Monthly Rent Report
Chelsea Rent Report — March 2025
Asking rents in ZIP 10011, New York City, from 1,268 listings.
Median 1BR rent in Chelsea was $6,950 in March 2025, up 19.5% (+$1,132) from February 2025 and up 28.3% year-over-year. The middle half of 1BR listings asked between $6,650 and $7,425. That puts Chelsea $4,450 above the New York City citywide 1BR median of $2,500. The month's figures are based on 1,268 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2025 | Vs. March 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,150 | −$719 (-12.3%) | +$250 (+5.1%) | $5,020 – $5,843 | 12 |
| Studio | $4,313 | −$1,556 (-26.5%) | −$587 (-12.0%) | $3,550 – $5,024 | 171 |
| Studio | $4,675 | −$1,194 (-20.4%) | −$225 (-4.6%) | $4,625 – $4,724 | 2 |
| 1BR | $6,950 | +$1,132 (+19.5%) | +$1,534 (+28.3%) | $6,650 – $7,425 | 17 |
| 1BR | $6,495 | +$677 (+11.6%) | +$1,079 (+19.9%) | $6,495 – $6,495 | 1 |
| 1BR | $5,870 | +$52 (+0.9%) | +$454 (+8.4%) | $5,581 – $6,150 | 782 |
| 2BR | $8,904 | $0 (0.0%) | +$1,016 (+12.9%) | $7,700 – $9,456 | 204 |
| 2BR | $9,865 | +$961 (+10.8%) | +$1,977 (+25.1%) | $9,865 – $9,865 | 1 |
| 2BR | $12,000 | +$3,096 (+34.8%) | +$4,112 (+52.1%) | $10,948 – $13,625 | 3 |
| 3BR | $7,995 | +$795 (+11.0%) | −$4,005 (-33.4%) | $6,995 – $10,000 | 33 |
| 3BR | $7,932 | +$732 (+10.2%) | −$4,068 (-33.9%) | $7,053 – $9,998 | 30 |
| 4BR | $9,645 | −$6,855 (-41.5%) | −$7,855 (-44.9%) | $9,074 – $14,499 | 6 |
| 4BR | $9,645 | −$6,855 (-41.5%) | −$7,855 (-44.9%) | $9,074 – $14,499 | 6 |
Median, P25, and P75 are asking rents from listings posted in March 2025. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — March 2025
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,150 | $2,514 | +$2,637 (+104.9%) |
| Studio | $4,313 | $2,514 | +$1,800 (+71.6%) |
| Studio | $4,675 | $2,514 | +$2,161 (+86.0%) |
| 1BR | $6,950 | $2,500 | +$4,450 (+178.0%) |
| 1BR | $6,495 | $2,500 | +$3,995 (+159.8%) |
| 1BR | $5,870 | $2,500 | +$3,370 (+134.8%) |
| 2BR | $8,904 | $2,938 | +$5,967 (+203.1%) |
| 2BR | $9,865 | $2,938 | +$6,928 (+235.8%) |
| 2BR | $12,000 | $2,938 | +$9,063 (+308.5%) |
| 3BR | $7,995 | $3,600 | +$4,395 (+122.1%) |
| 3BR | $7,932 | $3,600 | +$4,332 (+120.3%) |
| 4BR | $9,645 | $4,400 | +$5,245 (+119.2%) |
| 4BR | $9,645 | $4,400 | +$5,245 (+119.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2025.