Monthly Rent Report
Chelsea Rent Report — September 2024
Asking rents in ZIP 10011, New York City, from 59 listings.
Median 1BR rent in Chelsea was $6,998 in September 2024, down 6.1% (−$452) from August 2024 and up 42.8% year-over-year. The middle half of 1BR listings asked between $6,796 and $7,199. That puts Chelsea $4,605 above the New York City citywide 1BR median of $2,393. The month's figures are based on 59 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,050 | +$411 (+8.8%) | +$2,250 (+80.4%) | $5,050 – $5,050 | 1 |
| Studio | $4,700 | +$61 (+1.3%) | +$1,900 (+67.9%) | $4,700 – $4,700 | 1 |
| 1BR | $6,998 | −$452 (-6.1%) | +$2,098 (+42.8%) | $6,796 – $7,199 | 2 |
| 1BR | $6,550 | −$900 (-12.1%) | +$1,650 (+33.7%) | $6,525 – $6,575 | 2 |
| 2BR | $9,288 | +$473 (+5.4%) | −$702 (-7.0%) | $9,141 – $9,434 | 2 |
| 2BR | $8,350 | −$464 (-5.3%) | −$1,640 (-16.4%) | $8,350 – $8,350 | 1 |
| 3BR | $9,500 | +$303 (+3.3%) | +$3,000 (+46.2%) | $6,950 – $14,000 | 37 |
| 4BR | $14,995 | +$6,000 (+66.7%) | −$3,005 (-16.7%) | $8,495 – $14,995 | 13 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — September 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,050 | $2,369 | +$2,681 (+113.2%) |
| Studio | $4,700 | $2,369 | +$2,331 (+98.4%) |
| 1BR | $6,998 | $2,393 | +$4,605 (+192.4%) |
| 1BR | $6,550 | $2,393 | +$4,157 (+173.7%) |
| 2BR | $9,288 | $2,900 | +$6,388 (+220.3%) |
| 2BR | $8,350 | $2,900 | +$5,450 (+187.9%) |
| 3BR | $9,500 | $3,598 | +$5,903 (+164.1%) |
| 4BR | $14,995 | $4,295 | +$10,700 (+249.1%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in September 2024.