Monthly Rent Report
Chelsea Rent Report — December 2022
Asking rents in ZIP 10011, New York City, from 254 listings.
Median 1BR rent in Chelsea was $5,244 in December 2022, down 19.3% (−$1,256) from November 2022. The middle half of 1BR listings asked between $3,900 and $5,866. That puts Chelsea $3,023 above the New York City citywide 1BR median of $2,222. The month's figures are based on 254 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,498 | −$1,197 (-25.5%) | — | $3,225 – $3,795 | 26 |
| Studio | $3,495 | −$1,200 (-25.6%) | — | $3,150 – $4,336 | 25 |
| Studio | $3,697 | −$998 (-21.3%) | — | $3,250 – $3,871 | 11 |
| 1BR | $5,244 | −$1,256 (-19.3%) | — | $3,900 – $5,866 | 45 |
| 1BR | $5,400 | −$1,100 (-16.9%) | — | $4,575 – $7,825 | 23 |
| 1BR | $5,555 | −$945 (-14.5%) | — | $5,391 – $5,718 | 4 |
| 2BR | $8,995 | +$1,527 (+20.4%) | — | $5,848 – $13,990 | 59 |
| 2BR | $8,995 | +$1,527 (+20.4%) | — | $8,995 – $8,995 | 1 |
| 2BR | $7,248 | −$220 (-3.0%) | — | $5,549 – $11,839 | 26 |
| 3BR | $7,300 | −$10,695 (-59.4%) | — | $7,300 – $7,300 | 1 |
| 3BR | $18,500 | +$505 (+2.8%) | — | $7,600 – $19,000 | 11 |
| 3BR | $15,450 | −$2,545 (-14.1%) | — | $7,700 – $16,500 | 9 |
| 4BR | $18,950 | +$10,955 (+137.0%) | — | $18,950 – $18,950 | 1 |
| 4BR | $11,000 | +$3,005 (+37.6%) | — | $8,495 – $11,500 | 5 |
| 4BR | $8,495 | +$500 (+6.3%) | — | $8,495 – $8,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — December 2022
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,498 | $2,098 | +$1,400 (+66.7%) |
| Studio | $3,495 | $2,098 | +$1,398 (+66.6%) |
| Studio | $3,697 | $2,098 | +$1,600 (+76.3%) |
| 1BR | $5,244 | $2,222 | +$3,023 (+136.1%) |
| 1BR | $5,400 | $2,222 | +$3,179 (+143.1%) |
| 1BR | $5,555 | $2,222 | +$3,333 (+150.0%) |
| 2BR | $8,995 | $2,700 | +$6,295 (+233.1%) |
| 2BR | $8,995 | $2,700 | +$6,295 (+233.1%) |
| 2BR | $7,248 | $2,700 | +$4,548 (+168.4%) |
| 3BR | $7,300 | $3,200 | +$4,100 (+128.1%) |
| 3BR | $18,500 | $3,200 | +$15,300 (+478.1%) |
| 3BR | $15,450 | $3,200 | +$12,250 (+382.8%) |
| 4BR | $18,950 | $3,750 | +$15,200 (+405.3%) |
| 4BR | $11,000 | $3,750 | +$7,250 (+193.3%) |
| 4BR | $8,495 | $3,750 | +$4,745 (+126.5%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in December 2022.