1 |
| 2BR | $2,345 | −$7,393 (-75.9%) | −$5,550 (-70.3%) | $2,345 – $5,894 | 7 |
| 2BR | $4,850 | −$4,888 (-50.2%) | −$3,045 (-38.6%) | $4,850 – $4,925 | 3 |
| 3BR | $15,250 | +$3,299 (+27.6%) | +$9,750 (+177.3%) | $13,875 – $16,625 | 2 |
| 4BR | $8,495 | −$505 (-5.6%) | +$746 (+9.6%) | $8,495 – $8,495 | 4 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — October 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,150 | $2,550 | +$1,600 (+62.7%) |
| Studio | $3,995 | $2,550 | +$1,445 (+56.7%) |
| Studio | $4,945 | $2,550 | +$2,395 (+93.9%) |
| 1BR | $5,582 | $2,306 | +$3,275 (+142.0%) |
| 1BR | $2,150 | $2,306 | −$156 (-6.8%) |
| 2BR | $2,345 | $2,914 | −$568 (-19.5%) |
| 2BR | $4,850 | $2,914 | +$1,937 (+66.5%) |
| 3BR | $15,250 | $3,519 | +$11,731 (+333.4%) |
| 4BR | $8,495 | $4,100 | +$4,395 (+107.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.