Average Rent and Costs in Chelsea, New York, NY

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There are currently active 567 listings advertised for rent in Chelsea, New York, NY. Chelsea rentals average $3,700 for a studio rental to $10,890 for a 4-bedroom rental. The median price of all currently available listings is $4,710, or roughly $90 per square feet.
For the apartment units and housing in January 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $399 (12.10%) year-over-year from $3,298 to $3,700. 1-bedroom rentals prices have decreased by $11 (-0.23%) year-over-year from $5,011 to $4,900. 2-bedroom rentals prices have increased by $143 (2.10%) year-over-year from $6,830 to $6,995. 3-bedroom rentals prices have increased by $1,845 (30.60%) year-over-year from $6,030 to $7,750. 4-bedroom rentals prices have increased by $9,483 (118.30%) year-over-year from $8,017 to $10,890. 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 0.00% this month. 1-bedroom rents have gone up by 1.14% this month. 2-bedroom rents have gone down by 4.80% this month. 3-bedroom rents have gone up by 4.24% this month. 4-bedroom rents have gone down by 13.15% this month.
Current Availabilities January 2023
Bedrooms     Rent Price / sqft     Whole Month Rent 1 Yr Ago Rent (% Change) 3 Yr Ago Rent (% Change)
Studio $3,700 $94 $3,698 $3,298 (12.10%) $3,198 (15.62%)
1 BR $4,900 $89 $5,000 $5,011 (-0.23%) $4,162 (20.14%)
2 BR $6,995 $81 $6,973 $6,830 (2.10%) $6,059 (15.09%)
3 BR $7,750 $92 $7,875 $6,030 (30.60%) $6,580 (19.69%)
4+ BR $10,890 $125 $17,500 $8,017 (118.30%) $8,980 (94.88%)

Historical Rents in Chelsea, New York, NY

Studio
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Top Cities Near Chelsea

There are a total of 21 cities nearby Chelsea. The average rent in Chelsea is currently $3,000 per month. A total of 19 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,700, is the most affordable city nearby. In contrast, the most expensive city near Chelsea, New York, NY is Spring Lake, NJ. Monthly rents here are on average $11,750 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 47.30% more expensive than other cities nearby. One bedrooms are about 59.18% more expensive. Two bedrooms in Chelsea, New York, NY are about 60.86% more expensive. Finally, rent for three bedrooms are about 54.84% more expensive. Want more information? Check out the top 10 cities out of 21 total cities near Chelsea, New York, NY in the following chart.
City Studio 1BR 2BR All
Newark, NJ $1,950 $1,325 $1,800 $2,048
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
West New York, NJ $2,500 $2,725 $2,738 $2,763
Fort Lee, NJ $1,600 $2,500 $3,100 $2,895
Union City, NJ $2,750 $2,900 $2,500 $2,950
Red Bank, NJ $1,925 $2,488 $3,698 $3,000
Hoboken, NJ $3,300 $3,000 $4,000 $3,400
New York, NY $3,195 $3,945 $4,795 $4,000
Long Branch, NJ $1,700 $2,300 $4,000 $4,000

Top Neighborhoods Near Chelsea

There are a total of 55 neighborhoods in or near Chelsea. Some of these neighborhoods include The Heights, Little Italy, and The Waterfront. We've included the top 30 neighborhoods out of 55 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 $3,995 per month. A total of 42 neighborhoods out of these neighborhoods have a lower average rent. Meaning, only minus twelve neighborhoods have a higher average rent than $3,995. Out of all the neighborhoods in or near Chelsea, Kew Gardens has the most affordable average rent at $1,799 per month. Whereas, at $6,750 per month, Tribeca is the most expensive neighborhood in or near Chelsea. View the following chart for more information.
Neighborhood Studio 1BR 2BR All
The Heights, Jersey City, NJ $2,200 $3,075 $2,400 $2,698
Little Italy, New York, NY $3,250 $3,270 $4,698 $3,500
The Waterfront, Jersey City, NJ $2,900 $3,328 $4,428 $3,531
Long Island City, New York, NY $3,200 $3,843 $5,562 $3,930
Financial District, New York, NY $3,254 $4,145 $5,761 $3,972
Murray Hill, New York, NY $3,100 $3,900 $4,250 $3,995
Bowery, New York, NY $3,988 $3,250 $4,295 $3,995
Brooklyn Heights, New York, NY $3,100 $3,900 $6,657 $4,174
Lower East Side, New York, NY $2,488 $3,258 $4,195 $4,195
Kips Bay, New York, NY $3,465 $3,895 $4,995 $4,195
NoLita, New York, NY N/A $4,295 $4,795 $4,295
East Village, New York, NY $2,600 $3,495 $4,495 $4,295
Hell's Kitchen, New York, NY $3,200 $3,900 $5,195 $4,395
Greenpoint, New York, NY $3,452 $4,035 $4,578 $4,408
Midtown East, New York, NY $3,000 $4,300 $5,900 $4,450
Hudson Yards, New York, NY $3,800 $4,290 $6,340 $4,462
Upper West Side, New York, NY $2,950 $4,086 $5,713 $4,500
NoHo, New York, NY $3,575 $4,250 $6,818 $4,725
Greenwich Village, New York, NY $3,250 $5,395 $5,500 $4,750
Midtown South, New York, NY $3,700 $4,743 $6,975 $4,775
Battery Park City, New York, NY $3,395 $3,850 $7,892 $4,813
Roosevelt Island, New York, NY $3,021 $3,400 $5,141 $5,068
DUMBO, New York, NY $3,835 $4,786 $6,825 $5,095
West Village, New York, NY $3,850 $4,995 $5,600 $5,295
Flatiron District, New York, NY $3,650 $5,550 $8,685 $5,425
Midtown, New York, NY $3,725 $4,095 $6,000 $5,500
NoMad, New York, NY $4,455 $5,275 $8,500 $5,530
SoHo, New York, NY $3,195 $4,675 $14,750 $5,800
Gramercy Park, New York, NY $3,500 $4,275 $5,395 $5,995
Tribeca, New York, NY $4,500 $5,313 $6,954 $6,750

Top Counties Near Chelsea

County Studio 1BR 2BR All
Newark, NJ $1,950 $1,325 $1,800 $2,048
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
North Bergen, NJ $1,975 $1,925 $3,100 $2,700
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
West New York, NJ $2,500 $2,725 $2,738 $2,763
Fort Lee, NJ $1,600 $2,500 $3,100 $2,895
Union City, NJ $2,750 $2,900 $2,500 $2,950
Hoboken, NJ $3,300 $3,000 $4,000 $3,400
Brooklyn, New York, NY $3,381 $3,738 $3,650 $3,600
Manhattan, New York, NY $3,187 $3,995 $5,050 $4,200

Top Zipcodes Near Chelsea

Zipcode Studio 1BR 2BR All
10011, New York, NY $3,400 $5,200 $6,295 $4,800
10001, New York, NY $3,917 $4,788 $6,995 $4,707
10018, New York, NY $3,792 $4,685 $6,750 $4,575
10014, New York, NY $3,585 $5,000 $5,600 $5,100
10036, New York, NY $3,195 $4,000 $5,827 $4,385
10019, New York, NY $3,387 $3,900 $5,700 $4,500
10003, New York, NY $3,500 $3,910 $5,395 $5,395
10010, New York, NY $3,600 $3,895 $4,995 $4,064
10012, New York, NY $2,995 $4,295 $4,995 $4,295
10016, New York, NY $3,300 $3,995 $4,898 $4,250
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