Monthly Rent Report
Chelsea Rent Report — June 2023
Asking rents in ZIP 10011, New York City, from 449 listings.
Median 1BR rent in Chelsea was $5,600 in June 2023, up 3.8% (+$203) from May 2023. The middle half of 1BR listings asked between $4,508 and $6,500. That puts Chelsea $3,113 above the New York City citywide 1BR median of $2,488. The month's figures are based on 449 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,650 | +$1,150 (+32.9%) | — | $4,552 – $4,768 | 8 |
| Studio | $4,228 | +$728 (+20.8%) | — | $3,764 – $4,692 | 2 |
| Studio | $4,248 | +$748 (+21.4%) | — | $3,363 – $4,680 | 82 |
| 1BR | $5,600 | +$203 (+3.8%) | — | $4,508 – $6,500 | 171 |
| 1BR | $5,975 | +$578 (+10.7%) | — | $5,837 – $6,154 | 11 |
| 1BR | $6,798 | +$1,401 (+25.9%) | — | $6,081 – $7,659 | 10 |
| 2BR | $8,785 | +$563 (+6.8%) | — | $8,690 – $8,880 | 2 |
| 2BR | $9,750 | +$1,528 (+18.6%) | — | $7,150 – $12,500 | 101 |
| 2BR | $8,372 | +$150 (+1.8%) | — | $8,133 – $8,633 | 4 |
| 3BR | $10,000 | +$2,505 (+33.4%) | — | $10,000 – $10,000 | 1 |
| 3BR | $10,495 | +$3,000 (+40.0%) | — | $10,495 – $10,495 | 1 |
| 3BR | $11,350 | +$3,855 (+51.4%) | — | $7,300 – $14,248 | 43 |
| 4BR | $12,100 | −$1,150 (-8.7%) | — | $8,700 – $17,375 | 6 |
| 4BR | $12,500 | −$750 (-5.7%) | — | $12,500 – $12,500 | 1 |
| 4BR | $16,575 | +$3,325 (+25.1%) | — | $15,663 – $17,488 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — June 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,650 | $2,500 | +$2,150 (+86.0%) |
| Studio | $4,228 | $2,500 | +$1,728 (+69.1%) |
| Studio | $4,248 | $2,500 | +$1,748 (+69.9%) |
| 1BR | $5,600 | $2,488 | +$3,113 (+125.1%) |
| 1BR | $5,975 | $2,488 | +$3,488 (+140.2%) |
| 1BR | $6,798 | $2,488 | +$4,310 (+173.3%) |
| 2BR | $8,785 | $2,828 | +$5,957 (+210.6%) |
| 2BR | $9,750 | $2,828 | +$6,922 (+244.7%) |
| 2BR | $8,372 | $2,828 | +$5,544 (+196.0%) |
| 3BR | $10,000 | $3,300 | +$6,700 (+203.0%) |
| 3BR | $10,495 | $3,300 | +$7,195 (+218.0%) |
| 3BR | $11,350 | $3,300 | +$8,050 (+243.9%) |
| 4BR | $12,100 | $4,200 | +$7,900 (+188.1%) |
| 4BR | $12,500 | $4,200 | +$8,300 (+197.6%) |
| 4BR | $16,575 | $4,200 | +$12,375 (+294.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.