Average Rent in Chelsea, MA

Current Versus Historical Chelsea, MA Rents

Chelsea 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 $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 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 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	$0.87	$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	$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 $3,850 per month. Our records show that Somerville, MA, with an average rent of $3,850, is the most affordable city nearby. In contrast, the most expensive city near Chelsea, MA is Somerville, MA. Monthly rents here are on average $3,850 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 33.06% more affordable than other cities nearby. One bedrooms are about 25.84% more affordable. Two bedrooms in Chelsea, MA are about 37.04% more affordable. Finally, rent for three bedrooms are about 34.58% 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	$2,063	$2,800	$3,700	$3,850

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, Beacon Hill, and North End. 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 $3,695 per month. Meaning, only nine neighborhoods have a higher average rent than $3,695. Interestingly, the neighborhoods' average rent is higher than Chelsea's average rent, which is only $2,584. 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 $4,450 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	$2,455	$3,000	$3,348	$3,200
Beacon Hill, Boston, MA	$2,150	$3,550	$4,100	$3,475
North End, Boston, MA	$2,400	$3,165	$4,675	$3,500
East Cambridge, Cambridge, MA	$3,000	$3,350	$4,395	$3,643
West End, Boston, MA	$3,100	$3,546	$5,030	$3,695
Downtown Boston, Boston, MA	$2,850	$3,426	$4,500	$3,865
Chinatown - Leather District, Boston, MA	$3,304	$3,745	$5,600	$4,025
Kendall Square, Cambridge, MA	$3,245	$4,002	$4,658	$4,035
Back Bay, Boston, MA	$2,400	$3,607	$5,800	$4,450

Top Counties Near Chelsea

There are a total of 9 counties located by Chelsea, MA. The average rent for rentals in these counties is $3,217. That's roughly around $3 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 $3,850, Somerville, MA is the most expensive county by Chelsea, MA.

Typically, rent for studios in Chelsea, MA is 16.53% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Chelsea, MA is 12.92% more affordable than other counties nearby. Finally, rent for two bedrooms in Chelsea, MA is 18.52% more affordable than other counties nearby. We've listed the top 2 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chelsea, MA	$1,550	$2,225	$2,700	$2,584
Somerville, MA	$2,063	$2,800	$3,700	$3,850

Top Zipcodes Near Chelsea

There are a total of 10 zipcodes in or near Chelsea, MA. The average rent for all of these zipcodes is $3,638.

The following chart includes the top 10 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	$2,695	$3,458	$4,250	$3,675
02116, Boston, MA	$2,885	$3,555	$5,495	$4,188
02142, Cambridge, MA	$3,095	$3,705	$4,488	$4,005
02128, Boston, MA	$2,500	$2,800	$3,400	$3,300
02141, Cambridge, MA	$2,989	$3,352	$4,200	$3,600
02109, Boston, MA	$2,613	$3,316	$4,406	$3,530
02111, Boston, MA	$3,172	$3,768	$5,044	$4,300
02113, Boston, MA	$2,350	$3,425	$4,425	$3,600
02143, Somerville, MA	$2,000	$2,800	$3,825	$3,825
02150, Chelsea, MA	$1,550	$2,225	$2,700	$2,584

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 $2,584. 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 $0.87. There are a total of 12 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 $2,225 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 Chelsea.

How much is a two bedroom apartment in 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 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 0.02%, 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 0.07% year-over-year.

What is a reasonable rent price in Chelsea, MA?

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