Monthly Rent Report
Chelsea Rent Report — December 2024
Asking rents in ZIP 10001, New York City, from 47 listings.
Median 1BR rent in Chelsea was $5,843 in December 2024, down 3.6% (−$217) from November 2024 and up 16.9% year-over-year. The middle half of 1BR listings asked between $5,090 and $6,546. That puts Chelsea $3,364 above the New York City citywide 1BR median of $2,480. The month's figures are based on 47 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,538 | +$3,679 (+428.3%) | +$526 (+13.1%) | $4,333 – $4,632 | 4 |
| Studio | $4,150 | +$3,291 (+383.1%) | +$138 (+3.4%) | $3,606 – $4,215 | 8 |
| 1BR | $5,843 | −$217 (-3.6%) | +$843 (+16.9%) | $5,090 – $6,546 | 12 |
| 1BR | $5,422 | −$638 (-10.5%) | +$422 (+8.4%) | $5,159 – $5,823 | 8 |
| 2BR | $7,600 | −$395 (-4.9%) | +$2,450 (+47.6%) | $7,200 – $8,495 | 5 |
| 2BR | $9,105 | +$1,110 (+13.9%) | +$3,955 (+76.8%) | $8,782 – $9,427 | 2 |
| 3BR | $14,500 | +$4,028 (+38.5%) | +$1,500 (+11.5%) | $14,500 – $14,500 | 1 |
| 3BR | $11,233 | +$761 (+7.3%) | −$1,767 (-13.6%) | $11,233 – $11,233 | 1 |
| 4BR | $11,500 | +$2,301 (+25.0%) | −$1,040 (-8.3%) | $6,675 – $11,700 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — December 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,538 | $2,525 | +$2,013 (+79.7%) |
| Studio | $4,150 | $2,525 | +$1,625 (+64.4%) |
| 1BR | $5,843 | $2,480 | +$3,364 (+135.7%) |
| 1BR | $5,422 | $2,480 | +$2,942 (+118.7%) |
| 2BR | $7,600 | $2,975 | +$4,625 (+155.5%) |
| 2BR | $9,105 | $2,975 | +$6,130 (+206.0%) |
| 3BR | $14,500 | $3,546 | +$10,955 (+309.0%) |
| 3BR | $11,233 | $3,546 | +$7,688 (+216.8%) |
| 4BR | $11,500 | $4,150 | +$7,350 (+177.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.