Apartments for Rent in Broadway, Chelsea, MA

Broadway, Chelsea apartment availability

Broadway, Chelsea's rental market offers a strong selection of listings, with an average of 63 rentals available each month. The majority of these listings are 1-bedroom and 2-bedroom apartments, with a smaller number of studios and 3-bedroom apartments also available. Many of these apartments feature hardwood floors, a desirable amenity for renters. Pet owners will also find Broadway to be a welcoming neighborhood, with over 78% of apartments allowing cats and having pet-friendly policies with some restrictions. Overall, Broadway's diverse range of listings and amenities make it a popular choice for renters in Chelsea.

Broadway, Chelsea rental market trends

The Broadway, Chelsea rental market experienced a 5.39% year-over-year increase, with the average monthly rent reaching $2,515. Breaking it down by bed count, 1-bedrooms averaged $2,273 per month, a 6.71% annual increase, while 2-bedrooms averaged $2,820, a 3.69% increase. Studios rented for approximately $1,766, a modest 0.9% increase.

The summer months tend to see the highest demand and prices in Broadway, Chelsea, with May typically being the most expensive month. Rents in May are about 19% higher compared to January, the month with the lowest average rent. If you're looking for a new apartment, be prepared for more competition during the peak season. Conversely, if you're searching during the winter months, you may find relatively lower prices and less competition. January, in particular, may offer more affordable options, with rents about 19% lower than in May.

Why Broadway, Chelsea is a great place to live

Broadway in Chelsea stands out for its strong social scene and commitment to environmental sustainability. The neighborhood's high walk score and transit frequency make it an ideal spot for renters who value social living, with easy access to various amenities and opportunities to connect with others. Additionally, Broadway's focus on sustainability is evident in its use of non-toxic paint, sustainable materials in construction, and energy-efficient appliances. The presence of parks and recreation areas, community solar projects, and rainwater harvesting systems further contribute to its eco-friendly reputation. Overall, Broadway offers a unique blend of social vibrancy and environmental responsibility, making it an attractive choice for like-minded renters.