Average Rent in Chelsea, New York, NY

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Current Versus Historical Chelsea, New York, NY Rents

Chelsea rentals average $3,500 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $4,814, or roughly $8 per square feet.
For the apartment units and housing in February 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $205 (-5.54%) year-over-year from $3,705 to $3,500. 1-bedroom rentals prices have increased by $249 (4.95%) year-over-year from $5,031 to $5,280. 2-bedroom rentals prices have decreased by $136 (-1.85%) year-over-year from $7,336 to $7,200. 3-bedroom rentals prices have decreased by $2,302 (-23.49%) year-over-year from $9,797 to $7,495. 4-bedroom rentals prices have decreased by $11,288 (-51.35%) year-over-year from $21,983 to $10,695. 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 9.53% this month. 1-bedroom rents have gone up by 1.07% this month. 2-bedroom rents have gone down by 2.16% this month. 3-bedroom rents have gone down by 28.04% this month. 4-bedroom rents have gone down by 28.20% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.98 $3,500 $3,705 (-5.54%) $2,452 (42.72%)
1 BR $8.01 $5,280 $5,031 (4.95%) $3,303 (59.88%)
2 BR $6.83 $7,200 $7,336 (-1.85%) $5,044 (42.73%)
3 BR $6.56 $7,495 $9,797 (-23.49%) $5,716 (31.13%)

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 32 cities nearby Chelsea. The average rent in Chelsea is currently $3,149 per month. A total of 27 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,800, 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 $16,999 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 53.04% more expensive than other cities nearby. One bedrooms are about 55.43% more expensive. Two bedrooms in Chelsea, New York, NY are about 57.75% more expensive. Finally, rent for three bedrooms are about 45.47% more expensive. Want more information? Check out the top 10 cities out of 32 total cities near Chelsea, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,200 $2,000 $2,100 $2,300
Hackensack, NJ N/A $1,900 $2,500 $2,345
Bayonne, NJ N/A $2,143 $2,407 $2,357
Union City, NJ N/A $2,200 $2,700 $2,795
West New York, NJ N/A $2,600 $3,000 $2,800
Jersey City, NJ $2,225 $2,875 $2,800 $2,900
Fort Lee, NJ $1,613 $2,650 $3,400 $3,098
Cliffside Park, NJ $1,525 $2,650 $3,095 $3,275
Hoboken, NJ $2,500 $3,075 $3,850 $3,391
New York, NY $3,357 $4,089 $4,900 $4,150

Top Neighborhoods Near Chelsea

There are a total of 58 neighborhoods in or near Chelsea. Some of these neighborhoods include The Heights, Bowery, and The Waterfront. We've included the top 30 neighborhoods out of 58 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 $3,888 per month. A total of 44 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Chelsea, Elmhurst has the most affordable average rent at $2,450 per month. Whereas, at $8,200 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 $875 $2,400 $2,800 $2,800
Bowery, New York, NY $2,600 $3,199 $3,795 $3,575
The Waterfront, Jersey City, NJ $2,860 $3,411 $4,600 $3,599
NoHo, New York, NY $3,675 $3,875 $6,450 $3,875
Murray Hill, New York, NY $3,450 $3,900 $4,403 $3,900
Upper East Side, New York, NY $2,741 $3,600 $5,395 $3,995
Downtown Brooklyn, New York, NY $3,487 $4,118 $5,700 $4,100
Long Island City, New York, NY $3,319 $3,969 $5,572 $4,124
Financial District, New York, NY $3,410 $4,334 $5,619 $4,175
Hell's Kitchen, New York, NY $3,393 $4,060 $5,500 $4,395
Midtown East, New York, NY $3,250 $4,375 $5,900 $4,400
Williamsburg, New York, NY $3,720 $4,311 $4,170 $4,442
Kips Bay, New York, NY $3,743 $3,845 $4,995 $4,463
East Village, New York, NY $2,795 $3,595 $4,495 $4,495
NoLita, New York, NY $3,495 $4,495 $4,995 $4,495
Lower East Side, New York, NY $3,899 $3,250 $4,495 $4,495
Upper West Side, New York, NY $3,038 $4,201 $5,600 $4,500
Greenpoint, New York, NY $3,538 $4,400 $6,138 $4,700
Hudson Yards, New York, NY $3,573 $4,495 $6,700 $4,850
Midtown, New York, NY $3,595 $4,400 $6,950 $4,895
Midtown South, New York, NY $3,690 $4,995 $8,160 $4,900
Greenwich Village, New York, NY $4,003 $5,175 $7,850 $5,100
West Village, New York, NY $3,695 $5,175 $6,250 $5,150
Battery Park City, New York, NY $3,353 $4,050 $7,249 $5,200
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,014 $6,254 $5,390
NoMad, New York, NY $4,383 $5,546 $8,549 $5,570
Flatiron District, New York, NY $3,800 $5,800 $8,825 $5,606
Gramercy Park, New York, NY $3,725 $5,000 $5,660 $5,855
Tribeca, New York, NY $4,375 $5,695 $7,395 $6,895
SoHo, New York, NY $3,098 $4,250 $10,000 $7,622

Top Counties Near Chelsea

There are a total of 58 counties located by Chelsea, New York, NY. Some of these counties include Newark, NJ, Bayonne, NJ, and West New York, NJ. The average rent for rentals in these counties is $3,275. That's roughly around $3 per sqft. A total of 37 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,800. Vice versa, with an average rent of $16,999, Westport, CT is the most expensive county by Chelsea, New York, NY.

Typically, rent for studios in Chelsea, New York, NY is 45.79% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Chelsea, New York, NY is 52.76% more expensive than other counties nearby. Finally, rent for two bedrooms in Chelsea, New York, NY is 58.57% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Newark, NJ $2,200 $2,000 $2,100 $2,300
Bayonne, NJ N/A $2,143 $2,407 $2,357
West New York, NJ N/A $2,600 $3,000 $2,800
Jersey City, NJ $2,225 $2,875 $2,800 $2,900
North Bergen, NJ $2,900 $2,000 $2,900 $3,000
Fort Lee, NJ $1,613 $2,650 $3,400 $3,098
Cliffside Park, NJ $1,525 $2,650 $3,095 $3,275
Hoboken, NJ $2,500 $3,075 $3,850 $3,391
Brooklyn, New York, NY $3,437 $3,625 $3,675 $3,600
Manhattan, New York, NY $3,390 $4,245 $5,495 $4,400

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 $4,344. A total of 41 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11375, New York, NY at $2,676 per month. In comparison, the zipcode with the most expensive average rent of $9,700 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,251. 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 $3,949 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,066 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 $3,350 $5,175 $6,775 $4,650
10001, New York, NY $4,195 $5,160 $7,997 $5,160
10018, New York, NY $3,526 $4,795 $6,634 $4,493
10014, New York, NY $4,448 $5,923 $6,750 $5,595
10036, New York, NY $3,405 $4,370 $6,162 $4,795
10019, New York, NY $3,500 $4,095 $5,954 $4,495
10003, New York, NY $3,513 $4,895 $5,200 $5,075
10010, New York, NY $3,750 $3,913 $5,605 $5,116
10012, New York, NY $3,495 $4,395 $5,495 $4,495
10016, New York, NY $3,450 $4,050 $4,850 $4,295

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 $4,814. 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 $3,500 and an average price per square feet of $8.98. There are a total of 204 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 $5,160 and an average price per square feet of $8.01. There are a total of 177 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 $7,241 and an average price per square feet of $6.83. There are a total of 104 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 -0.06%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by -0.23% 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 $3,851/month. You can search for these reasonably priced rental listings on RentHop.
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