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Rental Market Trends in Chelsea, MA

What is the average rent in Chelsea, MA?

$2,465/month

Average Rent

718 Sq Ft

Average Apartment Size

-2.5%

Decrease in the Last Year

As of April 2026, the average rent in Chelsea, MA is $2,465 per month. This is 50% higher than the national average rent price of $1,641/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 $2,234 per month for a studio, $2,465 for a one-bedroom apartment, and around $2,976 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,214 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$2,234/month
567 Sq Ft
One Bedroom
$2,465/month
718 Sq Ft
Two Bedroom
$2,976/month
1,022 Sq Ft
Three Bedroom
$3,214/month
1,189 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,328/month
500 Sq Ft
Two Bedroom
$3,057/month
1,500 Sq Ft
Three Bedroom
$3,489/month
1,741 Sq Ft
Four Bedroom
$3,892/month
2,458 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 2.5%, which averages out to $61 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Chelsea, MA
Last Updated April 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Chelsea, MA
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
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Chelsea?

Based on current rent prices, Broadway, Belingham Square and Admirals Hill are the most affordable neighborhoods in Chelsea.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Broadway
$2,532/month
975 Sq Ft
Belingham Square
$2,533/month
863 Sq Ft
Admirals Hill
$2,612/month
744 Sq Ft
Addison-Orange
$2,651/month
721 Sq Ft

What are the most expensive neighborhoods in Chelsea?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Addison-Orange
$2,651/month
721 Sq Ft
Admirals Hill
$2,612/month
744 Sq Ft
Belingham Square
$2,533/month
863 Sq Ft
Broadway
$2,532/month
975 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
$2,532/month
975 Sq Ft
Belingham Square
$2,533/month
863 Sq Ft
Addison-Orange
$2,651/month
721 Sq Ft
Admirals Hill
$2,612/month
744 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Chelsea is $2,465, you’ll want to make about $8,216 per month or $98,592 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.

City

Chelsea, MA

1,049 Available Apartments for Rent

Search for Nearby Apartments

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

Broadway

Chelsea, MA

Addison-Orange

Chelsea, MA

Studio
$2,058/month
$2,346/month
One Bedroom
$2,232/month
$2,634/month
Two Bedroom
$2,646/month
$3,295/month
Three Bedroom
$3,077/month
$4,140/month
Search
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Nearby City Rent Trends

  • Everett Average Rent
  • Charlestown Average Rent
  • East Boston Average Rent
  • Malden Average Rent
  • Revere Average Rent
  • Somerville Average Rent
  • Winthrop Average Rent

Apartment communities in Chelsea we think you'll love

DUO

DUO

180 Central Ave,
Chelsea, MA 02150

$2,787 - $2,862 Total Monthly Price

Studio - 2 Beds

Juniper

Juniper

201 Mill Rd,
Everett, MA 02149

Call for Rent

Studio - 3 Beds

V2 Apartments

V2 Apartments

250 Vale St,
Chelsea, MA 02150

$2,548 - $3,523 Total Monthly Price

Studio - 2 Beds

One North of Boston

One North of Boston

100 Heard St,
Chelsea, MA 02150

$2,310 - $4,561 Total Monthly Price

Studio - 3 Beds

Property Management Companies in Chelsea, MA

Greystar
Greystar
  • 3,491

    Communities

  • 960,425

    Units

  • 891

    Cities

6 Communities in Chelsea
Fairfield
Fairfield
  • 104

    Communities

  • 29,578

    Units

  • 64

    Cities

3 Communities in Chelsea
Winn Companies
Winn Companies
  • 157

    Communities

  • 27,182

    Units

  • 112

    Cities

2 Communities in Chelsea
John M Corcoran & Co
John M Corcoran & Co
  • 55

    Communities

  • 10,972

    Units

  • 40

    Cities

2 Communities in Chelsea
Bozzuto
Bozzuto
  • 386

    Communities

  • 118,848

    Units

  • 157

    Cities

1 Community in Chelsea
HallKeen Management
HallKeen Management
  • 22

    Communities

  • 2,948

    Units

  • 19

    Cities

1 Community in Chelsea
Hanover
Hanover
  • 27

    Communities

  • 9,211

    Units

  • 18

    Cities

1 Community in Chelsea
Peabody Properties
Peabody Properties
  • 25

    Communities

  • 2,429

    Units

  • 18

    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 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity