Rental market snapshot for Chelsea, Manhattan
Chelsea rental market summary
The rental market in Chelsea, New York is showing signs of growth. In July 2023, there were 790 new listings, a 5.0% increase from the previous month. This suggests that the rental market is becoming more active. The median rent in July 2023 was $5,717, a 1.4% increase from the same time last year. This indicates that rental prices are slowly increasing, but not at an alarming rate.
Overall, the rental market in Chelsea, New York is showing signs of growth. The number of new listings is increasing, and rental prices are slowly rising. This suggests that the rental market in Chelsea is becoming more active and competitive. It is likely that the rental market will continue to grow in the coming months.
Median rent for all residential properties in Chelsea
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The most expensive listings and top trending buildings in Chelsea
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
55 W 17th St | $19,500 | 3 / 2.5 |
410 W 24th St | $19,000 | 2 / 2.5 |
161 W 16th St | $18,500 | 2 / 2.0 |
121 W 19th St | $18,000 | 4 / 3.5 |
201 W 17th St | $18,000 | 3 / 2.5 |
Top Trending Buildings
building name | avg rent price |
---|---|
Zillow | $5,000 |
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Bedroom Breakdown in Chelsea
Chelsea neighborhood apartments rents
The rental market for studios in Chelsea, New York is showing signs of stability. In May 2023, there was only one new studio listing, indicating that the market is not experiencing a surge in demand. The median rent for studios in May 2023 was $4,000, which is 8.5% lower than the median rent in April 2023. This suggests that the rental market is not experiencing significant inflation, and that prices are staying relatively stable.
The rental market for 1-bedroom apartments in Chelsea, New York is showing signs of stability. In May 2023, there was only one new listing, indicating that the market is not experiencing a surge in demand. The median rent for 1-bedroom apartments in May 2023 was $5,000, which is 13.5% lower than the median rent in April 2023. This suggests that the market is not experiencing significant inflationary pressures. Overall, the rental market for 1-bedroom apartments in Chelsea, New York appears to be stable.
The rental market for 2-bedroom apartments in Chelsea, New York is showing signs of growth. In April 2023, there were two new 2-bedroom listings, indicating an increase in demand for larger apartments. The median rent for 2-bedroom apartments in April 2023 was $7,956, a 3.3% increase from the median rent in March 2023. This suggests that the rental market for 2-bedroom apartments in Chelsea is becoming more competitive, with landlords able to increase their prices due to the increased demand.