Vero Apartments
255 Vale St,
Chelsea, MA 02150
Studio - 2 Beds | $2,090 - $3,714
Rental Market Trends in Chelsea, MA
What is the average rent in Chelsea, MA?
$2,362/month
Average Rent
717 Sq Ft
Average Apartment Size
-5.1%
Decrease in the Last Year
As of December 2024, the average rent in Chelsea, MA is $2,362 per month. This is 51% 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 $2,157 per month for a studio, $2,362 for a one-bedroom apartment, and around $2,835 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,272 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average 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 5.1%, which averages out to $119 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Chelsea, MA
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
5%
$1,001 - $1,500/month
16%
$1,501 - $2,000/month
79%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Chelsea?
Based on current rent prices, Prattville, Lower Broadway and Belingham Square are the most affordable neighborhoods in Chelsea.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Chelsea?
Based on current rent prices, Admirals Hill, Addison-Orange and Broadway are the most expensive neighborhoods in Chelsea.
Neighborhood
Average Rent
Average Sq Ft
Which Chelsea neighborhoods have the most rentals available?
The neighborhoods in Chelsea with the most apartments available are Broadway, Addison-Orange and Belingham Square .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Chelsea, MA?
Because the average rent in Chelsea is $2,362, you’ll want to make about $7,873 per month or $94,476 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.
Studio
-
$2,187/month
One Bedroom
$1,183/month
$2,469/month
Two Bedroom
$1,183/month
$2,907/month
Three Bedroom
-
$3,676/month
Nearby City Rent Trends
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29
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Methodology
† 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.
* Percentages may not total 100 due to rounding.