Monthly Rent Report
Chelsea Rent Report — November 2023
Asking rents in ZIP 10011, New York City, from 532 listings.
Median 1BR rent in Chelsea was $3,795 in November 2023, down 20.5% (−$977) from October 2023 and down 24.0% year-over-year. The middle half of 1BR listings asked between $3,570 and $4,249. That puts Chelsea $1,395 above the New York City citywide 1BR median of $2,400. The month's figures are based on 532 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,400 | +$600 (+21.4%) | −$1,295 (-27.6%) | $2,961 – $3,800 | 134 |
| Studio | $2,499 | −$301 (-10.8%) | −$2,196 (-46.8%) | $2,499 – $3,999 | 9 |
| Studio | $3,200 | +$400 (+14.3%) | −$1,495 (-31.8%) | $3,200 – $3,200 | 1 |
| 1BR | $3,795 | −$977 (-20.5%) | −$1,200 (-24.0%) | $3,570 – $4,249 | 6 |
| 1BR | $4,795 | +$23 (+0.5%) | −$200 (-4.0%) | $4,000 – $5,900 | 155 |
| 1BR | $5,546 | +$774 (+16.2%) | +$551 (+11.0%) | $4,946 – $5,749 | 5 |
| 2BR | $6,500 | +$175 (+2.8%) | −$4,350 (-40.1%) | $5,050 – $9,998 | 115 |
| 2BR | $7,427 | +$1,102 (+17.4%) | −$3,423 (-31.5%) | $6,466 – $8,386 | 4 |
| 2BR | $4,950 | −$1,375 (-21.7%) | −$5,900 (-54.4%) | $4,950 – $9,995 | 5 |
| 3BR | $6,495 | −$4,730 (-42.1%) | +$500 (+8.3%) | $6,495 – $6,495 | 2 |
| 3BR | $10,950 | −$275 (-2.4%) | +$4,955 (+82.7%) | $6,998 – $14,250 | 59 |
| 3BR | $10,250 | −$975 (-8.7%) | +$4,255 (+71.0%) | $9,950 – $10,250 | 7 |
| 4BR | $10,500 | $0 (0.0%) | +$2,505 (+31.3%) | $8,248 – $18,000 | 11 |
| 4BR | $18,000 | +$7,500 (+71.4%) | +$10,005 (+125.1%) | $18,000 – $18,000 | 2 |
| 4BR | $10,500 | $0 (0.0%) | +$2,505 (+31.3%) | $8,850 – $10,500 | 9 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — November 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,400 | $2,395 | +$1,005 (+42.0%) |
| Studio | $2,499 | $2,395 | +$104 (+4.3%) |
| Studio | $3,200 | $2,395 | +$805 (+33.6%) |
| 1BR | $3,795 | $2,400 | +$1,395 (+58.1%) |
| 1BR | $4,795 | $2,400 | +$2,395 (+99.8%) |
| 1BR | $5,546 | $2,400 | +$3,146 (+131.1%) |
| 2BR | $6,500 | $2,798 | +$3,703 (+132.4%) |
| 2BR | $7,427 | $2,798 | +$4,630 (+165.5%) |
| 2BR | $4,950 | $2,798 | +$2,153 (+76.9%) |
| 3BR | $6,495 | $3,300 | +$3,195 (+96.8%) |
| 3BR | $10,950 | $3,300 | +$7,650 (+231.8%) |
| 3BR | $10,250 | $3,300 | +$6,950 (+210.6%) |
| 4BR | $10,500 | $4,199 | +$6,301 (+150.1%) |
| 4BR | $18,000 | $4,199 | +$13,801 (+328.7%) |
| 4BR | $10,500 | $4,199 | +$6,301 (+150.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2023.