Rental Market Trends in Chelsea, MA

Q: What is the average rent in Chelsea, MA?

As of March 2025, the average rent in Chelsea, MA was $2,535/month.

What is the average rent in Chelsea, MA?

$2,535/month

Average Rent

717 Sq Ft

Average Apartment Size

-0.1%

Decrease in the Last Year

As of March 2025, the average rent in Chelsea, MA is $2,535 per month. This is 62% higher than the national average rent price of $1,560/month, making Chelsea one of the most expensive cities in the US. When you rent an apartment in Chelsea, you can expect to pay about $2,285 per month for a studio, $2,535 for a one-bedroom apartment, and around $2,963 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,195 or more.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

$2,285/month

564 Sq Ft

One Bedroom

$2,535/month

717 Sq Ft

Two Bedroom

$2,963/month

1,039 Sq Ft

Three Bedroom

$3,195/month

1,148 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

$2,071/month

1,323 Sq Ft

Two Bedroom

$3,014/month

2,507 Sq Ft

Three Bedroom

$3,352/month

1,906 Sq Ft

Four Bedroom

$3,722/month

3,565 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

How much has average rent changed in Chelsea, MA?

In the past year, rent has decreased by 0.1%, which averages out to $2 less per month.

Percentage*

Rent Range

0% Below $700/month

0% $700 - $1,000/month

5% $1,001 - $1,500/month

11% $1,501 - $2,000/month

84% Above $2,000/month

Rent by Neighborhood

Last Updated Today

What are the most affordable neighborhoods in Chelsea?

Based on current rent prices, Lower Broadway, Prattville and Broadway are the most affordable neighborhoods in Chelsea.

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Lower Broadway

$2,188/month

6,635 Sq Ft

Prattville

$2,250/month

2,719 Sq Ft

Broadway

$2,493/month

2,003 Sq Ft

Belingham Square

$2,518/month

1,988 Sq Ft

Addison-Orange

$2,568/month

933 Sq Ft

Admirals Hill

$3,014/month

739 Sq Ft

What are the most expensive neighborhoods in Chelsea?

Based on current rent prices, Admirals Hill, Addison-Orange and Belingham Square are the most expensive neighborhoods in Chelsea.

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Admirals Hill

$3,014/month

739 Sq Ft

Addison-Orange

$2,568/month

933 Sq Ft

Belingham Square

$2,518/month

1,988 Sq Ft

Broadway

$2,493/month

2,003 Sq Ft

Prattville

$2,250/month

2,719 Sq Ft

Lower Broadway

$2,188/month

6,635 Sq Ft

Which Chelsea neighborhoods have the most rentals available?

The neighborhoods in Chelsea with the most apartments available are Broadway, Belingham Square and Addison-Orange .

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Broadway

$2,493/month

2,003 Sq Ft

Belingham Square

$2,518/month

1,988 Sq Ft

Addison-Orange

$2,568/month

933 Sq Ft

Lower Broadway

$2,188/month

6,635 Sq Ft

Admirals Hill

$3,014/month

739 Sq Ft

Prattville

$2,250/month

2,719 Sq Ft

What salary do I need to live comfortably in Chelsea, MA?

Because the average rent in Chelsea is $2,535, you’ll want to make about $8,450 per month or $101,400 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

How does Chelsea, MA compare to other nearby cities and neighborhoods?

Use the tool below to compare Chelsea, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Chelsea, MA

Apartment Averages

Lower Broadway

Chelsea, MA

Admirals Hill

Chelsea, MA

Studio

$2,184/month

One Bedroom

$2,582/month

Two Bedroom

$3,011/month

Three Bedroom

$3,690/month

Nearby City Rent Trends

Apartment communities in Chelsea we think you'll love

DUO

180 Central Ave,
Chelsea, MA 02150

Studio - 2 Beds | $2,363 - $4,127

Jade

202 Mill Rd,
Everett, MA 02149

Studio - 3 Beds | $2,300 - $4,025

Maxwell

102 Mill Rd,
Everett, MA 02149

Studio - 2 Beds | $2,325 - $4,145

Mason

101 Mill Rd,
Everett, MA 02149

Studio - 2 Beds | $2,355 - $4,100

Property Management Companies in Chelsea, MA

Greystar

3,221

Communities
893,679

Units
827

Cities

5 Communities in Chelsea

Fairfield

107

Communities
30,097

Units
67

Cities

3 Communities in Chelsea

Winn Companies

130

Communities
27,974

Units
91

Cities

2 Communities in Chelsea

John M Corcoran & Co

50

Communities
10,240

Units
35

Cities

2 Communities in Chelsea

Bozzuto

377

Communities
115,557

Units
153

Cities

1 Community in Chelsea

Princeton Properties

30

Communities
5,743

Units
22

Cities

1 Community in Chelsea

HallKeen Management

18

Communities
2,476

Units
16

Cities

1 Community in Chelsea

First Realty Management

14

Communities
3,065

Units
11

Cities

1 Community in Chelsea

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United States Massachusetts Chelsea Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.

* Percentages may not total 100 due to rounding.