Monthly Rent Report
Chelsea Rent Report — May 2025
Asking rents in ZIP 10011, New York City, from 294 listings.
Median 1BR rent in Chelsea was $6,950 in May 2025, down 0.9% (−$62) from April 2025 and up 25.0% year-over-year. The middle half of 1BR listings asked between $5,695 and $7,960. That puts Chelsea $4,109 above the New York City citywide 1BR median of $2,841. The month's figures are based on 294 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2025 | Vs. May 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,326 | −$1,119 (-20.6%) | −$596 (-12.1%) | $4,289 – $4,365 | 3 |
| Studio | $3,900 | −$1,545 (-28.4%) | −$1,022 (-20.8%) | $3,750 – $4,691 | 28 |
| Studio | $4,955 | −$490 (-9.0%) | +$33 (+0.7%) | $4,600 – $5,620 | 8 |
| 1BR | $6,950 | −$62 (-0.9%) | +$1,388 (+25.0%) | $5,695 – $7,960 | 11 |
| 1BR | $7,270 | +$258 (+3.7%) | +$1,708 (+30.7%) | $7,270 – $7,270 | 1 |
| 1BR | $6,057 | −$955 (-13.6%) | +$495 (+8.9%) | $5,752 – $6,332 | 181 |
| 2BR | $9,105 | +$201 (+2.3%) | +$2,305 (+33.9%) | $8,860 – $9,349 | 2 |
| 2BR | $9,000 | +$96 (+1.1%) | +$2,200 (+32.4%) | $9,000 – $9,454 | 32 |
| 2BR | $9,795 | +$891 (+10.0%) | +$2,995 (+44.0%) | $9,795 – $9,795 | 1 |
| 3BR | $7,495 | −$2,000 (-21.1%) | −$8,455 (-53.0%) | $7,495 – $7,495 | 1 |
| 3BR | $12,000 | +$2,505 (+26.4%) | −$3,950 (-24.8%) | $10,000 – $12,000 | 19 |
| 4BR | $9,995 | −$3,005 (-23.1%) | −$4,505 (-31.1%) | $9,495 – $12,248 | 3 |
| 4BR | $9,098 | −$3,902 (-30.0%) | −$5,402 (-37.3%) | $9,046 – $9,149 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2025. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — May 2025
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,326 | $2,799 | +$1,527 (+54.6%) |
| Studio | $3,900 | $2,799 | +$1,101 (+39.3%) |
| Studio | $4,955 | $2,799 | +$2,156 (+77.0%) |
| 1BR | $6,950 | $2,841 | +$4,109 (+144.7%) |
| 1BR | $7,270 | $2,841 | +$4,429 (+155.9%) |
| 1BR | $6,057 | $2,841 | +$3,216 (+113.2%) |
| 2BR | $9,105 | $3,263 | +$5,842 (+179.1%) |
| 2BR | $9,000 | $3,263 | +$5,738 (+175.9%) |
| 2BR | $9,795 | $3,263 | +$6,533 (+200.2%) |
| 3BR | $7,495 | $3,777 | +$3,718 (+98.4%) |
| 3BR | $12,000 | $3,777 | +$8,223 (+217.7%) |
| 4BR | $9,995 | $4,345 | +$5,650 (+130.0%) |
| 4BR | $9,098 | $4,345 | +$4,753 (+109.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in May 2025.