Average Rent in 02150, Chelsea, MA

Current Versus Historical 02150, Chelsea, MA Rents

02150 rentals average $1,550 for a studio rental to $3,000 for a 3-bedroom rental. The median price of all currently available listings is $2,584, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $33 (2.13%) year-over-year from $1,567 to $1,600. 1-bedroom rentals prices have decreased by $275 (-11.11%) year-over-year from $2,475 to $2,200. 2-bedroom rentals prices have increased by $117 (4.52%) year-over-year from $2,583 to $2,700. 3-bedroom rentals prices have increased by $134 (4.76%) year-over-year from $2,816 to $2,950. 4-bedroom rentals prices have increased by $92 (2.69%) year-over-year from $3,408 to $3,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 4.00% this month. 1-bedroom rents have gone up by 5.14% this month. 2-bedroom rents have gone down by 5.81% this month. 3-bedroom rents have gone down by 6.35% this month. 4-bedroom rents have gone up by 2.94% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$0.87	$1,600	$1,567 (2.13%)	$1,717 (-6.80%)
1 BR	$2.91	$2,200	$2,475 (-11.11%)	$2,013 (9.27%)
2 BR	$2.53	$2,700	$2,583 (4.52%)	$1,825 (47.95%)
3 BR	$2.19	$2,950	$2,816 (4.76%)	$2,461 (19.86%)

Historical Rents in 02150, Chelsea, MA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 02150

There are a total of 1 cities nearby 02150. The average rent in 02150 is currently $2,584 per month. Only one city nearby has an average rent lower than that. Our records show that Chelsea, MA, with an average rent of $2,584, is the most affordable city nearby. In contrast, the most expensive city near 02150, Chelsea, MA is Chelsea, MA. Monthly rents here are on average $2,584 per month.

Let's compare 02150, Chelsea, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 02150, Chelsea, MA is on par with the other cities nearby. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in 02150, Chelsea, MA are on par with the other cities nearby. Finally, rent for three bedrooms are on par with the other cities nearby. Want more information? Check out the top 1 cities near 02150, Chelsea, MA in the following chart.

City	Studio	1 Bed	2 Bed	All
Chelsea, MA	$1,550	$2,225	$2,700	$2,584

Top Neighborhoods Near 02150

There are a total of 4 neighborhoods in or near 02150. Some of these neighborhoods include Downtown Boston, Chinatown - Leather District, and East Cambridge. We've included all of these top 4 neighborhoods in or near 02150, Chelsea, MA in the following chart.

The average rent for these 4 neighborhoods in or near 02150, Chelsea, MA is currently around $3,718 per month. Meaning, only four neighborhoods have a higher average rent than $3,718. Interestingly, the neighborhoods' average rent is higher than 02150's average rent, which is only $2,584. Out of all the neighborhoods in or near 02150, Downtown Boston has the most affordable average rent at $3,650 per month. Whereas, at $4,073 average rent per month, Kendall Square is the most expensive neighborhood in or near 02150. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Boston, Boston, MA	$2,820	$3,364	$4,355	$3,650
Chinatown - Leather District, Boston, MA	$3,304	$3,603	$4,958	$3,713
East Cambridge, Cambridge, MA	$2,989	$3,353	$4,395	$3,724
Kendall Square, Cambridge, MA	$3,123	$4,020	$4,661	$4,073

Top Counties Near 02150

There are a total of 4 counties located by 02150, Chelsea, MA. The average rent for rentals in these counties is $2,584. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Chelsea, MA. It's average rent per month is $2,584. Vice versa, with an average rent of $2,584, Chelsea, MA is the most expensive county by 02150, Chelsea, MA.

Typically, rent for studios in 02150, Chelsea, MA is on par with the other counties nearby. In comparison, rent for one bedroom listings in 02150, Chelsea, MA is on par with the other counties nearby. Finally, rent for two bedrooms in 02150, Chelsea, MA is on par with the other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chelsea, MA	$1,550	$2,225	$2,700	$2,584

Top Zipcodes Near 02150

There are a total of 5 zipcodes in or near 02150, Chelsea, MA. The average rent for all of these zipcodes is $3,695.

The following chart includes the top 5 zipcodes in 02150, Chelsea, MA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
02114, Boston, MA	$2,820	$3,395	$4,215	$3,695
02116, Boston, MA	$2,960	$3,565	$4,915	$3,875
02142, Cambridge, MA	$3,000	$3,900	$4,461	$4,130
02141, Cambridge, MA	$3,042	$3,630	$4,477	$3,342
02109, Boston, MA	N/A	$3,339	$4,378	$3,533

Frequently Asked Questions - 02150 Average Rents

What is the average rent price in 02150, Chelsea, MA?

The average monthly rental price for 02150, Chelsea, MA apartments for rent is approximately $2,584. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 02150, Chelsea, MA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 02150, Chelsea, MA.

How much is a studio apartment in 02150, Chelsea, MA?

The average monthly rental price for studio apartments is $1,550 and an average price per square feet of $0.87. There are a total of 12 studio apartment listings currently available for rent in 02150.

How much is a one bedroom apartment in 02150, Chelsea, MA?

The average monthly rental price for one bedroom apartments is $2,225 and an average price per square feet of $2.91. There are a total of 10 one bedroom apartment listings currently available for rent in 02150.

How much is a two bedroom apartment in 02150, Chelsea, MA?

The average monthly rental price for two bedroom apartments is $2,700 and an average price per square feet of $2.53. There are a total of 15 two bedroom apartment listings currently available for rent in 02150.

How have rent prices in 02150, Chelsea, MA changed this year?

Rent prices for rentals in 02150, Chelsea, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.02%, one bedroom rental prices have changed by -0.11%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in 02150, Chelsea, MA?

A reasonable rent price in 02150, Chelsea, MA is around $2,067/month. You can search for these reasonably priced rental listings on RentHop.