Monthly Rent Report
Chelsea Rent Report — September 2023
Asking rents in ZIP 10011, New York City, from 85 listings.
Median 1BR rent in Chelsea was $4,900 in September 2023, down 10.3% (−$565) from August 2023 and down 27.5% year-over-year. The middle half of 1BR listings asked between $4,075 and $5,050. That puts Chelsea $2,400 above the New York City citywide 1BR median of $2,500. The month's figures are based on 85 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,800 | −$124 (-4.3%) | −$2,170 (-43.7%) | $2,800 – $5,250 | 14 |
| Studio | $4,172 | +$1,248 (+42.7%) | −$798 (-16.1%) | $4,087 – $4,197 | 3 |
| Studio | $3,500 | +$576 (+19.7%) | −$1,470 (-29.6%) | $3,350 – $3,700 | 5 |
| 1BR | $4,900 | −$565 (-10.3%) | −$1,860 (-27.5%) | $4,075 – $5,050 | 3 |
| 1BR | $5,696 | +$231 (+4.2%) | −$1,064 (-15.7%) | $5,321 – $6,072 | 4 |
| 1BR | $7,700 | +$2,235 (+40.9%) | +$940 (+13.9%) | $4,995 – $7,700 | 5 |
| 2BR | $9,990 | +$711 (+7.7%) | +$3,691 (+58.6%) | $9,990 – $9,990 | 3 |
| 2BR | $9,248 | −$31 (-0.3%) | +$2,948 (+46.8%) | $7,371 – $10,725 | 8 |
| 2BR | $8,149 | −$1,130 (-12.2%) | +$1,850 (+29.4%) | $6,829 – $9,174 | 4 |
| 3BR | $6,500 | −$13,495 (-67.5%) | +$3 (+0.0%) | $6,250 – $6,750 | 2 |
| 3BR | $12,000 | −$7,995 (-40.0%) | +$5,503 (+84.7%) | $9,450 – $17,995 | 14 |
| 3BR | $6,500 | −$13,495 (-67.5%) | +$3 (+0.0%) | $6,500 – $6,500 | 1 |
| 4BR | $11,498 | +$498 (+4.5%) | +$1,792 (+18.5%) | $10,995 – $17,588 | 14 |
| 4BR | $18,000 | +$7,000 (+63.6%) | +$8,294 (+85.5%) | $18,000 – $18,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — September 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,800 | $2,400 | +$400 (+16.7%) |
| Studio | $4,172 | $2,400 | +$1,772 (+73.8%) |
| Studio | $3,500 | $2,400 | +$1,100 (+45.8%) |
| 1BR | $4,900 | $2,500 | +$2,400 (+96.0%) |
| 1BR | $5,696 | $2,500 | +$3,196 (+127.8%) |
| 1BR | $7,700 | $2,500 | +$5,200 (+208.0%) |
| 2BR | $9,990 | $3,000 | +$6,990 (+233.0%) |
| 2BR | $9,248 | $3,000 | +$6,248 (+208.3%) |
| 2BR | $8,149 | $3,000 | +$5,149 (+171.6%) |
| 3BR | $6,500 | $3,500 | +$3,000 (+85.7%) |
| 3BR | $12,000 | $3,500 | +$8,500 (+242.9%) |
| 3BR | $6,500 | $3,500 | +$3,000 (+85.7%) |
| 4BR | $11,498 | $4,325 | +$7,173 (+165.8%) |
| 4BR | $18,000 | $4,325 | +$13,675 (+316.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.