Average Rent in Chelsea, New York, NY

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Current Versus Historical Chelsea, New York, NY Rents

Chelsea rentals average $3,900 for a studio rental to $11,995 for a 4-bedroom rental. The median price of all currently available listings is $5,000, or roughly $9 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $17 (0.42%) year-over-year from $3,978 to $3,995. 1-bedroom rentals prices have increased by $245 (4.81%) year-over-year from $5,085 to $5,329. 2-bedroom rentals prices have increased by $108 (1.41%) year-over-year from $7,687 to $7,795. 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 $10,822 (-47.43%) year-over-year from $22,817 to $11,995. 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 6.72% this month. 1-bedroom rents have gone up by 1.35% this month. 2-bedroom rents have gone up by 1.90% this month. 3-bedroom rents have gone up by 6.35% this month. 4-bedroom rents have gone up by 4.56% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.96 $3,995 $3,978 (0.42%) $2,628 (52.00%)
1 BR $8.43 $5,329 $5,085 (4.81%) $3,608 (47.69%)
2 BR $6.82 $7,795 $7,687 (1.41%) $5,049 (54.39%)
3 BR $7.96 $9,395 $10,198 (-7.88%) $6,433 (46.04%)
4+ BR $4.23 $11,995 $22,817 (-47.43%) $12,349 (-2.87%)

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 33 cities nearby Chelsea. The average rent in Chelsea is currently $3,000 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 $1,995, 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 57.69% more expensive than other cities nearby. One bedrooms are about 57.14% more expensive. Two bedrooms in Chelsea, New York, NY are about 59.82% more expensive. Finally, rent for three bedrooms are about 43.62% more expensive. Want more information? Check out the top 10 cities out of 33 total cities near Chelsea, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Bayonne, NJ N/A $2,057 $2,300 $2,329
Newark, NJ $2,200 $2,099 $2,200 $2,400
Hackensack, NJ $1,875 $2,050 $2,700 $2,500
West New York, NJ N/A $2,538 $2,800 $2,698
Jersey City, NJ $2,300 $2,600 $2,700 $2,750
Union City, NJ $1,900 $2,250 $2,825 $2,800
Fort Lee, NJ $1,500 $2,550 $3,000 $2,850
Cliffside Park, NJ N/A $2,050 $3,300 $3,000
Hoboken, NJ $3,095 $3,200 $4,176 $3,681
New York, NY $3,475 $4,150 $5,000 $4,295

Top Neighborhoods Near Chelsea

There are a total of 52 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 52 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 $4,275 per month. A total of 42 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Chelsea, Rego Park has the most affordable average rent at $2,500 per month. Whereas, at $8,125 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 $2,150 $2,700 $2,700
Bowery, New York, NY $2,870 $3,299 $3,999 $3,499
The Waterfront, Jersey City, NJ $3,000 $3,472 $5,000 $3,638
Long Island City, New York, NY $3,318 $4,001 $5,850 $3,993
Upper East Side, New York, NY $2,850 $3,700 $4,795 $3,995
Downtown Brooklyn, New York, NY $3,398 $4,188 $5,763 $4,199
Financial District, New York, NY $3,451 $4,432 $6,361 $4,242
Murray Hill, New York, NY $3,540 $4,057 $6,500 $4,355
NoLita, New York, NY $3,495 $4,495 $4,895 $4,495
East Village, New York, NY $2,795 $3,600 $4,495 $4,495
Hell's Kitchen, New York, NY $3,500 $4,287 $5,954 $4,500
Midtown East, New York, NY $3,300 $4,200 $5,695 $4,500
Lower East Side, New York, NY $3,173 $3,495 $4,495 $4,600
Kips Bay, New York, NY $3,785 $3,965 $5,165 $4,650
Battery Park City, New York, NY $3,525 $4,325 $6,350 $4,700
Midtown, New York, NY $3,607 $4,350 $6,500 $4,700
Upper West Side, New York, NY $3,151 $4,313 $5,977 $4,754
West Village, New York, NY $3,900 $4,550 $5,400 $4,800
Greenwich Village, New York, NY $4,300 $4,925 $5,310 $4,840
Midtown South, New York, NY $3,785 $4,895 $6,942 $4,895
Hudson Yards, New York, NY $3,739 $4,678 $6,900 $5,000
Greenpoint, New York, NY $3,550 $4,400 $5,650 $5,143
Flatiron District, New York, NY $4,050 $5,898 $8,642 $5,150
NoHo, New York, NY $4,000 $5,350 $7,750 $5,350
Little Italy, New York, NY $3,900 $5,125 $4,862 $5,500
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,079 $6,032 $5,500
NoMad, New York, NY $4,415 $5,554 $8,163 $5,789
Gramercy Park, New York, NY $3,815 $5,086 $5,312 $6,100
SoHo, New York, NY $2,950 $3,950 $13,000 $6,188
Tribeca, New York, NY $4,250 $6,150 $7,295 $6,800

Top Counties Near Chelsea

There are a total of 52 counties located by Chelsea, New York, NY. Some of these counties include Bayonne, NJ, Newark, NJ, and West New York, NJ. The average rent for rentals in these counties is $3,681. 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 $1,995. 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 51.28% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Chelsea, New York, NY is 52.38% more expensive than other counties nearby. Finally, rent for two bedrooms in Chelsea, New York, NY is 58.82% 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 N/A $2,057 $2,300 $2,329
Newark, NJ $2,200 $2,099 $2,200 $2,400
West New York, NJ N/A $2,538 $2,800 $2,698
Jersey City, NJ $2,300 $2,600 $2,700 $2,750
Fort Lee, NJ $1,500 $2,550 $3,000 $2,850
North Bergen, NJ $3,300 $2,150 $2,800 $2,900
Cliffside Park, NJ N/A $2,050 $3,300 $3,000
Hoboken, NJ $3,095 $3,200 $4,176 $3,681
Brooklyn, New York, NY $3,465 $3,891 $4,036 $3,891
Manhattan, New York, NY $3,500 $4,295 $5,495 $4,495

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 $4,423. 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 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 $3,169. 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 $4,039 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,138 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 $3,700 $5,500 $5,000 $4,750
10001, New York, NY $4,204 $5,200 $7,935 $5,200
10018, New York, NY $3,595 $4,851 $6,908 $4,935
10014, New York, NY $4,691 $4,500 $5,450 $5,000
10036, New York, NY $3,400 $4,403 $6,311 $4,500
10019, New York, NY $3,582 $4,250 $6,350 $4,600
10003, New York, NY $3,815 $4,925 $5,075 $5,250
10010, New York, NY $3,825 $4,135 $5,495 $5,247
10012, New York, NY $3,495 $4,395 $4,895 $4,495
10016, New York, NY $3,550 $4,150 $5,900 $4,508

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 $5,000. 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 $3,900 and an average price per square feet of $8.96. There are a total of 154 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 $5,250 and an average price per square feet of $8.43. There are a total of 169 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 $7,529 and an average price per square feet of $6.82. There are a total of 106 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 0.00%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.01%, 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 $4,000/month. You can search for these reasonably priced rental listings on RentHop.
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