Average Rent in Chelsea, New York, NY

Home  »  NY  »  New York  »  Chelsea

Current Versus Historical Chelsea, New York, NY Rents

Chelsea rentals average $3,937 for a studio rental to $11,995 for a 4-bedroom rental. The median price of all currently available listings is $5,295, or roughly $9 per square feet.
For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have decreased by $85 (-2.12%) year-over-year from $3,985 to $3,900. 1-bedroom rentals prices have increased by $318 (6.26%) year-over-year from $5,084 to $5,403. 2-bedroom rentals prices have increased by $143 (1.86%) year-over-year from $7,687 to $7,830. 3-bedroom rentals prices have decreased by $803 (-7.88%) year-over-year from $10,198 to $9,395. 4-bedroom rentals prices have decreased by $9,319 (-40.84%) year-over-year from $22,817 to $13,498. 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 4.74% this month. 1-bedroom rents have gone up by 2.27% this month. 2-bedroom rents have gone up by 2.28% this month. 3-bedroom rents have gone up by 6.89% this month. 4-bedroom rents have gone up by 12.74% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $9.34 $3,900 $3,985 (-2.12%) $2,628 (48.38%)
1 BR $8.77 $5,403 $5,084 (6.26%) $3,608 (49.72%)
2 BR $7.75 $7,830 $7,687 (1.86%) $5,049 (55.08%)
3 BR $8.78 $9,395 $10,198 (-7.88%) $6,433 (46.04%)
4+ BR $4.23 $13,498 $22,817 (-40.84%) $12,349 (9.30%)

Historical Rents in Chelsea, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Chelsea

There are a total of 34 cities nearby Chelsea. The average rent in Chelsea is currently $3,077 per month. A total of 30 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,950, is the most affordable city nearby. In contrast, the most expensive city near Chelsea, New York, NY is Westport, CT. Monthly rents here are on average $15,000 per month.

Let's compare Chelsea, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Chelsea, New York, NY is 56.66% more expensive than other cities nearby. One bedrooms are about 58.11% more expensive. Two bedrooms in Chelsea, New York, NY are about 62.16% more expensive. Finally, rent for three bedrooms are about 40.05% more expensive. Want more information? Check out the top 10 cities out of 34 total cities near Chelsea, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,100 $2,074 $2,100 $2,300
Bayonne, NJ $2,325 $2,047 $2,422 $2,400
West New York, NJ N/A $2,525 $2,850 $2,698
Jersey City, NJ $2,825 $2,600 $2,650 $2,700
Union City, NJ $1,900 $2,300 $2,800 $2,800
Fort Lee, NJ $1,500 $2,365 $3,050 $2,900
Cliffside Park, NJ N/A $2,150 $3,050 $3,000
Hoboken, NJ $3,026 $3,199 $4,225 $3,700
Palisades Park, NJ $1,500 $2,000 $2,843 $3,775
New York, NY $3,525 $4,200 $5,076 $4,395

Top Neighborhoods Near Chelsea

There are a total of 54 neighborhoods in or near Chelsea. Some of these neighborhoods include The Heights, The Waterfront, and Bowery. We've included the top 30 neighborhoods out of 54 total neighborhoods in or near Chelsea, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Chelsea, New York, NY is currently around $4,312 per month. A total of 45 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Chelsea, East Side has the most affordable average rent at $1,900 per month. Whereas, at $8,250 average rent per month, Ocean Beach is the most expensive neighborhood in or near Chelsea. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
The Heights, Jersey City, NJ N/A $2,200 $2,555 $2,600
The Waterfront, Jersey City, NJ $3,033 $3,508 $5,045 $3,616
Bowery, New York, NY $2,870 $3,995 $3,999 $3,995
Brooklyn Heights, New York, NY $3,750 $4,043 $5,900 $3,995
Long Island City, New York, NY $3,323 $4,035 $5,998 $4,000
Upper East Side, New York, NY $2,975 $3,600 $4,795 $4,000
Financial District, New York, NY $3,499 $4,500 $6,375 $4,323
East Village, New York, NY $2,850 $3,625 $4,495 $4,495
NoLita, New York, NY $3,545 $4,495 $4,895 $4,495
Hell's Kitchen, New York, NY $3,500 $4,039 $6,095 $4,500
Midtown East, New York, NY $3,398 $4,200 $5,595 $4,550
Murray Hill, New York, NY $3,600 $4,300 $6,460 $4,793
West Village, New York, NY $4,625 $4,750 $6,373 $4,795
Greenwich Village, New York, NY $4,150 $4,800 $5,075 $4,800
Greenpoint, New York, NY $3,495 $4,308 $5,850 $4,899
Upper West Side, New York, NY $3,209 $4,477 $6,300 $4,936
Kips Bay, New York, NY $3,795 $4,158 $5,303 $4,938
Hudson Yards, New York, NY $3,675 $4,562 $6,900 $5,000
Midtown South, New York, NY $3,785 $4,995 $6,858 $5,000
Little Italy, New York, NY $3,875 $5,000 $5,500 $5,000
NoHo, New York, NY $3,850 $5,000 $7,750 $5,000
Flatiron District, New York, NY $4,050 $5,900 $8,500 $5,150
Lower East Side, New York, NY $3,695 $3,495 $4,500 $5,195
SoHo, New York, NY $2,995 $3,950 $14,250 $5,300
Midtown, New York, NY $3,607 $4,398 $6,895 $5,500
Battery Park City, New York, NY $3,550 $4,532 $6,750 $5,500
NoMad, New York, NY $4,449 $5,596 $8,506 $5,710
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,067 $6,075 $5,848
Gramercy Park, New York, NY $3,815 $5,195 $5,295 $6,050
Tribeca, New York, NY $4,250 $6,000 $7,295 $6,895

Top Counties Near Chelsea

There are a total of 54 counties located by Chelsea, New York, NY. Some of these counties include Bayonne, NJ, West New York, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $3,643. That's roughly around $3 per sqft. A total of 40 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,950. Vice versa, with an average rent of $15,000, Westport, CT is the most expensive county by Chelsea, New York, NY.

Typically, rent for studios in Chelsea, New York, NY is 51.23% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Chelsea, New York, NY is 55.77% more expensive than other counties nearby. Finally, rent for two bedrooms in Chelsea, New York, NY is 60.87% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Bayonne, NJ $2,325 $2,047 $2,422 $2,400
West New York, NJ N/A $2,525 $2,850 $2,698
Jersey City, NJ $2,825 $2,600 $2,650 $2,700
North Bergen, NJ $2,149 $2,125 $2,850 $2,850
Fort Lee, NJ $1,500 $2,365 $3,050 $2,900
Cliffside Park, NJ N/A $2,150 $3,050 $3,000
Hoboken, NJ $3,026 $3,199 $4,225 $3,700
Palisades Park, NJ $1,500 $2,000 $2,843 $3,775
Brooklyn, New York, NY $3,489 $3,975 $4,000 $3,892
Manhattan, New York, NY $3,581 $4,389 $5,500 $4,595

Top Zipcodes Near Chelsea

There are a total of 50 zipcodes in or near Chelsea, New York, NY. The average rent for all of these zipcodes is $4,464. A total of 40 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07756, Ocean Grove, NJ at $3,000 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,351. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Chelsea, New York, NY is $4,090 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,317 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Chelsea, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10011, New York, NY $3,600 $5,850 $5,925 $4,795
10001, New York, NY $4,220 $5,373 $7,990 $5,486
10018, New York, NY $3,573 $4,855 $6,672 $5,068
10014, New York, NY $4,750 $4,750 $6,750 $4,895
10036, New York, NY $3,500 $4,300 $6,290 $4,495
10019, New York, NY $3,607 $4,179 $6,500 $4,825
10003, New York, NY $3,815 $4,800 $5,105 $4,999
10010, New York, NY $4,050 $4,760 $5,415 $5,393
10012, New York, NY $3,495 $4,395 $4,895 $4,495
10016, New York, NY $3,697 $4,250 $5,895 $4,765

Frequently Asked Questions - Chelsea Average Rents

What is the average rent price in Chelsea, New York, NY?
The average monthly rental price for Chelsea, New York, NY apartments for rent is approximately $5,295. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Chelsea, New York, NY 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, New York, NY.
How much is a studio apartment in Chelsea, New York, NY?
The average monthly rental price for studio apartments is $3,937 and an average price per square feet of $9.34. There are a total of 161 studio apartment listings currently available for rent in Chelsea.
How much is a one bedroom apartment in Chelsea, New York, NY?
The average monthly rental price for one bedroom apartments is $5,500 and an average price per square feet of $8.77. There are a total of 190 one bedroom apartment listings currently available for rent in Chelsea.
How much is a two bedroom apartment in Chelsea, New York, NY?
The average monthly rental price for two bedroom apartments is $7,795 and an average price per square feet of $7.75. There are a total of 131 two bedroom apartment listings currently available for rent in Chelsea.
How have rent prices in Chelsea, New York, NY changed this year?
Rent prices for rentals in Chelsea, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by -0.02%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by -0.08% year-over-year.
What is a reasonable rent price in Chelsea, New York, NY?
A reasonable rent price in Chelsea, New York, NY is around $4,236/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