Monthly Rent Report
Chelsea Rent Report — October 2024
Asking rents in ZIP 10011, New York City, from 31 listings.
Median 1BR rent in Chelsea was $6,935 in October 2024, down 0.9% (−$62) from September 2024 and up 25.9% year-over-year. The middle half of 1BR listings asked between $6,865 and $7,005. That puts Chelsea $4,629 above the New York City citywide 1BR median of $2,306. The month's figures are based on 31 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,140 | −$1,560 (-33.2%) | −$307 (-8.9%) | $3,075 – $3,204 | 8 |
| Studio | $3,500 | −$1,200 (-25.5%) | +$53 (+1.5%) | $3,500 – $3,500 | 1 |
| Studio | $4,398 | −$302 (-6.4%) | +$951 (+27.6%) | $4,275 – $4,497 | 3 |
| 1BR | $6,935 | −$62 (-0.9%) | +$1,425 (+25.9%) | $6,865 – $7,005 | 2 |
| 1BR | $3,495 | −$3,502 (-50.1%) | −$2,015 (-36.6%) | $3,495 – $3,495 | 1 |
| 2BR | $8,095 | −$255 (-3.1%) | −$213 (-2.6%) | $8,045 – $8,145 | 2 |
| 2BR | $9,750 | +$1,400 (+16.8%) | +$1,442 (+17.3%) | $8,300 – $9,750 | 5 |
| 3BR | $7,495 | −$2,005 (-21.1%) | +$1,000 (+15.4%) | $7,495 – $7,495 | 1 |
| 3BR | $9,000 | −$500 (-5.3%) | +$2,505 (+38.6%) | $8,348 – $9,750 | 3 |
| 3BR | $8,450 | −$1,050 (-11.1%) | +$1,955 (+30.1%) | $8,450 – $8,450 | 1 |
| 4BR | $12,500 | −$2,495 (-16.6%) | +$2,000 (+19.0%) | $12,500 – $12,500 | 2 |
| 4BR | $12,500 | −$2,495 (-16.6%) | +$2,000 (+19.0%) | $12,500 – $12,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — October 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,140 | $2,550 | +$590 (+23.1%) |
| Studio | $3,500 | $2,550 | +$950 (+37.3%) |
| Studio | $4,398 | $2,550 | +$1,848 (+72.5%) |
| 1BR | $6,935 | $2,306 | +$4,629 (+200.7%) |
| 1BR | $3,495 | $2,306 | +$1,189 (+51.5%) |
| 2BR | $8,095 | $2,914 | +$5,182 (+177.8%) |
| 2BR | $9,750 | $2,914 | +$6,837 (+234.6%) |
| 3BR | $7,495 | $3,519 | +$3,976 (+113.0%) |
| 3BR | $9,000 | $3,519 | +$5,481 (+155.8%) |
| 3BR | $8,450 | $3,519 | +$4,931 (+140.1%) |
| 4BR | $12,500 | $4,100 | +$8,400 (+204.9%) |
| 4BR | $12,500 | $4,100 | +$8,400 (+204.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.