Monthly Rent Report
Chelsea Rent Report — February 2023
Asking rents in ZIP 10011, New York City, from 350 listings.
Median 1BR rent in Chelsea was $4,500 in February 2023, down 14.8% (−$779) from January 2023. The middle half of 1BR listings asked between $3,573 and $5,625. That puts Chelsea $2,301 above the New York City citywide 1BR median of $2,200. The month's figures are based on 350 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,900 | +$400 (+11.4%) | — | $3,288 – $4,563 | 14 |
| Studio | $3,620 | +$120 (+3.4%) | — | $3,200 – $3,988 | 44 |
| Studio | $3,977 | +$477 (+13.6%) | — | $3,948 – $4,026 | 12 |
| 1BR | $4,500 | −$779 (-14.8%) | — | $3,573 – $5,625 | 43 |
| 1BR | $5,197 | −$82 (-1.6%) | — | $3,750 – $5,627 | 85 |
| 1BR | $5,912 | +$633 (+12.0%) | — | $5,475 – $6,675 | 4 |
| 2BR | $7,533 | −$45 (-0.6%) | — | $5,950 – $8,900 | 69 |
| 2BR | $7,668 | +$90 (+1.2%) | — | $7,319 – $8,595 | 5 |
| 2BR | $8,375 | +$797 (+10.5%) | — | $5,995 – $12,500 | 38 |
| 3BR | $4,995 | −$10,005 (-66.7%) | — | $4,995 – $4,995 | 1 |
| 3BR | $14,500 | −$500 (-3.3%) | — | $11,950 – $15,950 | 9 |
| 3BR | $11,500 | −$3,500 (-23.3%) | — | $6,800 – $11,975 | 11 |
| 4BR | $17,725 | −$275 (-1.5%) | — | $16,950 – $18,613 | 4 |
| 4BR | $18,950 | +$950 (+5.3%) | — | $18,950 – $18,950 | 1 |
| 4BR | $17,725 | −$275 (-1.5%) | — | $17,338 – $18,113 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — February 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,900 | $2,260 | +$1,640 (+72.6%) |
| Studio | $3,620 | $2,260 | +$1,360 (+60.2%) |
| Studio | $3,977 | $2,260 | +$1,717 (+76.0%) |
| 1BR | $4,500 | $2,200 | +$2,301 (+104.6%) |
| 1BR | $5,197 | $2,200 | +$2,998 (+136.3%) |
| 1BR | $5,912 | $2,200 | +$3,712 (+168.8%) |
| 2BR | $7,533 | $2,695 | +$4,838 (+179.5%) |
| 2BR | $7,668 | $2,695 | +$4,973 (+184.5%) |
| 2BR | $8,375 | $2,695 | +$5,680 (+210.8%) |
| 3BR | $4,995 | $3,200 | +$1,795 (+56.1%) |
| 3BR | $14,500 | $3,200 | +$11,300 (+353.1%) |
| 3BR | $11,500 | $3,200 | +$8,300 (+259.4%) |
| 4BR | $17,725 | $3,800 | +$13,925 (+366.4%) |
| 4BR | $18,950 | $3,800 | +$15,150 (+398.7%) |
| 4BR | $17,725 | $3,800 | +$13,925 (+366.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.