Average Rent in Chelsea, New York, NY

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Current Versus Historical Chelsea, New York, NY Rents

Chelsea rentals average $4,000 for a studio rental to $29,500 for a 4-bedroom rental. The median price of all currently available listings is $5,200, or roughly $9 per square feet.
For the apartment units and housing in March 2025, median rents have risen over the last year. Studio rentals prices have increased by $461 (12.34%) year-over-year from $3,734 to $4,195. 1-bedroom rentals prices have increased by $392 (7.47%) year-over-year from $5,249 to $5,641. 2-bedroom rentals prices have increased by $514 (6.72%) year-over-year from $7,649 to $8,163. 3-bedroom rentals prices have decreased by $540 (-6.32%) year-over-year from $8,540 to $8,000. 4-bedroom rentals prices have increased by $9,361 (71.25%) year-over-year from $13,138 to $22,499. 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 4.74% this month. 1-bedroom rents have gone down by 0.34% this month. 2-bedroom rents have gone up by 0.31% this month. 3-bedroom rents have gone down by 7.96% this month. 4-bedroom rents have gone up by 3.13% this month.
Beds
Price / Sqft
Mar 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $9.56 $4,195 $3,734 (12.34%) $3,726 (12.57%)
1 BR $8.75 $5,641 $5,249 (7.47%) $5,445 (3.60%)
2 BR $8.29 $8,163 $7,649 (6.72%) $7,273 (12.24%)
3 BR $5.09 $8,000 $8,540 (-6.32%) $6,463 (23.78%)
4+ BR $6.67 $22,499 $13,138 (71.25%) $11,433 (96.78%)

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 20 cities nearby Chelsea. The average rent in Chelsea is currently $4,348 per month. A total of 15 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,198, is the most affordable city nearby. In contrast, the most expensive city near Chelsea, New York, NY is West Long Branch, NJ. Monthly rents here are on average $29,500 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 83.44% more expensive than other cities nearby. One bedrooms are about 56.30% more expensive. Two bedrooms in Chelsea, New York, NY are about 52.79% more expensive. Finally, rent for three bedrooms are about 51.43% more expensive. Want more information? Check out the top 10 cities out of 20 total cities near Chelsea, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Yonkers, NY $2,050 $2,250 $3,200 $2,700
Stamford, CT $1,775 $2,233 $2,900 $2,800
Glen Cove, NY $2,550 $3,100 $3,475 $3,373
Long Beach, NY $2,163 $2,623 $3,600 $3,850
Long Branch, NJ N/A $2,825 $3,400 $4,100
Harrison, NY $2,690 $3,070 $4,135 $4,189
New York, NY $3,525 $4,300 $5,395 $4,295
New Rochelle, NY $2,569 $3,150 $4,449 $4,400
Oakhurst, NJ N/A N/A $12,500 $4,500
West Long Branch, NJ N/A N/A $5,475 $29,500

Top Neighborhoods Near Chelsea

There are a total of 49 neighborhoods in or near Chelsea. Some of these neighborhoods include East Harlem, Bowery, and Upper East Side. We've included the top 30 neighborhoods out of 49 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 $4,300 per month. A total of 40 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Chelsea, East Side has the most affordable average rent at $2,296 per month. Whereas, at $8,500 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
East Harlem, New York, NY $2,800 $2,995 $3,198 $3,295
Bowery, New York, NY $2,800 $3,450 $5,495 $3,500
Upper East Side, New York, NY $3,300 $4,200 $4,800 $3,950
Clinton Hill, New York, NY $3,214 $3,995 $5,448 $4,056
Murray Hill, New York, NY $3,500 $4,350 $6,323 $4,082
Long Island City, New York, NY $3,359 $3,982 $5,830 $4,154
Little Italy, New York, NY $3,700 $4,500 $5,750 $4,225
Fort Greene, New York, NY $3,400 $4,365 $6,300 $4,300
Financial District, New York, NY $3,670 $4,680 $6,545 $4,300
Downtown Brooklyn, New York, NY $3,543 $4,273 $5,821 $4,368
Kips Bay, New York, NY $3,801 $3,995 $5,485 $4,475
Hell's Kitchen, New York, NY $3,500 $4,250 $5,995 $4,500
Midtown East, New York, NY $3,450 $4,600 $5,989 $4,600
Upper West Side, New York, NY $3,207 $4,656 $6,995 $4,627
Hudson Yards, New York, NY $3,670 $4,835 $7,000 $4,696
Greenpoint, New York, NY $3,486 $4,216 $5,500 $4,769
Flatiron District, New York, NY $3,973 $6,000 $8,642 $4,800
Midtown South, New York, NY $3,800 $4,995 $7,594 $4,884
Midtown, New York, NY $3,675 $4,300 $6,671 $4,945
East Village, New York, NY $2,758 $3,995 $5,495 $4,995
Williamsburg, New York, NY $3,700 $4,948 $5,281 $5,112
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,042 $5,887 $5,198
Lower East Side, New York, NY $3,985 $4,900 $5,295 $5,295
West Village, New York, NY $4,195 $5,300 $6,848 $5,300
Greenwich Village, New York, NY $4,200 $5,600 $5,500 $5,400
NoLita, New York, NY $3,950 $5,395 $6,495 $5,495
SoHo, New York, NY $3,850 $5,750 $7,795 $5,795
NoMad, New York, NY $4,464 $5,721 $8,401 $5,799
Gramercy Park, New York, NY $3,804 $5,042 $6,188 $5,985
Tribeca, New York, NY $4,650 $6,300 $7,695 $7,500

Top Counties Near Chelsea

There are a total of 49 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 $3,925. That's roughly around $3 per sqft. A total of 28 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,198. Vice versa, with an average rent of $9,500, Spring Lake, NJ is the most expensive county by Chelsea, New York, NY.

Typically, rent for studios in Chelsea, New York, NY is 55.63% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Chelsea, New York, NY is 53.57% more expensive than other counties nearby. Finally, rent for two bedrooms in Chelsea, New York, NY is 57.69% 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 $2,050 $2,250 $3,200 $2,700
Bronx, New York, NY $2,400 $2,650 $3,099 $3,135
Queens, New York, NY $2,895 $2,850 $3,390 $3,285
Glen Cove, NY $2,550 $3,100 $3,475 $3,373
Hempstead, NY $2,050 $2,500 $3,200 $3,725
Long Beach, NY $2,163 $2,623 $3,600 $3,850
Brooklyn, New York, NY $3,401 $3,850 $4,245 $3,925
North Hempstead, NY $1,950 $2,950 $3,800 $4,150
New Rochelle, NY $2,569 $3,150 $4,449 $4,400
Manhattan, New York, NY $3,580 $4,500 $5,895 $4,575

Top Zipcodes Near Chelsea

There are a total of 4 zipcodes in or near Chelsea, New York, NY. The average rent for all of these zipcodes is $3,625. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 10035, New York, NY at $2,985 per month. In comparison, the zipcode with the most expensive average rent of $4,788 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,881. That's at least $6 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 $3,575 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,629 per month. Which comes out to $6 per sqft. The following chart includes the top 4 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 $3,273 $4,995 $8,400 $4,788
10128, New York, NY $3,420 $4,150 $5,557 $3,900
10035, New York, NY $2,489 $2,725 $3,398 $2,985
11375, New York, NY $2,483 $3,000 $3,700 $3,350

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 $5,200. 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 $4,000 and an average price per square feet of $9.56. There are a total of 146 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 $5,492 and an average price per square feet of $8.75. There are a total of 144 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 $8,037 and an average price per square feet of $8.29. There are a total of 74 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 0.12%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by -0.06% 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 $4,160/month. You can search for these reasonably priced rental listings on RentHop.
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