Monthly Rent Report
Chelsea Rent Report — March 2024
Asking rents in ZIP 10011, New York City, from 430 listings.
Median 1BR rent in Chelsea was $5,416 in March 2024, up 6.0% (+$307) from February 2024 and down 0.2% year-over-year. The middle half of 1BR listings asked between $5,157 and $5,666. That puts Chelsea $2,917 above the New York City citywide 1BR median of $2,499. The month's figures are based on 430 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,890 | +$90 (+2.4%) | −$384 (-9.0%) | $3,250 – $4,495 | 39 |
| Studio | $4,495 | +$695 (+18.3%) | +$221 (+5.2%) | $4,495 – $4,495 | 2 |
| Studio | $4,900 | +$1,100 (+28.9%) | +$626 (+14.6%) | $4,900 – $4,900 | 2 |
| 1BR | $5,416 | +$307 (+6.0%) | −$13 (-0.2%) | $5,157 – $5,666 | 201 |
| 1BR | $4,550 | −$559 (-10.9%) | −$879 (-16.2%) | $4,550 – $4,550 | 1 |
| 1BR | $6,500 | +$1,391 (+27.2%) | +$1,071 (+19.7%) | $6,500 – $6,500 | 1 |
| 2BR | $7,888 | −$512 (-6.1%) | +$938 (+13.5%) | $7,638 – $8,381 | 71 |
| 2BR | $9,450 | +$1,050 (+12.5%) | +$2,500 (+36.0%) | $9,450 – $9,450 | 1 |
| 2BR | $8,360 | −$40 (-0.5%) | +$1,410 (+20.3%) | $6,050 – $10,734 | 46 |
| 3BR | $12,000 | +$4,203 (+53.9%) | −$2,700 (-18.4%) | $7,625 – $16,900 | 22 |
| 3BR | $6,495 | −$1,302 (-16.7%) | −$8,205 (-55.8%) | $6,495 – $6,495 | 1 |
| 3BR | $7,495 | −$302 (-3.9%) | −$7,205 (-49.0%) | $6,948 – $10,975 | 19 |
| 4BR | $9,625 | −$623 (-6.1%) | +$1,130 (+13.3%) | $8,688 – $12,124 | 4 |
| 4BR | $17,500 | +$7,252 (+70.8%) | +$9,005 (+106.0%) | $15,313 – $17,500 | 4 |
| 4BR | $10,228 | −$21 (-0.2%) | +$1,733 (+20.4%) | $9,384 – $16,995 | 12 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — March 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,890 | $2,450 | +$1,440 (+58.8%) |
| Studio | $4,495 | $2,450 | +$2,045 (+83.5%) |
| Studio | $4,900 | $2,450 | +$2,450 (+100.0%) |
| 1BR | $5,416 | $2,499 | +$2,917 (+116.7%) |
| 1BR | $4,550 | $2,499 | +$2,051 (+82.1%) |
| 1BR | $6,500 | $2,499 | +$4,001 (+160.1%) |
| 2BR | $7,888 | $2,995 | +$4,894 (+163.4%) |
| 2BR | $9,450 | $2,995 | +$6,456 (+215.6%) |
| 2BR | $8,360 | $2,995 | +$5,366 (+179.2%) |
| 3BR | $12,000 | $3,500 | +$8,500 (+242.9%) |
| 3BR | $6,495 | $3,500 | +$2,995 (+85.6%) |
| 3BR | $7,495 | $3,500 | +$3,995 (+114.1%) |
| 4BR | $9,625 | $4,250 | +$5,376 (+126.5%) |
| 4BR | $17,500 | $4,250 | +$13,251 (+311.8%) |
| 4BR | $10,228 | $4,250 | +$5,978 (+140.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.