Monthly Rent Report
Chelsea Rent Report — August 2024
Asking rents in ZIP 10011, New York City, from 22 listings.
Median 1BR rent in Chelsea was $7,450 in August 2024, up 12.3% (+$815) from July 2024 and up 41.9% year-over-year. The middle half of 1BR listings asked between $6,873 and $7,795. That puts Chelsea $5,060 above the New York City citywide 1BR median of $2,390. The month's figures are based on 22 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,640 | +$140 (+3.1%) | +$1,715 (+58.6%) | $4,517 – $4,762 | 2 |
| 1BR | $7,450 | +$815 (+12.3%) | +$2,200 (+41.9%) | $6,873 – $7,795 | 3 |
| 2BR | $8,815 | +$494 (+5.9%) | +$969 (+12.3%) | $8,592 – $9,443 | 4 |
| 3BR | $9,198 | +$1,575 (+20.7%) | +$1,703 (+22.7%) | $5,809 – $12,621 | 10 |
| 4BR | $8,995 | +$1,995 (+28.5%) | −$9,005 (-50.0%) | $8,148 – $11,998 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — August 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,640 | $2,500 | +$2,140 (+85.6%) |
| 1BR | $7,450 | $2,390 | +$5,060 (+211.7%) |
| 2BR | $8,815 | $2,900 | +$5,915 (+204.0%) |
| 3BR | $9,198 | $3,603 | +$5,595 (+155.3%) |
| 4BR | $8,995 | $4,225 | +$4,770 (+112.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.