Monthly Rent Report
Chelsea Rent Report — March 2023
Asking rents in ZIP 10011, New York City, from 531 listings.
Median 1BR rent in Chelsea was $4,827 in March 2023, up 7.3% (+$327) from February 2023. The middle half of 1BR listings asked between $4,100 and $5,598. That puts Chelsea $2,528 above the New York City citywide 1BR median of $2,299. The month's figures are based on 531 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,625 | −$275 (-7.1%) | — | $2,950 – $4,000 | 53 |
| Studio | $4,274 | +$374 (+9.6%) | — | $4,239 – $5,027 | 5 |
| Studio | $3,495 | −$405 (-10.4%) | — | $2,873 – $4,100 | 47 |
| 1BR | $4,827 | +$327 (+7.3%) | — | $4,100 – $5,598 | 94 |
| 1BR | $5,429 | +$929 (+20.6%) | — | $5,194 – $5,665 | 2 |
| 1BR | $4,973 | +$473 (+10.5%) | — | $4,150 – $5,550 | 82 |
| 2BR | $6,950 | −$718 (-9.4%) | — | $5,475 – $7,996 | 64 |
| 2BR | $7,800 | +$132 (+1.7%) | — | $5,700 – $12,000 | 77 |
| 2BR | $8,595 | +$927 (+12.1%) | — | $8,055 – $8,695 | 3 |
| 3BR | $11,950 | −$2,550 (-17.6%) | — | $6,800 – $15,000 | 29 |
| 3BR | $14,700 | +$200 (+1.4%) | — | $6,875 – $15,000 | 26 |
| 3BR | $7,500 | −$7,000 (-48.3%) | — | $6,495 – $12,500 | 26 |
| 4BR | $18,000 | +$275 (+1.6%) | — | $18,000 – $18,500 | 5 |
| 4BR | $18,000 | +$275 (+1.6%) | — | $8,248 – $18,500 | 7 |
| 4BR | $8,495 | −$9,230 (-52.1%) | — | $8,248 – $13,498 | 3 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — March 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,625 | $2,200 | +$1,425 (+64.8%) |
| Studio | $4,274 | $2,200 | +$2,074 (+94.3%) |
| Studio | $3,495 | $2,200 | +$1,295 (+58.9%) |
| 1BR | $4,827 | $2,299 | +$2,528 (+110.0%) |
| 1BR | $5,429 | $2,299 | +$3,130 (+136.1%) |
| 1BR | $4,973 | $2,299 | +$2,674 (+116.3%) |
| 2BR | $6,950 | $2,650 | +$4,300 (+162.3%) |
| 2BR | $7,800 | $2,650 | +$5,150 (+194.3%) |
| 2BR | $8,595 | $2,650 | +$5,945 (+224.3%) |
| 3BR | $11,950 | $3,200 | +$8,750 (+273.4%) |
| 3BR | $14,700 | $3,200 | +$11,500 (+359.4%) |
| 3BR | $7,500 | $3,200 | +$4,300 (+134.4%) |
| 4BR | $18,000 | $3,995 | +$14,005 (+350.6%) |
| 4BR | $18,000 | $3,995 | +$14,005 (+350.6%) |
| 4BR | $8,495 | $3,995 | +$4,500 (+112.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.