Monthly Rent Report
Chelsea Rent Report — April 2023
Asking rents in ZIP 10011, New York City, from 546 listings.
Median 1BR rent in Chelsea was $5,200 in April 2023, up 4.6% (+$228) from March 2023. The middle half of 1BR listings asked between $4,500 and $6,000. That puts Chelsea $2,828 above the New York City citywide 1BR median of $2,373. The month's figures are based on 546 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,750 | +$255 (+7.3%) | — | $3,400 – $4,500 | 63 |
| Studio | $4,234 | +$739 (+21.1%) | — | $4,234 – $4,234 | 1 |
| Studio | $3,448 | −$47 (-1.4%) | — | $2,950 – $3,871 | 38 |
| 1BR | $5,200 | +$228 (+4.6%) | — | $4,500 – $6,000 | 133 |
| 1BR | $5,481 | +$508 (+10.2%) | — | $4,763 – $5,962 | 78 |
| 1BR | $8,413 | +$3,440 (+69.2%) | — | $8,181 – $8,644 | 2 |
| 2BR | $8,343 | −$252 (-2.9%) | — | $6,150 – $10,750 | 49 |
| 2BR | $5,223 | −$3,372 (-39.2%) | — | $5,009 – $5,436 | 2 |
| 2BR | $7,848 | −$747 (-8.7%) | — | $5,650 – $10,450 | 106 |
| 3BR | $11,950 | +$4,450 (+59.3%) | — | $7,138 – $13,988 | 38 |
| 3BR | $5,350 | −$2,150 (-28.7%) | — | $5,350 – $5,350 | 1 |
| 3BR | $9,098 | +$1,598 (+21.3%) | — | $5,963 – $15,000 | 18 |
| 4BR | $7,200 | −$1,295 (-15.2%) | — | $7,200 – $17,950 | 5 |
| 4BR | $7,200 | −$1,295 (-15.2%) | — | $7,200 – $7,850 | 3 |
| 4BR | $7,200 | −$1,295 (-15.2%) | — | $7,200 – $10,863 | 8 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — April 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,750 | $2,349 | +$1,401 (+59.6%) |
| Studio | $4,234 | $2,349 | +$1,885 (+80.2%) |
| Studio | $3,448 | $2,349 | +$1,099 (+46.8%) |
| 1BR | $5,200 | $2,373 | +$2,828 (+119.2%) |
| 1BR | $5,481 | $2,373 | +$3,108 (+131.0%) |
| 1BR | $8,413 | $2,373 | +$6,040 (+254.6%) |
| 2BR | $8,343 | $2,795 | +$5,548 (+198.5%) |
| 2BR | $5,223 | $2,795 | +$2,428 (+86.9%) |
| 2BR | $7,848 | $2,795 | +$5,053 (+180.8%) |
| 3BR | $11,950 | $3,200 | +$8,750 (+273.4%) |
| 3BR | $5,350 | $3,200 | +$2,150 (+67.2%) |
| 3BR | $9,098 | $3,200 | +$5,898 (+184.3%) |
| 4BR | $7,200 | $4,148 | +$3,053 (+73.6%) |
| 4BR | $7,200 | $4,148 | +$3,053 (+73.6%) |
| 4BR | $7,200 | $4,148 | +$3,053 (+73.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2023.