Monthly Rent Report
Chelsea Rent Report — July 2023
Asking rents in ZIP 10011, New York City, from 207 listings.
Median 1BR rent in Chelsea was $5,727 in July 2023, down 4.2% (−$248) from June 2023. The middle half of 1BR listings asked between $5,274 and $6,524. That puts Chelsea $3,277 above the New York City citywide 1BR median of $2,450. The month's figures are based on 207 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,192 | −$55 (-1.3%) | — | $4,078 – $4,223 | 5 |
| Studio | $4,847 | +$600 (+14.1%) | — | $4,819 – $4,875 | 2 |
| Studio | $4,258 | +$11 (+0.2%) | — | $3,548 – $4,613 | 35 |
| 1BR | $5,727 | −$248 (-4.2%) | — | $5,274 – $6,524 | 60 |
| 1BR | $5,779 | −$196 (-3.3%) | — | $5,508 – $6,725 | 9 |
| 1BR | $5,744 | −$231 (-3.9%) | — | $5,543 – $5,779 | 11 |
| 2BR | $9,200 | −$550 (-5.6%) | — | $6,950 – $11,300 | 33 |
| 2BR | $7,236 | −$2,514 (-25.8%) | — | $5,800 – $8,747 | 4 |
| 2BR | $9,628 | −$122 (-1.3%) | — | $9,558 – $9,697 | 2 |
| 3BR | $10,500 | +$500 (+5.0%) | — | $7,995 – $15,000 | 13 |
| 3BR | $7,995 | −$2,005 (-20.1%) | — | $6,500 – $11,500 | 13 |
| 3BR | $5,395 | −$4,605 (-46.1%) | — | $5,395 – $5,395 | 1 |
| 4BR | $16,950 | +$4,850 (+40.1%) | — | $13,475 – $17,675 | 3 |
| 4BR | $10,500 | −$1,600 (-13.2%) | — | $8,948 – $11,250 | 7 |
| 4BR | $11,000 | −$1,100 (-9.1%) | — | $10,100 – $11,750 | 7 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — July 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,192 | $2,498 | +$1,695 (+67.8%) |
| Studio | $4,847 | $2,498 | +$2,350 (+94.1%) |
| Studio | $4,258 | $2,498 | +$1,761 (+70.5%) |
| 1BR | $5,727 | $2,450 | +$3,277 (+133.8%) |
| 1BR | $5,779 | $2,450 | +$3,329 (+135.9%) |
| 1BR | $5,744 | $2,450 | +$3,294 (+134.4%) |
| 2BR | $9,200 | $2,800 | +$6,400 (+228.6%) |
| 2BR | $7,236 | $2,800 | +$4,436 (+158.4%) |
| 2BR | $9,628 | $2,800 | +$6,828 (+243.8%) |
| 3BR | $10,500 | $3,400 | +$7,100 (+208.8%) |
| 3BR | $7,995 | $3,400 | +$4,595 (+135.2%) |
| 3BR | $5,395 | $3,400 | +$1,995 (+58.7%) |
| 4BR | $16,950 | $4,200 | +$12,750 (+303.6%) |
| 4BR | $10,500 | $4,200 | +$6,300 (+150.0%) |
| 4BR | $11,000 | $4,200 | +$6,800 (+161.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.