Average Rent in Lower Chelsea, Atlantic City, NJ

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Current Versus Historical Lower Chelsea, Atlantic City, NJ Rents

Lower Chelsea rentals average $13,000 for a studio rental to $18,000 for a 4-bedroom rental. The median price of all currently available listings is $13,000, or roughly $5 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $567 (29.31%) year-over-year from $1,933 to $2,500. 1-bedroom rentals prices have decreased by $4,587 (-69.69%) year-over-year from $6,582 to $1,995. 2-bedroom rentals prices have increased by $6,050 (111.01%) year-over-year from $5,450 to $11,500. 3-bedroom rentals prices have decreased by $4,346 (-29.27%) year-over-year from $14,846 to $10,500. 4-bedroom rentals prices have decreased by $4,000 (-22.22%) year-over-year from $18,000 to $14,000. 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 5.63% this month. 1-bedroom rents have gone down by 75.26% this month. 2-bedroom rents have gone up by 132.32% this month. 3-bedroom rents have gone up by 37.55% this month. 4-bedroom rents have gone down by 31.71% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$2,500	$1,933 (29.31%)	$931 (168.58%)
1 BR	$2.82	$1,995	$6,582 (-69.69%)	$1,133 (76.03%)
2 BR	$12.63	$11,500	$5,450 (111.01%)	$5,000 (130.00%)
3 BR	$5.15	$10,500	$14,846 (-29.27%)	$6,750 (55.56%)
4+ BR	$4.00	$14,000	$18,000 (-22.22%)	$20,667 (-32.26%)

Historical Rents in Lower Chelsea, Atlantic City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lower Chelsea

There are a total of 4 cities nearby Lower Chelsea. The average rent in Lower Chelsea is currently $8,163 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Atlantic City, NJ, with an average rent of $2,200, is the most affordable city nearby. In contrast, the most expensive city near Lower Chelsea, Atlantic City, NJ is Margate City, NJ. Monthly rents here are on average $18,000 per month.

Let's compare Lower Chelsea, Atlantic City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Lower Chelsea, Atlantic City, NJ is 20.19% more expensive than other cities nearby. One bedrooms are about 34.68% more expensive. Two bedrooms in Lower Chelsea, Atlantic City, NJ are about 60.00% more expensive. Finally, rent for three bedrooms are about 50.00% more expensive. Want more information? Check out the top 4 cities near Lower Chelsea, Atlantic City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Atlantic City, NJ	$8,250	$1,798	$1,722	$2,200
Brigantine, NJ	N/A	$1,400	$2,200	$3,325
Ventnor City, NJ	$12,500	$8,000	$9,000	$13,000
Margate City, NJ	$16,000	$8,500	$17,000	$18,000

Top Neighborhoods Near Lower Chelsea

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Lower Chelsea

We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Lower Chelsea

There are a total of 4 zipcodes in or near Lower Chelsea, Atlantic City, NJ. The average rent for all of these zipcodes is $8,163. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 08401, Atlantic City, NJ at $2,200 per month. In comparison, the zipcode with the most expensive average rent of $18,000 per month is 08402, Margate City, NJ.

Studios in these zipcodes have an average rent of $10,375. That's at least $1 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Lower Chelsea, Atlantic City, NJ is $4,899 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,600 per month. Which comes out to $5 per sqft. The following chart includes the top 4 zipcodes in Lower Chelsea, Atlantic City, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
08406, Ventnor City, NJ	$12,500	$8,000	$9,000	$13,000
08402, Margate City, NJ	$16,000	$8,500	$17,000	$18,000
08401, Atlantic City, NJ	$8,250	$1,798	$1,722	$2,200
08203, Brigantine, NJ	N/A	$1,400	$2,200	$3,325

Frequently Asked Questions - Lower Chelsea Average Rents

What is the average rent price in Lower Chelsea, Atlantic City, NJ?

The average monthly rental price for Lower Chelsea, Atlantic City, NJ apartments for rent is approximately $13,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lower Chelsea, Atlantic City, NJ 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 Lower Chelsea, Atlantic City, NJ.

How much is a studio apartment in Lower Chelsea, Atlantic City, NJ?

The average monthly rental price for studio apartments is $13,000 and an average price per square feet of $0. There are a total of 8 studio apartment listings currently available for rent in Lower Chelsea.

How much is a one bedroom apartment in Lower Chelsea, Atlantic City, NJ?

The average monthly rental price for one bedroom apartments is $7,500 and an average price per square feet of $2.82. There are a total of 23 one bedroom apartment listings currently available for rent in Lower Chelsea.

How much is a two bedroom apartment in Lower Chelsea, Atlantic City, NJ?

The average monthly rental price for two bedroom apartments is $14,000 and an average price per square feet of $12.63. There are a total of 12 two bedroom apartment listings currently available for rent in Lower Chelsea.

How have rent prices in Lower Chelsea, Atlantic City, NJ changed this year?

Rent prices for rentals in Lower Chelsea, Atlantic City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.29%, one bedroom rental prices have changed by -0.70%, two bedroom rental prices have changed by 1.11%, and three bedroom rental prices have changed by -0.29% year-over-year.

What is a reasonable rent price in Lower Chelsea, Atlantic City, NJ?

A reasonable rent price in Lower Chelsea, Atlantic City, NJ is around $10,400/month. You can search for these reasonably priced rental listings on RentHop.