Average Rent in Chelsea, New York, NY

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Current Versus Historical Chelsea, New York, NY Rents

Chelsea rentals average $3,825 for a studio rental to $9,250 for a 4-bedroom rental. The median price of all currently available listings is $5,292, or roughly $9 per square feet.
For the apartment units and housing in December 2024, median rents have risen over the last year. Studio rentals prices have decreased by $134 (-3.39%) year-over-year from $3,959 to $3,825. 1-bedroom rentals prices have increased by $433 (8.40%) year-over-year from $5,162 to $5,595. 2-bedroom rentals prices have increased by $406 (5.38%) year-over-year from $7,544 to $7,950. 3-bedroom rentals prices have increased by $1,083 (9.49%) year-over-year from $11,417 to $12,500. 4-bedroom rentals prices have increased by $12,249 (83.07%) year-over-year from $14,746 to $26,995. 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 down by 1.23% this month. 1-bedroom rents have gone up by 0.75% this month. 2-bedroom rents have gone down by 1.83% this month. 3-bedroom rents have gone up by 22.56% this month. 4-bedroom rents have gone up by 26.55% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $9.05 $3,825 $3,959 (-3.39%) $3,133 (22.07%)
1 BR $8.35 $5,595 $5,162 (8.40%) $4,857 (15.19%)
2 BR $8.11 $7,950 $7,544 (5.38%) $6,413 (23.97%)
3 BR $8.78 $12,500 $11,417 (9.49%) $5,995 (108.51%)
4+ BR $5.56 $26,995 $14,746 (83.07%) $8,083 (233.96%)

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 17 cities nearby Chelsea. The average rent in Chelsea is currently $3,500 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,175, 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 $10,000 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 54.25% more expensive than other cities nearby. One bedrooms are about 53.55% more expensive. Two bedrooms in Chelsea, New York, NY are about 52.70% more expensive. Finally, rent for three bedrooms are about 67.30% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near Chelsea, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
West Babylon, NY $2,970 $2,425 $3,000 $2,495
Asbury Park, NJ $1,750 $2,200 $2,800 $2,600
Yonkers, NY $1,900 $2,175 $2,663 $2,836
Stamford, CT $2,009 $2,253 $3,000 $2,855
White Plains, NY $2,250 $2,625 $3,548 $3,300
Long Beach, NY $1,925 $2,550 $3,200 $3,500
Long Branch, NJ N/A $3,100 $3,750 $3,850
New York, NY $3,410 $4,159 $5,000 $4,200
New Rochelle, NY $1,800 $2,850 $4,419 $4,349
Harrison, NY $2,775 $3,015 $4,200 $4,410

Top Neighborhoods Near Chelsea

There are a total of 56 neighborhoods in or near Chelsea. Some of these neighborhoods include Long Island City, Murray Hill, and Bowery. We've included the top 30 neighborhoods out of 56 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 $4,263 per month. A total of 47 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Chelsea, East Side has the most affordable average rent at $2,226 per month. Whereas, at $12,000 average rent per month, SoHo is the most expensive neighborhood in or near Chelsea. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Long Island City, New York, NY $3,280 $3,751 $5,750 $3,900
Murray Hill, New York, NY $3,325 $4,150 $6,300 $3,900
Bowery, New York, NY $2,800 $3,450 $4,995 $3,925
Upper East Side, New York, NY $3,350 $4,095 $5,000 $4,000
NoHo, New York, NY $3,895 $4,150 $14,500 $4,000
Hell's Kitchen, New York, NY $3,440 $4,061 $5,178 $4,180
Financial District, New York, NY $3,483 $4,450 $6,094 $4,225
Downtown Brooklyn, New York, NY $3,425 $4,113 $5,725 $4,304
Kips Bay, New York, NY $3,640 $4,179 $5,500 $4,495
East Village, New York, NY $2,895 $3,850 $4,495 $4,495
NoLita, New York, NY N/A $3,900 $5,495 $4,495
Midtown East, New York, NY $3,325 $4,500 $6,075 $4,525
Hudson Yards, New York, NY $3,490 $4,495 $6,500 $4,624
Williamsburg, New York, NY $3,822 $4,661 $4,931 $4,700
Lower East Side, New York, NY $3,413 $4,623 $4,750 $4,750
Midtown South, New York, NY $3,955 $4,800 $7,580 $4,800
Upper West Side, New York, NY $3,000 $4,450 $6,915 $4,831
Greenpoint, New York, NY $3,483 $4,395 $5,500 $4,889
West Village, New York, NY $4,600 $4,950 $6,650 $4,950
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $4,971 $6,054 $5,084
Little Italy, New York, NY $3,250 $4,250 $4,850 $5,100
Greenwich Village, New York, NY $4,000 $6,150 $5,980 $5,188
Midtown, New York, NY $3,625 $4,382 $6,750 $5,265
Gramercy Park, New York, NY $3,750 $5,313 $5,057 $5,295
Brooklyn Heights, New York, NY $3,350 $4,113 $7,057 $5,500
Flatiron District, New York, NY $4,795 $5,650 $10,500 $5,600
Battery Park City, New York, NY $3,902 $4,536 $8,098 $5,600
NoMad, New York, NY $4,309 $5,686 $8,144 $5,685
Tribeca, New York, NY $4,552 $5,891 $8,566 $7,848
SoHo, New York, NY $6,250 $5,000 $13,250 $12,000

Top Counties Near Chelsea

There are a total of 56 counties located by Chelsea, New York, NY. Some of these counties include Yonkers, NY, Bronx, New York, NY, and Queens, New York, NY. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 29 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,175. Vice versa, with an average rent of $10,000, Spring Lake, NJ is the most expensive county by Chelsea, New York, NY.

Typically, rent for studios in Chelsea, New York, NY is 53.59% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Chelsea, New York, NY is 53.55% more expensive than other counties nearby. Finally, rent for two bedrooms in Chelsea, New York, NY is 56.67% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Yonkers, NY $1,900 $2,175 $2,663 $2,836
Bronx, New York, NY $2,000 $2,575 $3,031 $3,080
Queens, New York, NY $2,750 $2,788 $3,460 $3,240
Long Beach, NY $1,925 $2,550 $3,200 $3,500
Hempstead, NY $2,000 $2,500 $3,055 $3,500
Brooklyn, New York, NY $3,400 $3,638 $4,200 $3,850
Greenburgh, NY $2,300 $2,600 $3,600 $3,919
New Rochelle, NY $1,800 $2,850 $4,419 $4,349
Manhattan, New York, NY $3,475 $4,395 $5,653 $4,495
North Hempstead, NY $2,575 $2,675 $3,950 $4,500

Top Zipcodes Near Chelsea

There are a total of 5 zipcodes in or near Chelsea, New York, NY. The average rent for all of these zipcodes is $3,000. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 10463, New York, NY at $2,925 per month. In comparison, the zipcode with the most expensive average rent of $4,660 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,673. That's at least $5 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 $2,975 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,350 per month. Which comes out to $3 per sqft. The following chart includes the top 5 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
10023, New York, NY $3,000 $4,498 $8,100 $4,660
10128, New York, NY $3,350 $4,149 $5,628 $3,950
10035, New York, NY $2,250 $2,702 $3,250 $2,938
11375, New York, NY $2,673 $2,975 $3,250 $3,000
10463, New York, NY $2,500 $2,685 $3,350 $2,925

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 $5,292. 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 $3,825 and an average price per square feet of $9.05. There are a total of 167 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 $5,490 and an average price per square feet of $8.35. There are a total of 201 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 $7,500 and an average price per square feet of $8.11. There are a total of 109 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 -0.03%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.09% 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 $4,234/month. You can search for these reasonably priced rental listings on RentHop.
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