Monthly Rent Report
Chelsea Rent Report — June 2024
Asking rents in ZIP 10011, New York City, from 1,760 listings.
Median 1BR rent in Chelsea was $5,198 in June 2024, down 6.6% (−$364) from May 2024 and down 23.5% year-over-year. The middle half of 1BR listings asked between $4,400 and $6,495. That puts Chelsea $2,748 above the New York City citywide 1BR median of $2,450. The month's figures are based on 1,760 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,895 | −$1,027 (-20.9%) | −$352 (-8.3%) | $3,500 – $4,600 | 151 |
| Studio | $4,075 | −$847 (-17.2%) | −$172 (-4.1%) | $3,300 – $4,876 | 173 |
| Studio | $4,998 | +$75 (+1.5%) | +$750 (+17.7%) | $4,996 – $4,999 | 2 |
| 1BR | $5,198 | −$364 (-6.6%) | −$1,600 (-23.5%) | $4,400 – $6,495 | 216 |
| 1BR | $5,684 | +$122 (+2.2%) | −$1,113 (-16.4%) | $5,502 – $6,000 | 733 |
| 1BR | $6,360 | +$798 (+14.3%) | −$437 (-6.4%) | $6,280 – $6,440 | 2 |
| 2BR | $8,321 | +$1,521 (+22.4%) | −$51 (-0.6%) | $6,475 – $8,791 | 164 |
| 2BR | $8,173 | +$1,373 (+20.2%) | −$199 (-2.4%) | $8,084 – $8,261 | 2 |
| 2BR | $8,650 | +$1,850 (+27.2%) | +$278 (+3.3%) | $6,400 – $12,000 | 154 |
| 3BR | $8,500 | −$7,450 (-46.7%) | −$2,850 (-25.1%) | $7,225 – $11,250 | 43 |
| 3BR | $13,000 | −$2,950 (-18.5%) | +$1,650 (+14.5%) | $7,461 – $15,950 | 66 |
| 3BR | $8,600 | −$7,350 (-46.1%) | −$2,750 (-24.2%) | $8,600 – $8,600 | 1 |
| 4BR | $14,995 | +$495 (+3.4%) | −$1,580 (-9.5%) | $9,213 – $16,871 | 18 |
| 4BR | $16,500 | +$2,000 (+13.8%) | −$75 (-0.5%) | $12,198 – $16,500 | 11 |
| 4BR | $12,198 | −$2,302 (-15.9%) | −$4,377 (-26.4%) | $8,500 – $16,995 | 10 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — June 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,895 | $2,440 | +$1,455 (+59.6%) |
| Studio | $4,075 | $2,440 | +$1,635 (+67.0%) |
| Studio | $4,998 | $2,440 | +$2,558 (+104.8%) |
| 1BR | $5,198 | $2,450 | +$2,748 (+112.1%) |
| 1BR | $5,684 | $2,450 | +$3,234 (+132.0%) |
| 1BR | $6,360 | $2,450 | +$3,910 (+159.6%) |
| 2BR | $8,321 | $2,900 | +$5,421 (+186.9%) |
| 2BR | $8,173 | $2,900 | +$5,273 (+181.8%) |
| 2BR | $8,650 | $2,900 | +$5,750 (+198.3%) |
| 3BR | $8,500 | $3,600 | +$4,900 (+136.1%) |
| 3BR | $13,000 | $3,600 | +$9,400 (+261.1%) |
| 3BR | $8,600 | $3,600 | +$5,000 (+138.9%) |
| 4BR | $14,995 | $4,256 | +$10,739 (+252.3%) |
| 4BR | $16,500 | $4,256 | +$12,244 (+287.7%) |
| 4BR | $12,198 | $4,256 | +$7,941 (+186.6%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in June 2024.