Monthly Rent Report
Chelsea Rent Report — December 2023
Asking rents in ZIP 10011, New York City, from 527 listings.
Median 1BR rent in Chelsea was $5,700 in December 2023, up 18.9% (+$905) from November 2023 and up 2.6% year-over-year. The middle half of 1BR listings asked between $5,225 and $6,175. That puts Chelsea $3,300 above the New York City citywide 1BR median of $2,400. The month's figures are based on 527 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,600 | +$2,101 (+84.1%) | +$903 (+24.4%) | $4,600 – $4,600 | 1 |
| Studio | $3,400 | +$901 (+36.1%) | −$297 (-8.0%) | $2,925 – $4,222 | 38 |
| Studio | $3,400 | +$901 (+36.1%) | −$297 (-8.0%) | $2,900 – $3,995 | 121 |
| 1BR | $5,700 | +$905 (+18.9%) | +$146 (+2.6%) | $5,225 – $6,175 | 2 |
| 1BR | $5,430 | +$635 (+13.2%) | −$124 (-2.2%) | $4,149 – $6,295 | 141 |
| 1BR | $5,095 | +$300 (+6.3%) | −$459 (-8.3%) | $4,884 – $5,246 | 4 |
| 2BR | $7,513 | +$1,013 (+15.6%) | +$266 (+3.7%) | $7,077 – $7,950 | 2 |
| 2BR | $7,350 | +$850 (+13.1%) | +$103 (+1.4%) | $5,525 – $9,175 | 2 |
| 2BR | $8,400 | +$1,900 (+29.2%) | +$1,153 (+15.9%) | $5,350 – $11,000 | 125 |
| 3BR | $10,725 | +$475 (+4.6%) | +$3,425 (+46.9%) | $7,225 – $14,563 | 60 |
| 3BR | $17,500 | +$7,250 (+70.7%) | +$10,200 (+139.7%) | $17,500 – $18,500 | 5 |
| 3BR | $17,500 | +$7,250 (+70.7%) | +$10,200 (+139.7%) | $17,500 – $18,500 | 5 |
| 4BR | $10,500 | $0 (0.0%) | −$500 (-4.5%) | $10,500 – $16,995 | 5 |
| 4BR | $13,748 | +$3,248 (+30.9%) | +$2,748 (+25.0%) | $10,500 – $16,995 | 10 |
| 4BR | $9,248 | −$1,252 (-11.9%) | −$1,752 (-15.9%) | $7,995 – $10,500 | 4 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — December 2023
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,600 | $2,362 | +$2,238 (+94.8%) |
| Studio | $3,400 | $2,362 | +$1,038 (+44.0%) |
| Studio | $3,400 | $2,362 | +$1,038 (+44.0%) |
| 1BR | $5,700 | $2,400 | +$3,300 (+137.5%) |
| 1BR | $5,430 | $2,400 | +$3,030 (+126.3%) |
| 1BR | $5,095 | $2,400 | +$2,695 (+112.3%) |
| 2BR | $7,513 | $2,900 | +$4,613 (+159.1%) |
| 2BR | $7,350 | $2,900 | +$4,450 (+153.4%) |
| 2BR | $8,400 | $2,900 | +$5,500 (+189.7%) |
| 3BR | $10,725 | $3,500 | +$7,225 (+206.4%) |
| 3BR | $17,500 | $3,500 | +$14,000 (+400.0%) |
| 3BR | $17,500 | $3,500 | +$14,000 (+400.0%) |
| 4BR | $10,500 | $4,070 | +$6,430 (+158.0%) |
| 4BR | $13,748 | $4,070 | +$9,678 (+237.8%) |
| 4BR | $9,248 | $4,070 | +$5,178 (+127.2%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.