Monthly Rent Report
Chelsea Rent Report — February 2025
Asking rents in ZIP 10001, New York City, from 487 listings.
Median 1BR rent in Chelsea was $5,395 in February 2025, down 17.3% (−$1,127) from January 2025 and down 4.3% year-over-year. The middle half of 1BR listings asked between $5,245 and $5,545. That puts Chelsea $2,918 above the New York City citywide 1BR median of $2,478. The month's figures are based on 487 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2025 | Vs. February 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,556 | +$96 (+2.2%) | +$106 (+2.4%) | $4,370 – $4,663 | 21 |
| Studio | $4,704 | +$244 (+5.5%) | +$254 (+5.7%) | $4,557 – $4,803 | 4 |
| Studio | $4,320 | −$140 (-3.1%) | −$130 (-2.9%) | $4,136 – $4,750 | 117 |
| 1BR | $5,395 | −$1,127 (-17.3%) | −$245 (-4.3%) | $5,245 – $5,545 | 3 |
| 1BR | $6,191 | −$331 (-5.1%) | +$551 (+9.8%) | $5,687 – $6,253 | 13 |
| 1BR | $5,595 | −$927 (-14.2%) | −$45 (-0.8%) | $5,167 – $5,863 | 214 |
| 2BR | $7,586 | −$215 (-2.8%) | −$1,232 (-14.0%) | $7,586 – $7,586 | 1 |
| 2BR | $8,410 | +$609 (+7.8%) | −$408 (-4.6%) | $7,232 – $8,941 | 82 |
| 2BR | $9,598 | +$1,797 (+23.0%) | +$780 (+8.8%) | $9,131 – $10,065 | 4 |
| 3BR | $11,167 | +$1,276 (+12.9%) | −$833 (-6.9%) | $11,167 – $11,167 | 1 |
| 3BR | $6,148 | −$3,744 (-37.9%) | −$5,852 (-48.8%) | $4,696 – $10,500 | 14 |
| 4BR | $7,395 | +$370 (+5.3%) | −$105 (-1.4%) | $7,195 – $12,648 | 7 |
| 4BR | $7,395 | +$370 (+5.3%) | −$105 (-1.4%) | $7,195 – $10,695 | 3 |
Median, P25, and P75 are asking rents from listings posted in February 2025. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — February 2025
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,556 | $2,566 | +$1,991 (+77.6%) |
| Studio | $4,704 | $2,566 | +$2,139 (+83.4%) |
| Studio | $4,320 | $2,566 | +$1,755 (+68.4%) |
| 1BR | $5,395 | $2,478 | +$2,918 (+117.8%) |
| 1BR | $6,191 | $2,478 | +$3,714 (+149.9%) |
| 1BR | $5,595 | $2,478 | +$3,118 (+125.8%) |
| 2BR | $7,586 | $3,000 | +$4,586 (+152.9%) |
| 2BR | $8,410 | $3,000 | +$5,410 (+180.3%) |
| 2BR | $9,598 | $3,000 | +$6,598 (+219.9%) |
| 3BR | $11,167 | $3,600 | +$7,567 (+210.2%) |
| 3BR | $6,148 | $3,600 | +$2,548 (+70.8%) |
| 4BR | $7,395 | $4,200 | +$3,195 (+76.1%) |
| 4BR | $7,395 | $4,200 | +$3,195 (+76.1%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in February 2025.