Monthly Rent Report
Chelsea Rent Report — February 2024
Asking rents in ZIP 10011, New York City, from 706 listings.
Median 1BR rent in Chelsea was $5,700 in February 2024, up 3.7% (+$205) from January 2024 and down 3.6% year-over-year. The middle half of 1BR listings asked between $4,623 and $6,595. That puts Chelsea $3,250 above the New York City citywide 1BR median of $2,450. The month's figures are based on 706 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,800 | −$199 (-5.0%) | −$176 (-4.4%) | $3,150 – $4,595 | 81 |
| Studio | $3,300 | −$699 (-17.5%) | −$676 (-17.0%) | $2,695 – $3,900 | 65 |
| Studio | $2,499 | −$1,500 (-37.5%) | −$1,477 (-37.2%) | $2,499 – $2,499 | 2 |
| 1BR | $5,700 | +$205 (+3.7%) | −$211 (-3.6%) | $4,623 – $6,595 | 179 |
| 1BR | $7,275 | +$1,780 (+32.4%) | +$1,364 (+23.1%) | $7,275 – $7,275 | 1 |
| 1BR | $5,109 | −$386 (-7.0%) | −$802 (-13.6%) | $4,200 – $5,528 | 104 |
| 2BR | $8,400 | +$1,400 (+20.0%) | +$25 (+0.3%) | $6,759 – $9,800 | 71 |
| 2BR | $9,150 | +$2,150 (+30.7%) | +$775 (+9.3%) | $9,150 – $9,150 | 1 |
| 2BR | $8,950 | +$1,950 (+27.9%) | +$575 (+6.9%) | $5,975 – $10,748 | 103 |
| 3BR | $7,798 | −$4,702 (-37.6%) | −$3,702 (-32.2%) | $7,050 – $15,688 | 34 |
| 3BR | $12,950 | +$450 (+3.6%) | +$1,450 (+12.6%) | $12,450 – $13,450 | 2 |
| 3BR | $11,500 | −$1,000 (-8.0%) | $0 (0.0%) | $7,495 – $16,995 | 37 |
| 4BR | $10,500 | +$503 (+5.0%) | −$7,225 (-40.8%) | $8,750 – $10,500 | 10 |
| 4BR | $9,748 | −$249 (-2.5%) | −$7,977 (-45.0%) | $9,500 – $11,746 | 4 |
| 4BR | $10,249 | +$252 (+2.5%) | −$7,476 (-42.2%) | $9,996 – $10,500 | 10 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — February 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,800 | $2,359 | +$1,441 (+61.1%) |
| Studio | $3,300 | $2,359 | +$941 (+39.9%) |
| Studio | $2,499 | $2,359 | +$140 (+5.9%) |
| 1BR | $5,700 | $2,450 | +$3,250 (+132.7%) |
| 1BR | $7,275 | $2,450 | +$4,825 (+196.9%) |
| 1BR | $5,109 | $2,450 | +$2,659 (+108.5%) |
| 2BR | $8,400 | $2,979 | +$5,421 (+182.0%) |
| 2BR | $9,150 | $2,979 | +$6,171 (+207.2%) |
| 2BR | $8,950 | $2,979 | +$5,971 (+200.4%) |
| 3BR | $7,798 | $3,500 | +$4,298 (+122.8%) |
| 3BR | $12,950 | $3,500 | +$9,450 (+270.0%) |
| 3BR | $11,500 | $3,500 | +$8,000 (+228.6%) |
| 4BR | $10,500 | $4,148 | +$6,353 (+153.2%) |
| 4BR | $9,748 | $4,148 | +$5,601 (+135.0%) |
| 4BR | $10,249 | $4,148 | +$6,101 (+147.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.