Monthly Rent Report
Chelsea Rent Report — July 2024
Asking rents in ZIP 10011, New York City, from 592 listings.
Median 1BR rent in Chelsea was $5,733 in July 2024, up 0.9% (+$49) from June 2024 and down 0.2% year-over-year. The middle half of 1BR listings asked between $4,798 and $6,525. That puts Chelsea $3,233 above the New York City citywide 1BR median of $2,500. The month's figures are based on 592 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,500 | −$497 (-10.0%) | +$242 (+5.7%) | $3,750 – $5,045 | 39 |
| Studio | $2,438 | −$2,560 (-51.2%) | −$1,820 (-42.8%) | $2,406 – $2,469 | 2 |
| Studio | $5,145 | +$148 (+3.0%) | +$887 (+20.8%) | $5,070 – $5,220 | 2 |
| 1BR | $5,733 | +$49 (+0.9%) | −$11 (-0.2%) | $4,798 – $6,525 | 55 |
| 1BR | $5,694 | +$10 (+0.2%) | −$50 (-0.9%) | $5,519 – $5,925 | 328 |
| 1BR | $6,635 | +$951 (+16.7%) | +$891 (+15.5%) | $6,500 – $6,928 | 4 |
| 2BR | $8,321 | $0 (0.0%) | −$1,306 (-13.6%) | $8,171 – $8,735 | 86 |
| 2BR | $7,995 | −$326 (-3.9%) | −$1,632 (-17.0%) | $6,698 – $8,545 | 3 |
| 2BR | $7,695 | −$626 (-7.5%) | −$1,932 (-20.1%) | $6,000 – $10,279 | 31 |
| 3BR | $7,375 | −$5,625 (-43.3%) | +$1,980 (+36.7%) | $6,870 – $8,660 | 8 |
| 3BR | $8,450 | −$4,550 (-35.0%) | +$3,055 (+56.6%) | $7,725 – $8,700 | 7 |
| 3BR | $7,623 | −$5,377 (-41.4%) | +$2,228 (+41.3%) | $7,250 – $9,575 | 14 |
| 4BR | $11,995 | −$3,000 (-20.0%) | +$995 (+9.0%) | $8,621 – $16,121 | 4 |
| 4BR | $7,000 | −$7,995 (-53.3%) | −$4,000 (-36.4%) | $7,000 – $7,000 | 1 |
| 4BR | $16,500 | +$1,505 (+10.0%) | +$5,500 (+50.0%) | $14,995 – $16,500 | 5 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — July 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,500 | $2,800 | +$1,700 (+60.7%) |
| Studio | $2,438 | $2,800 | −$362 (-12.9%) |
| Studio | $5,145 | $2,800 | +$2,345 (+83.8%) |
| 1BR | $5,733 | $2,500 | +$3,233 (+129.3%) |
| 1BR | $5,694 | $2,500 | +$3,194 (+127.8%) |
| 1BR | $6,635 | $2,500 | +$4,135 (+165.4%) |
| 2BR | $8,321 | $3,000 | +$5,321 (+177.4%) |
| 2BR | $7,995 | $3,000 | +$4,995 (+166.5%) |
| 2BR | $7,695 | $3,000 | +$4,695 (+156.5%) |
| 3BR | $7,375 | $3,606 | +$3,769 (+104.5%) |
| 3BR | $8,450 | $3,606 | +$4,844 (+134.3%) |
| 3BR | $7,623 | $3,606 | +$4,017 (+111.4%) |
| 4BR | $11,995 | $4,500 | +$7,495 (+166.6%) |
| 4BR | $7,000 | $4,500 | +$2,500 (+55.6%) |
| 4BR | $16,500 | $4,500 | +$12,000 (+266.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.