Average Rent in Chelsea, MA

Home  »  MA  »  Chelsea

Current Versus Historical Chelsea, MA Rents

Chelsea rentals average $1,675 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $2,695, or roughly $2 per square feet.
For the apartment units and housing in July 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $8 (-0.50%) year-over-year from $1,683 to $1,675. 1-bedroom rentals prices have increased by $42 (2.02%) year-over-year from $2,058 to $2,100. 2-bedroom rentals prices have increased by $333 (13.38%) year-over-year from $2,492 to $2,825. 3-bedroom rentals prices have increased by $23 (0.78%) year-over-year from $2,977 to $3,000. 4-bedroom rentals prices have decreased by $108 (-3.27%) year-over-year from $3,308 to $3,200. 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 up by 3.08% this month. 1-bedroom rents have gone down by 1.95% this month. 2-bedroom rents have gone down by 3.14% this month. 3-bedroom rents have gone down by 15.49% this month. 4-bedroom rents have gone down by 1.54% this month.
Beds
Price / Sqft
Jul 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $0.18 $1,675 $1,683 (-0.50%) $1,708 (-1.95%)
1 BR $1.90 $2,100 $2,058 (2.02%) $1,633 (28.57%)
2 BR $2.73 $2,825 $2,492 (13.38%) $2,142 (31.91%)
3 BR $2.11 $3,000 $2,977 (0.78%) $2,422 (23.85%)

Historical Rents in Chelsea, MA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Chelsea

There are a total of 4 cities nearby Chelsea. The average rent in Chelsea is currently $2,775 per month. Only one city nearby has an average rent lower than that. Our records show that Revere, MA, with an average rent of $2,400, is the most affordable city nearby. In contrast, the most expensive city near Chelsea, MA is Somerville, MA. Monthly rents here are on average $3,630 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 46.27% more expensive than other cities nearby. One bedrooms are about 10.90% more affordable. Two bedrooms in Chelsea, MA are about 3.45% more expensive. Finally, rent for three bedrooms are about 12.60% more affordable. Want more information? Check out the top 4 cities near Chelsea, MA in the following chart.
City Studio 1 Bed 2 Bed All
Revere, MA $1,800 $2,150 $2,575 $2,400
Everett, MA N/A $2,125 $2,800 $2,750
Malden, MA N/A $2,175 $2,800 $2,800
Somerville, MA $2,050 $2,758 $3,398 $3,630

Top Neighborhoods Near Chelsea

There are a total of 10 neighborhoods in or near Chelsea. Some of these neighborhoods include Central Maverick Square - Paris Street, Jeffries Point - Airport, and Back Bay. We've included all of these top 10 neighborhoods in or near Chelsea, MA in the following chart.

The average rent for these 10 neighborhoods in or near Chelsea, MA is currently around $3,535 per month. Meaning, only ten neighborhoods have a higher average rent than $3,535. Interestingly, the neighborhoods' average rent is higher than Chelsea's average rent, which is only $2,695. Out of all the neighborhoods in or near Chelsea, Central Maverick Square - Paris Street has the most affordable average rent at $3,000 per month. Whereas, at $3,990 average rent per month, Kendall Square 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 N/A $2,700 $3,400 $3,000
Jeffries Point - Airport, Boston, MA $2,350 $2,500 $3,200 $3,000
Back Bay, Boston, MA $2,400 $3,200 $5,800 $3,400
West End, Boston, MA $2,905 $3,400 $4,865 $3,460
Beacon Hill, Boston, MA $2,273 $3,225 $4,300 $3,495
North End, Boston, MA $2,450 $3,165 $4,500 $3,575
Chinatown - Leather District, Boston, MA $3,292 $3,583 $5,122 $3,725
East Cambridge, Cambridge, MA $2,995 $3,500 $4,273 $3,748
Downtown Boston, Boston, MA $2,865 $3,453 $4,544 $3,900
Kendall Square, Cambridge, MA $3,111 $3,880 $4,606 $3,990

Top Counties Near Chelsea

There are a total of 10 counties located by Chelsea, MA. Some of these counties include Revere, MA, Chelsea, MA, and Everett, MA. The average rent for rentals in these counties is $2,750. That's roughly around $3 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Revere, MA. It's average rent per month is $2,400. Vice versa, with an average rent of $3,630, Somerville, MA is the most expensive county by Chelsea, MA.

Typically, rent for studios in Chelsea, MA is on par with the other counties nearby. In comparison, rent for one bedroom listings in Chelsea, MA is 10.26% more affordable than other counties nearby. Finally, rent for two bedrooms in Chelsea, MA is 3.45% more expensive than other counties nearby. We've listed the top 5 counties in the chart below.
County Studio 1 Bed 2 Bed All
Revere, MA $1,800 $2,150 $2,575 $2,400
Chelsea, MA $1,675 $1,950 $2,900 $2,695
Everett, MA N/A $2,125 $2,800 $2,750
Malden, MA N/A $2,175 $2,800 $2,800
Somerville, MA $2,050 $2,758 $3,398 $3,630

Top Zipcodes Near Chelsea

There are a total of 15 zipcodes in or near Chelsea, MA. The average rent for all of these zipcodes is $3,500. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 02151, Revere, MA at $2,400 per month. In comparison, the zipcode with the most expensive average rent of $3,910 per month is 02142, Cambridge, MA.

Studios in these zipcodes have an average rent of $2,400. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Chelsea, MA is $2,904 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,800 per month. Which comes out to $4 per sqft. 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 $2,728 $3,395 $4,488 $3,630
02116, Boston, MA $2,575 $3,493 $5,442 $3,785
02142, Cambridge, MA $3,015 $3,702 $4,417 $3,910
02128, Boston, MA $2,345 $2,550 $3,350 $3,150
02141, Cambridge, MA $2,972 $3,478 $3,800 $3,630
02109, Boston, MA $2,850 $3,335 $4,375 $3,548
02111, Boston, MA $3,200 $3,350 $4,600 $3,805
02145, Somerville, MA $2,050 $2,700 $3,175 $3,397
02129, Boston, MA $2,425 $2,904 $3,975 $3,500
02113, Boston, MA $2,400 $2,900 $4,400 $3,550

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 $2,695. 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 $1,675 and an average price per square feet of $0.18. There are a total of 16 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 $1,950 and an average price per square feet of $1.90. 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 $2,900 and an average price per square feet of $2.73. There are a total of 25 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 0.00%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.13%, and three bedroom rental prices have changed by 0.01% year-over-year.
What is a reasonable rent price in Chelsea, MA?
A reasonable rent price in Chelsea, MA is around $2,156/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast