Monthly Rent Report
Chelsea Rent Report — December 2024
Asking rents in ZIP 10011, New York City, from 86 listings.
Median 1BR rent in Chelsea was $7,995 in December 2024, up 29.0% (+$1,795) from November 2024 and up 47.2% year-over-year. The middle half of 1BR listings asked between $7,995 and $7,995. That puts Chelsea $5,516 above the New York City citywide 1BR median of $2,480. The month's figures are based on 86 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,935 | +$1,335 (+51.3%) | +$535 (+15.7%) | $3,745 – $3,950 | 21 |
| Studio | $4,550 | +$1,950 (+75.0%) | +$1,150 (+33.8%) | $4,500 – $4,600 | 2 |
| 1BR | $7,995 | +$1,795 (+29.0%) | +$2,565 (+47.2%) | $7,995 – $7,995 | 1 |
| 1BR | $5,125 | −$1,075 (-17.3%) | −$305 (-5.6%) | $4,759 – $5,368 | 34 |
| 2BR | $9,150 | +$309 (+3.5%) | +$750 (+8.9%) | $9,150 – $9,150 | 1 |
| 2BR | $7,410 | −$1,431 (-16.2%) | −$990 (-11.8%) | $7,410 – $7,410 | 12 |
| 3BR | $18,000 | +$10,500 (+140.0%) | +$500 (+2.9%) | $12,748 – $18,000 | 3 |
| 3BR | $18,000 | +$10,500 (+140.0%) | +$500 (+2.9%) | $12,748 – $18,000 | 3 |
| 4BR | $16,000 | −$500 (-3.0%) | +$6,753 (+73.0%) | $12,000 – $16,500 | 9 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — December 2024
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,935 | $2,525 | +$1,410 (+55.8%) |
| Studio | $4,550 | $2,525 | +$2,025 (+80.2%) |
| 1BR | $7,995 | $2,480 | +$5,516 (+222.4%) |
| 1BR | $5,125 | $2,480 | +$2,646 (+106.7%) |
| 2BR | $9,150 | $2,975 | +$6,175 (+207.6%) |
| 2BR | $7,410 | $2,975 | +$4,435 (+149.1%) |
| 3BR | $18,000 | $3,546 | +$14,455 (+407.7%) |
| 3BR | $18,000 | $3,546 | +$14,455 (+407.7%) |
| 4BR | $16,000 | $4,150 | +$11,850 (+285.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.