Average Rent in Chelsea, MA

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Current Versus Historical Chelsea, MA Rents

Chelsea rentals average $1,550 for a studio rental to $3,040 for a 3-bedroom rental. The median price of all currently available listings is $2,675, 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 $83 (5.32%) year-over-year from $1,567 to $1,650. 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 $184 (6.54%) year-over-year from $2,816 to $3,000. 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 1.98% 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 5.26% 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 $0.18 $1,650 $1,567 (5.32%) $1,717 (-3.88%)
1 BR $3.00 $2,200 $2,475 (-11.11%) $2,013 (9.27%)
2 BR $2.55 $2,700 $2,583 (4.52%) $1,825 (47.95%)
3 BR $2.28 $3,000 $2,816 (6.54%) $2,461 (21.90%)

Historical Rents in Chelsea, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Chelsea

There are a total of 1 cities nearby Chelsea. The average rent in Chelsea is currently $3,900 per month. Our records show that Somerville, MA, with an average rent of $3,900, is the most affordable city nearby. In contrast, the most expensive city near Chelsea, MA is Somerville, MA. Monthly rents here are on average $3,900 per month.

Let's compare Chelsea, MA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Chelsea, MA is 37.10% more affordable than other cities nearby. One bedrooms are about 21.67% more affordable. Two bedrooms in Chelsea, MA are about 34.36% more affordable. Finally, rent for three bedrooms are about 34.87% more affordable. Want more information? Check out the top 1 cities near Chelsea, MA in the following chart.
City Studio 1 Bed 2 Bed All
Somerville, MA $2,125 $2,738 $3,695 $3,900

Top Neighborhoods Near Chelsea

There are a total of 9 neighborhoods in or near Chelsea. Some of these neighborhoods include Central Maverick Square - Paris Street, North End, and Beacon Hill. We've included all of these top 9 neighborhoods in or near Chelsea, MA in the following chart.

The average rent for these 9 neighborhoods in or near Chelsea, MA is currently around $3,600 per month. Meaning, only nine neighborhoods have a higher average rent than $3,600. Interestingly, the neighborhoods' average rent is higher than Chelsea's average rent, which is only $2,675. Out of all the neighborhoods in or near Chelsea, Central Maverick Square - Paris Street has the most affordable average rent at $3,200 per month. Whereas, at $4,500 average rent per month, Back Bay is the most expensive neighborhood in or near Chelsea. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Central Maverick Square - Paris Street, Boston, MA $2,418 $3,000 $3,400 $3,200
North End, Boston, MA $2,400 $3,250 $4,650 $3,500
Beacon Hill, Boston, MA $2,300 $3,675 $3,500 $3,500
West End, Boston, MA $2,913 $3,320 $4,870 $3,546
East Cambridge, Cambridge, MA $3,047 $3,350 $4,300 $3,600
Downtown Boston, Boston, MA $2,843 $3,443 $4,533 $3,865
Chinatown - Leather District, Boston, MA $3,232 $3,600 $5,550 $3,928
Kendall Square, Cambridge, MA $3,123 $3,936 $4,606 $4,005
Back Bay, Boston, MA $2,350 $3,528 $5,714 $4,500

Top Counties Near Chelsea

There are a total of 9 counties located by Chelsea, MA. The average rent for rentals in these counties is $3,900. That's roughly around $4 per sqft. The county that is the most affordable is Somerville, MA. It's average rent per month is $3,900. Vice versa, with an average rent of $3,900, Somerville, MA is the most expensive county by Chelsea, MA.

Typically, rent for studios in Chelsea, MA is 37.10% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Chelsea, MA is 21.67% more affordable than other counties nearby. Finally, rent for two bedrooms in Chelsea, MA is 34.36% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.
County Studio 1 Bed 2 Bed All
Somerville, MA $2,125 $2,738 $3,695 $3,900

Top Zipcodes Near Chelsea

There are a total of 9 zipcodes in or near Chelsea, MA. The average rent for all of these zipcodes is $3,665.

The following chart includes the top 9 zipcodes in 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 $2,738 $3,395 $4,228 $3,665
02116, Boston, MA $2,835 $3,530 $5,530 $4,039
02142, Cambridge, MA $3,135 $3,635 $4,383 $3,908
02128, Boston, MA $2,500 $2,798 $3,300 $3,200
02141, Cambridge, MA $2,989 $3,350 $3,800 $3,500
02109, Boston, MA $2,613 $3,339 $4,406 $3,562
02111, Boston, MA $2,900 $3,429 $5,201 $3,843
02143, Somerville, MA $2,433 $2,700 $3,825 $3,900
02149, Everett, MA N/A $2,250 $2,763 $2,600

Frequently Asked Questions - Chelsea Average Rents

What is the average rent price in Chelsea, MA?
The average monthly rental price for Chelsea, MA apartments for rent is approximately $2,675. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 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 Chelsea, MA.
How much is a studio apartment in Chelsea, MA?
The average monthly rental price for studio apartments is $1,550 and an average price per square feet of $0.18. There are a total of 11 studio apartment listings currently available for rent in Chelsea.
How much is a one bedroom apartment in Chelsea, MA?
The average monthly rental price for one bedroom apartments is $2,250 and an average price per square feet of $3.00. There are a total of 9 one bedroom apartment listings currently available for rent in Chelsea.
How much is a two bedroom apartment in Chelsea, MA?
The average monthly rental price for two bedroom apartments is $2,750 and an average price per square feet of $2.55. There are a total of 16 two bedroom apartment listings currently available for rent in Chelsea.
How have rent prices in Chelsea, MA changed this year?
Rent prices for rentals in Chelsea, MA can fluctuate yearly. Specifically, studio rental prices have changed by 0.05%, 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 0.07% year-over-year.
What is a reasonable rent price in Chelsea, MA?
A reasonable rent price in Chelsea, MA is around $2,140/month. You can search for these reasonably priced rental listings on RentHop.
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