Average Rent in Chelsea, New York, NY

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Current Versus Historical Chelsea, New York, NY Rents

Chelsea rentals average $3,925 for a studio rental to $8,995 for a 4-bedroom rental. The median price of all currently available listings is $5,398, or roughly $8 per square feet.

For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have increased by $90 (2.34%) year-over-year from $3,835 to $3,925. 1-bedroom rentals prices have increased by $466 (9.08%) year-over-year from $5,134 to $5,600. 2-bedroom rentals prices have increased by $604 (7.85%) year-over-year from $7,696 to $8,300. 3-bedroom rentals prices have increased by $3,990 (40.24%) year-over-year from $9,915 to $13,905. 4-bedroom rentals prices have increased by $10,936 (77.76%) year-over-year from $14,064 to $25,000. 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 0.04% this month. 1-bedroom rents have gone up by 1.15% this month. 2-bedroom rents have gone down by 0.74% this month. 3-bedroom rents have gone up by 31.79% this month. 4-bedroom rents have gone up by 29.31% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$9.26	$3,925	$3,835 (2.34%)	$3,133 (25.27%)
1 BR	$8.35	$5,600	$5,134 (9.08%)	$4,899 (14.31%)
2 BR	$7.60	$8,300	$7,696 (7.85%)	$6,681 (24.23%)
3 BR	$7.99	$13,905	$9,915 (40.24%)	$6,195 (124.44%)
4+ BR	$5.56	$25,000	$14,064 (77.76%)	$10,917 (129.01%)

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 18 cities nearby Chelsea. The average rent in Chelsea is currently $3,375 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 $2,000, 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 $9,500 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 58.60% more expensive than other cities nearby. One bedrooms are about 60.63% more expensive. Two bedrooms in Chelsea, New York, NY are about 63.09% more expensive. Finally, rent for three bedrooms are about 70.52% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near Chelsea, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
West Babylon, NY	N/A	$2,395	$2,893	$2,500
Asbury Park, NJ	$1,650	$2,150	$2,800	$2,700
Yonkers, NY	$2,100	$2,200	$2,800	$2,750
Stamford, CT	$1,825	$2,207	$3,009	$2,950
White Plains, NY	$2,275	$2,650	$3,600	$3,300
Long Beach, NY	$1,963	$2,600	$3,300	$3,450
New Rochelle, NY	$2,413	$2,900	$3,500	$3,500
Long Branch, NJ	N/A	$3,000	$3,775	$3,850
Harrison, NY	$2,620	$2,970	$4,154	$4,202
New York, NY	$3,450	$4,200	$5,050	$4,250

Top Neighborhoods Near Chelsea

There are a total of 59 neighborhoods in or near Chelsea. Some of these neighborhoods include Bowery, Upper East Side, and Murray Hill. We've included the top 30 neighborhoods out of 59 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 $4,239 per month. A total of 51 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Chelsea, East Side has the most affordable average rent at $2,250 per month. Whereas, at $9,995 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
Bowery, New York, NY	$2,899	$3,499	$4,815	$3,897
Upper East Side, New York, NY	$3,275	$3,995	$5,100	$4,000
Murray Hill, New York, NY	$3,425	$4,291	$6,500	$4,055
Long Island City, New York, NY	$3,300	$3,995	$5,995	$4,090
NoHo, New York, NY	$4,000	$4,585	$14,750	$4,150
Hell's Kitchen, New York, NY	$3,440	$4,000	$5,475	$4,195
Downtown Brooklyn, New York, NY	$3,428	$4,225	$5,846	$4,280
Financial District, New York, NY	$3,458	$4,500	$6,350	$4,300
Hudson Yards, New York, NY	$3,538	$4,490	$6,623	$4,429
NoLita, New York, NY	$9,943	$3,900	$5,495	$4,495
East Village, New York, NY	$2,995	$3,795	$4,495	$4,495
Midtown East, New York, NY	$3,375	$4,400	$5,998	$4,500
Kips Bay, New York, NY	$3,605	$4,260	$5,470	$4,570
Brooklyn Heights, New York, NY	$3,300	$4,250	$6,931	$4,744
Midtown South, New York, NY	$3,597	$4,940	$6,235	$4,751
Greenwich Village, New York, NY	$4,125	$5,525	$7,798	$4,850
West Village, New York, NY	$3,925	$5,125	$6,750	$4,850
Lower East Side, New York, NY	$3,497	$4,000	$4,765	$4,925
Upper West Side, New York, NY	$3,298	$4,459	$7,304	$5,000
Greenpoint, New York, NY	$3,374	$4,250	$5,328	$5,009
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$4,920	$6,054	$5,057
Midtown, New York, NY	$3,700	$4,298	$6,600	$5,095
Little Italy, New York, NY	$3,250	$4,500	$4,625	$5,295
Gramercy Park, New York, NY	$3,711	$5,550	$4,995	$5,495
NoMad, New York, NY	$4,339	$5,676	$8,294	$5,724
Flatiron District, New York, NY	$4,300	$5,775	$9,631	$5,800
Battery Park City, New York, NY	$4,132	$4,608	$8,540	$5,999
DUMBO, New York, NY	$3,653	$4,962	$6,879	$6,123
Tribeca, New York, NY	$4,675	$5,921	$8,541	$8,000
SoHo, New York, NY	$3,438	$5,200	$13,828	$9,995

Top Counties Near Chelsea

There are a total of 59 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 $3,400. That's roughly around $3 per sqft. A total of 31 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,000. 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 56.05% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Chelsea, New York, NY is 55.33% more expensive than other counties nearby. Finally, rent for two bedrooms in Chelsea, New York, NY is 60.60% 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	$2,100	$2,200	$2,800	$2,750
Bronx, New York, NY	$2,150	$2,575	$3,200	$3,000
Queens, New York, NY	$2,853	$2,789	$3,500	$3,287
Hempstead, NY	$2,013	$2,500	$3,005	$3,425
Long Beach, NY	$1,963	$2,600	$3,300	$3,450
New Rochelle, NY	$2,413	$2,900	$3,500	$3,500
Brooklyn, New York, NY	$3,370	$3,700	$4,200	$3,858
Greenburgh, NY	$1,900	$2,700	$3,600	$4,100
Manhattan, New York, NY	$3,495	$4,395	$5,748	$4,495
North Hempstead, NY	$3,575	$2,600	$4,000	$4,538

Top Zipcodes Near Chelsea

There are a total of 6 zipcodes in or near Chelsea, New York, NY. The average rent for all of these zipcodes is $3,575. A total of 6 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 $2,863 per month. In comparison, the zipcode with the most expensive average rent of $4,631 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $2,998. 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 $3,525 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,370 per month. Which comes out to $5 per sqft. The following chart includes the top 6 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	$3,400	$4,950	$8,295	$4,548
10280, New York, NY	$3,812	$4,467	$6,429	$4,631
10128, New York, NY	$3,350	$4,100	$5,295	$4,000
10035, New York, NY	$2,299	$2,713	$3,200	$2,863
11375, New York, NY	$2,645	$2,950	$3,445	$3,150
10463, New York, NY	$1,995	$2,720	$3,289	$2,995

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 $5,398. 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 $3,925 and an average price per square feet of $9.26. There are a total of 171 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 $5,596 and an average price per square feet of $8.35. There are a total of 213 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 $7,995 and an average price per square feet of $7.60. There are a total of 113 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 0.02%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by 0.08%, and three bedroom rental prices have changed by 0.40% 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 $4,318/month. You can search for these reasonably priced rental listings on RentHop.