Chelsea, Massachusetts Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Chelsea, Massachusetts rental market.
Chelsea, Massachusetts
Average Apartment Rent
$2,787
Y-o-Y Change in Average
Apartment Rent
-1.5%
As of May 2026
Compared to a year ago, Chelsea, Massachusetts apartments have recorded a -1.5% rent decrease.
Chelsea, Massachusetts Average apartment rent trend
Chelsea, Massachusetts Average Apartment Rent
Chelsea, Massachusetts Apartment rent ranges
At 38.55%, apartments priced $2,500 - $3,000 represent the bulk of Chelsea, Massachusetts rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 0.22%.
Chelsea, Massachusetts Housing tenure**
Renters take up 72% of Chelsea, Massachusetts real estate, occupying a total of 9,648 units, while homeowners live in 3,738 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$55,523
Average household size of renter-occupied housing units**
2.83
Rental vacancy rate**
3.5%
Chelsea, Massachusetts Renter-occupied housing units by no. of bedrooms**
There are 2,841 rentals in Chelsea, Massachusetts with 3 beds making up the highest share of the market, at 29%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 76 units. Overall, the median number of rooms in Chelsea, Massachusetts homes for rent is 4.
Chelsea, Massachusetts Renter-occupied units by age of householder**
Most condos for rent in Chelsea, Massachusetts are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Chelsea, Massachusetts Renter-occupied housing units by family type**
Chelsea, Massachusetts Renter-occupied housing units by the presence of own children**
A total of 4,961 apartments for rent in Chelsea, Massachusetts, or 51% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 3,298 units. All in all, the median size of a renter-occupied household in Chelsea, Massachusetts is 2.83.
Chelsea, Massachusetts Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 32% of the homes for rent in Chelsea, Massachusetts.
Chelsea, Massachusetts Renter-occupied units by year structure built**
The highest share of Chelsea, Massachusetts apartment rentals, namely 44% or 4,246 units, were Built 1939 or earlier, followed by those Built 2010 - 2019 (12%, 1,147 units), and the ones Built 2000 - 2009 (8%, 817 units).
Chelsea, Massachusetts Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Chelsea, Massachusetts renters (41%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Chelsea, Massachusetts condos for rent is 2016.
Chelsea, Massachusetts Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Chelsea, Massachusetts renters have 1 vehicle available per household, 35% of them have No vehicle available, and 16% have 2 vehicles available.
Chelsea, Massachusetts Means of transportation to work of householders living in renter-occupied housing units**
Chelsea, Massachusetts Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Chelsea, Massachusetts apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
