Monthly Rent Report
Chelsea Rent Report — March 2025
Asking rents in ZIP 10001, New York City, from 1,298 listings.
Median 1BR rent in Chelsea was $6,086 in March 2025, up 8.8% (+$491) from February 2025 and up 22.5% year-over-year. The middle half of 1BR listings asked between $5,797 and $6,893. That puts Chelsea $3,586 above the New York City citywide 1BR median of $2,500. The month's figures are based on 1,298 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2025 | Vs. March 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,531 | −$25 (-0.5%) | +$249 (+5.8%) | $4,370 – $4,661 | 36 |
| Studio | $4,630 | +$74 (+1.6%) | +$348 (+8.1%) | $4,526 – $4,791 | 12 |
| Studio | $4,320 | −$236 (-5.2%) | +$38 (+0.9%) | $4,010 – $4,701 | 372 |
| 1BR | $6,086 | +$491 (+8.8%) | +$1,116 (+22.5%) | $5,797 – $6,893 | 12 |
| 1BR | $5,700 | +$105 (+1.9%) | +$730 (+14.7%) | $5,217 – $6,221 | 596 |
| 1BR | $6,043 | +$448 (+8.0%) | +$1,073 (+21.6%) | $5,903 – $6,598 | 19 |
| 2BR | $7,761 | −$649 (-7.7%) | −$299 (-3.7%) | $7,567 – $7,956 | 2 |
| 2BR | $9,661 | +$1,251 (+14.9%) | +$1,601 (+19.9%) | $8,840 – $9,736 | 6 |
| 2BR | $8,295 | −$115 (-1.4%) | +$235 (+2.9%) | $7,175 – $8,650 | 200 |
| 3BR | $7,998 | −$3,169 (-28.4%) | −$10,002 (-55.6%) | $5,959 – $10,660 | 32 |
| 3BR | $10,899 | −$268 (-2.4%) | −$7,101 (-39.5%) | $10,899 – $10,899 | 1 |
| 4BR | $10,000 | +$2,605 (+35.2%) | +$2,800 (+38.9%) | $7,763 – $12,113 | 4 |
| 4BR | $9,500 | +$2,105 (+28.5%) | +$2,300 (+31.9%) | $6,025 – $10,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in March 2025. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — March 2025
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,531 | $2,514 | +$2,018 (+80.3%) |
| Studio | $4,630 | $2,514 | +$2,117 (+84.2%) |
| Studio | $4,320 | $2,514 | +$1,807 (+71.9%) |
| 1BR | $6,086 | $2,500 | +$3,586 (+143.4%) |
| 1BR | $5,700 | $2,500 | +$3,200 (+128.0%) |
| 1BR | $6,043 | $2,500 | +$3,543 (+141.7%) |
| 2BR | $7,761 | $2,938 | +$4,824 (+164.2%) |
| 2BR | $9,661 | $2,938 | +$6,724 (+228.9%) |
| 2BR | $8,295 | $2,938 | +$5,357 (+182.4%) |
| 3BR | $7,998 | $3,600 | +$4,398 (+122.2%) |
| 3BR | $10,899 | $3,600 | +$7,299 (+202.8%) |
| 4BR | $10,000 | $4,400 | +$5,600 (+127.3%) |
| 4BR | $9,500 | $4,400 | +$5,100 (+115.9%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2025.