Monthly Rent Report
Chelsea Rent Report — November 2024
Asking rents in ZIP 10011, New York City, from 26 listings.
Median 1BR rent in Chelsea was $4,200 in November 2024, down 39.4% (−$2,735) from October 2024 and down 12.4% year-over-year. The middle half of 1BR listings asked between $4,200 and $5,700. That puts Chelsea $1,750 above the New York City citywide 1BR median of $2,450. The month's figures are based on 26 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,600 | −$900 (-25.7%) | −$800 (-23.5%) | $2,600 – $2,600 | 5 |
| Studio | $2,650 | −$850 (-24.3%) | −$750 (-22.1%) | $2,650 – $2,650 | 2 |
| Studio | $5,220 | +$1,720 (+49.1%) | +$1,820 (+53.5%) | $5,158 – $5,283 | 2 |
| 1BR | $4,200 | −$2,735 (-39.4%) | −$595 (-12.4%) | $4,200 – $5,700 | 3 |
| 1BR | $4,325 | −$2,610 (-37.6%) | −$470 (-9.8%) | $3,163 – $5,488 | 2 |
| 1BR | $6,200 | −$735 (-10.6%) | +$1,405 (+29.3%) | $6,200 – $6,200 | 1 |
| 2BR | $8,841 | −$909 (-9.3%) | +$2,341 (+36.0%) | $8,841 – $8,841 | 1 |
| 3BR | $7,500 | −$1,500 (-16.7%) | −$3,450 (-31.5%) | $7,450 – $7,500 | 3 |
| 3BR | $8,750 | −$250 (-2.8%) | −$2,200 (-20.1%) | $8,750 – $8,750 | 1 |
| 4BR | $16,500 | +$4,000 (+32.0%) | +$6,000 (+57.1%) | $13,294 – $16,500 | 6 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — November 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,600 | $2,383 | +$217 (+9.1%) |
| Studio | $2,650 | $2,383 | +$267 (+11.2%) |
| Studio | $5,220 | $2,383 | +$2,837 (+119.1%) |
| 1BR | $4,200 | $2,450 | +$1,750 (+71.4%) |
| 1BR | $4,325 | $2,450 | +$1,875 (+76.5%) |
| 1BR | $6,200 | $2,450 | +$3,750 (+153.1%) |
| 2BR | $8,841 | $2,950 | +$5,891 (+199.7%) |
| 3BR | $7,500 | $3,600 | +$3,900 (+108.3%) |
| 3BR | $8,750 | $3,600 | +$5,150 (+143.1%) |
| 4BR | $16,500 | $4,375 | +$12,125 (+277.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2024.