Rental market snapshot for Chelsea, New York

Chelsea rental market summary

The rental market in Chelsea, New York is showing signs of growth. In July 2023, there were 139 new listings, a significant increase from the previous month. The median rent for the area also increased from $5,115 in June 2023 to $5,194 in July 2023, representing a 1.5% increase. This is also a 1.6% increase from the median rent in July 2022, indicating that the rental market in Chelsea is continuing to grow.

Overall, the rental market in Chelsea is looking positive. With more new listings and a steady increase in median rent, it is a great time to invest in the area. With the right strategy, investors can take advantage of the current market conditions and find a great rental property in Chelsea.

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

AddressRent PriceBed / Bath
435 W 31st St$14,0703 / 2.0
435 W 31st St$10,5702 / 2.0
435 W 31st St$10,3002 / 2.0
160 W 24th St$9,7662 / 2.0
160 W 24th St$9,7132 / 2.0

Top Trending Buildings

building nameavg rent price
GIG$5,721

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Bedroom Breakdown in Chelsea

Studio
$4,262
MEDIAN RENT
1 Bedroom
$5,426
MEDIAN RENT
2 Bedroom
$8,630
MEDIAN RENT

Chelsea neighborhood apartments rents

The rental market for studios in Chelsea, New York is showing signs of stability. In July 2023, there were 20 new studio listings, with the median rent for studios at $4,262. This is a slight decrease of 2.4% from the median rent in June 2023, which was $4,365. This suggests that the rental market for studios in Chelsea is relatively stable, with only a small decrease in rent from month to month.

The rental market for 1-bedroom apartments in Chelsea, New York is showing signs of stability. In July 2023, there were 40 new 1-bedroom listings, and the median rent for 1-bedroom apartments was $5,426, a 1.8% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing any significant changes in pricing, and that the market is likely to remain stable in the near future.

The rental market for 2-bedroom apartments in Chelsea, New York is showing signs of growth. In July 2023, there were 17 new 2-bedroom listings, a 5.5% increase in median rent from June 2023 to July 2023, and a median rent of $8,630. This indicates that the rental market for 2-bedroom apartments in Chelsea is becoming more competitive and that prices are increasing.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Chelsea is $5,194.
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