Monthly Rent Report
Chelsea Rent Report — January 2024
Asking rents in ZIP 10011, New York City, from 302 listings.
Median 1BR rent in Chelsea was $5,495 in January 2024, up 1.2% (+$65) from December 2023 and up 4.1% year-over-year. The middle half of 1BR listings asked between $3,800 and $7,500. That puts Chelsea $3,145 above the New York City citywide 1BR median of $2,350. The month's figures are based on 302 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,150 | +$750 (+22.1%) | −$1,845 (-30.8%) | $4,150 – $4,150 | 1 |
| Studio | $4,000 | +$600 (+17.6%) | −$1,995 (-33.3%) | $3,584 – $4,334 | 12 |
| Studio | $3,200 | −$200 (-5.9%) | −$2,795 (-46.6%) | $2,750 – $3,898 | 43 |
| 1BR | $5,495 | +$65 (+1.2%) | +$216 (+4.1%) | $3,800 – $7,500 | 61 |
| 1BR | $5,895 | +$465 (+8.6%) | +$616 (+11.7%) | $5,895 – $5,895 | 1 |
| 1BR | $5,725 | +$295 (+5.4%) | +$446 (+8.4%) | $5,000 – $6,500 | 48 |
| 2BR | $7,125 | −$1,275 (-15.2%) | −$571 (-7.4%) | $5,450 – $10,241 | 16 |
| 2BR | $7,000 | −$1,400 (-16.7%) | −$696 (-9.0%) | $5,698 – $10,200 | 59 |
| 2BR | $10,073 | +$1,673 (+19.9%) | +$2,376 (+30.9%) | $9,611 – $10,534 | 2 |
| 3BR | $13,750 | −$3,750 (-21.4%) | +$2,375 (+20.9%) | $6,500 – $16,000 | 9 |
| 3BR | $12,000 | −$5,500 (-31.4%) | +$625 (+5.5%) | $9,243 – $12,500 | 12 |
| 3BR | $12,500 | −$5,000 (-28.6%) | +$1,125 (+9.9%) | $7,000 – $13,750 | 21 |
| 4BR | $9,997 | +$750 (+8.1%) | −$8,003 (-44.5%) | $9,996 – $10,500 | 9 |
| 4BR | $9,595 | +$348 (+3.8%) | −$8,405 (-46.7%) | $9,595 – $9,595 | 1 |
| 4BR | $16,995 | +$7,748 (+83.8%) | −$1,005 (-5.6%) | $16,995 – $16,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — January 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,150 | $2,338 | +$1,813 (+77.5%) |
| Studio | $4,000 | $2,338 | +$1,662 (+71.1%) |
| Studio | $3,200 | $2,338 | +$863 (+36.9%) |
| 1BR | $5,495 | $2,350 | +$3,145 (+133.8%) |
| 1BR | $5,895 | $2,350 | +$3,545 (+150.9%) |
| 1BR | $5,725 | $2,350 | +$3,375 (+143.6%) |
| 2BR | $7,125 | $2,885 | +$4,240 (+147.0%) |
| 2BR | $7,000 | $2,885 | +$4,115 (+142.6%) |
| 2BR | $10,073 | $2,885 | +$7,188 (+249.1%) |
| 3BR | $13,750 | $3,443 | +$10,307 (+299.3%) |
| 3BR | $12,000 | $3,443 | +$8,557 (+248.5%) |
| 3BR | $12,500 | $3,443 | +$9,057 (+263.0%) |
| 4BR | $9,997 | $4,000 | +$5,997 (+149.9%) |
| 4BR | $9,595 | $4,000 | +$5,595 (+139.9%) |
| 4BR | $16,995 | $4,000 | +$12,995 (+324.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.