Monthly Rent Report
Chelsea Rent Report — April 2024
Asking rents in ZIP 10011, New York City, from 963 listings.
Median 1BR rent in Chelsea was $6,350 in April 2024, down 2.3% (−$150) from March 2024 and down 24.5% year-over-year. The middle half of 1BR listings asked between $5,775 and $6,425. That puts Chelsea $3,850 above the New York City citywide 1BR median of $2,500. The month's figures are based on 963 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,850 | −$1,050 (-21.4%) | +$403 (+11.7%) | $3,200 – $4,466 | 101 |
| Studio | $4,965 | +$65 (+1.3%) | +$1,518 (+44.0%) | $4,965 – $4,965 | 1 |
| Studio | $3,700 | −$1,200 (-24.5%) | +$253 (+7.3%) | $3,200 – $4,451 | 81 |
| 1BR | $6,350 | −$150 (-2.3%) | −$2,062 (-24.5%) | $5,775 – $6,425 | 3 |
| 1BR | $5,354 | −$1,146 (-17.6%) | −$3,058 (-36.4%) | $5,117 – $6,021 | 306 |
| 1BR | $5,097 | −$1,403 (-21.6%) | −$3,316 (-39.4%) | $3,995 – $6,500 | 144 |
| 2BR | $7,500 | −$860 (-10.3%) | −$347 (-4.4%) | $5,750 – $10,750 | 93 |
| 2BR | $7,888 | −$472 (-5.6%) | +$41 (+0.5%) | $6,325 – $8,381 | 96 |
| 2BR | $4,845 | −$3,515 (-42.0%) | −$3,002 (-38.3%) | $4,795 – $7,293 | 6 |
| 3BR | $5,495 | −$2,000 (-26.7%) | −$3,602 (-39.6%) | $5,495 – $5,495 | 1 |
| 3BR | $9,745 | +$2,250 (+30.0%) | +$648 (+7.1%) | $6,999 – $12,500 | 48 |
| 3BR | $7,900 | +$405 (+5.4%) | −$1,197 (-13.2%) | $6,674 – $10,000 | 34 |
| 4BR | $14,000 | +$3,773 (+36.9%) | +$6,800 (+94.4%) | $9,100 – $16,995 | 12 |
| 4BR | $9,500 | −$727 (-7.1%) | +$2,300 (+31.9%) | $9,048 – $14,748 | 11 |
| 4BR | $12,238 | +$2,010 (+19.7%) | +$5,038 (+70.0%) | $9,074 – $16,995 | 16 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — April 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,850 | $2,491 | +$1,359 (+54.6%) |
| Studio | $4,965 | $2,491 | +$2,474 (+99.3%) |
| Studio | $3,700 | $2,491 | +$1,209 (+48.5%) |
| 1BR | $6,350 | $2,500 | +$3,850 (+154.0%) |
| 1BR | $5,354 | $2,500 | +$2,854 (+114.2%) |
| 1BR | $5,097 | $2,500 | +$2,597 (+103.9%) |
| 2BR | $7,500 | $2,995 | +$4,505 (+150.4%) |
| 2BR | $7,888 | $2,995 | +$4,893 (+163.4%) |
| 2BR | $4,845 | $2,995 | +$1,850 (+61.8%) |
| 3BR | $5,495 | $3,500 | +$1,995 (+57.0%) |
| 3BR | $9,745 | $3,500 | +$6,245 (+178.4%) |
| 3BR | $7,900 | $3,500 | +$4,400 (+125.7%) |
| 4BR | $14,000 | $4,270 | +$9,730 (+227.9%) |
| 4BR | $9,500 | $4,270 | +$5,230 (+122.5%) |
| 4BR | $12,238 | $4,270 | +$7,968 (+186.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.