Monthly Rent Report
Chelsea Rent Report — October 2023
Asking rents in ZIP 10011, New York City, from 204 listings.
Median 1BR rent in Chelsea was $4,773 in October 2023, down 2.6% (−$127) from September 2023 and down 19.1% year-over-year. The middle half of 1BR listings asked between $4,049 and $5,750. That puts Chelsea $2,323 above the New York City citywide 1BR median of $2,450. The month's figures are based on 204 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,200 | +$400 (+14.3%) | −$300 (-8.6%) | $3,200 – $3,200 | 1 |
| Studio | $2,800 | $0 (0.0%) | −$700 (-20.0%) | $2,800 – $2,800 | 1 |
| Studio | $3,448 | +$648 (+23.1%) | −$52 (-1.5%) | $2,875 – $3,713 | 32 |
| 1BR | $4,773 | −$127 (-2.6%) | −$1,127 (-19.1%) | $4,049 – $5,750 | 50 |
| 1BR | $5,510 | +$610 (+12.4%) | −$390 (-6.6%) | $4,830 – $5,510 | 3 |
| 1BR | $5,215 | +$315 (+6.4%) | −$685 (-11.6%) | $5,076 – $5,353 | 2 |
| 2BR | $6,325 | −$3,665 (-36.7%) | −$1,892 (-23.0%) | $5,124 – $9,963 | 46 |
| 2BR | $4,850 | −$5,140 (-51.5%) | −$3,367 (-41.0%) | $4,850 – $4,850 | 2 |
| 2BR | $8,309 | −$1,681 (-16.8%) | +$91 (+1.1%) | $6,967 – $8,581 | 4 |
| 3BR | $13,750 | +$7,250 (+111.5%) | +$7,100 (+106.8%) | $13,750 – $13,750 | 5 |
| 3BR | $11,225 | +$4,725 (+72.7%) | +$4,575 (+68.8%) | $6,950 – $13,063 | 12 |
| 3BR | $6,495 | −$5 (-0.1%) | −$155 (-2.3%) | $6,495 – $6,495 | 1 |
| 4BR | $16,995 | −$1,005 (-5.6%) | −$752 (-4.2%) | $16,995 – $16,995 | 3 |
| 4BR | $12,500 | −$5,500 (-30.6%) | −$5,247 (-29.6%) | $10,500 – $16,350 | 28 |
| 4BR | $10,500 | −$7,500 (-41.7%) | −$7,247 (-40.8%) | $10,000 – $16,995 | 5 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — October 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,200 | $2,411 | +$790 (+32.8%) |
| Studio | $2,800 | $2,411 | +$390 (+16.2%) |
| Studio | $3,448 | $2,411 | +$1,037 (+43.0%) |
| 1BR | $4,773 | $2,450 | +$2,323 (+94.8%) |
| 1BR | $5,510 | $2,450 | +$3,060 (+124.9%) |
| 1BR | $5,215 | $2,450 | +$2,765 (+112.8%) |
| 2BR | $6,325 | $2,900 | +$3,425 (+118.1%) |
| 2BR | $4,850 | $2,900 | +$1,950 (+67.2%) |
| 2BR | $8,309 | $2,900 | +$5,409 (+186.5%) |
| 3BR | $13,750 | $3,349 | +$10,401 (+310.6%) |
| 3BR | $11,225 | $3,349 | +$7,876 (+235.2%) |
| 3BR | $6,495 | $3,349 | +$3,146 (+94.0%) |
| 4BR | $16,995 | $4,200 | +$12,795 (+304.6%) |
| 4BR | $12,500 | $4,200 | +$8,300 (+197.6%) |
| 4BR | $10,500 | $4,200 | +$6,300 (+150.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.