Monthly Rent Report
Chelsea Rent Report — February 2025
Asking rents in ZIP 10011, New York City, from 515 listings.
Median 1BR rent in Chelsea was $5,818 in February 2025, down 14.4% (−$977) from January 2025 and up 13.9% year-over-year. The middle half of 1BR listings asked between $5,520 and $5,912. That puts Chelsea $3,341 above the New York City citywide 1BR median of $2,478. The month's figures are based on 515 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2025 | Vs. February 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,050 | +$748 (+17.4%) | +$1,250 (+32.9%) | $4,741 – $5,323 | 3 |
| Studio | $4,360 | +$58 (+1.3%) | +$560 (+14.7%) | $3,745 – $5,050 | 89 |
| Studio | $5,869 | +$1,567 (+36.4%) | +$2,069 (+54.4%) | $5,856 – $5,882 | 2 |
| 1BR | $5,818 | −$977 (-14.4%) | +$709 (+13.9%) | $5,520 – $5,912 | 294 |
| 1BR | $7,701 | +$906 (+13.3%) | +$2,592 (+50.7%) | $7,303 – $8,098 | 2 |
| 1BR | $6,795 | $0 (0.0%) | +$1,686 (+33.0%) | $5,791 – $7,075 | 13 |
| 2BR | $8,495 | −$5 (-0.1%) | −$455 (-5.1%) | $8,495 – $8,495 | 1 |
| 2BR | $8,904 | +$404 (+4.8%) | −$46 (-0.5%) | $6,725 – $9,414 | 84 |
| 3BR | $7,200 | −$295 (-3.9%) | −$4,300 (-37.4%) | $6,250 – $8,000 | 6 |
| 3BR | $8,000 | +$505 (+6.7%) | −$3,500 (-30.4%) | $6,400 – $13,000 | 17 |
| 4BR | $16,500 | +$6,310 (+61.9%) | +$6,252 (+61.0%) | $16,500 – $16,500 | 1 |
| 4BR | $16,500 | +$6,310 (+61.9%) | +$6,252 (+61.0%) | $15,748 – $16,500 | 3 |
Median, P25, and P75 are asking rents from listings posted in February 2025. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — February 2025
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,050 | $2,566 | +$2,485 (+96.8%) |
| Studio | $4,360 | $2,566 | +$1,795 (+69.9%) |
| Studio | $5,869 | $2,566 | +$3,304 (+128.8%) |
| 1BR | $5,818 | $2,478 | +$3,341 (+134.8%) |
| 1BR | $7,701 | $2,478 | +$5,223 (+210.8%) |
| 1BR | $6,795 | $2,478 | +$4,318 (+174.3%) |
| 2BR | $8,495 | $3,000 | +$5,495 (+183.2%) |
| 2BR | $8,904 | $3,000 | +$5,904 (+196.8%) |
| 3BR | $7,200 | $3,600 | +$3,600 (+100.0%) |
| 3BR | $8,000 | $3,600 | +$4,400 (+122.2%) |
| 4BR | $16,500 | $4,200 | +$12,300 (+292.9%) |
| 4BR | $16,500 | $4,200 | +$12,300 (+292.9%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in February 2025.