Average Rent in Gramercy Park, New York, NY

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Current Versus Historical Gramercy Park, New York, NY Rents

Gramercy Park rentals average $3,725 for a studio rental to $8,995 for a 4-bedroom rental. The median price of all currently available listings is $5,495, or roughly $9 per square feet.
For the apartment units and housing in July 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $133 (-3.57%) year-over-year from $3,733 to $3,600. 1-bedroom rentals prices have decreased by $74 (-1.55%) year-over-year from $4,799 to $4,725. 2-bedroom rentals prices have increased by $230 (4.37%) year-over-year from $5,265 to $5,495. 3-bedroom rentals prices have increased by $215 (3.04%) year-over-year from $7,080 to $7,295. 4-bedroom rentals prices have decreased by $1,391 (-12.33%) year-over-year from $11,276 to $9,885. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.92% this month. 1-bedroom rents have gone up by 1.09% this month. 2-bedroom rents have gone down by 1.20% this month. 3-bedroom rents have gone up by 5.29% this month. 4-bedroom rents have gone down by 18.50% this month.
Beds
Price / Sqft
Jul 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $9.60 $3,600 $3,733 (-3.57%) $2,845 (26.56%)
1 BR $10.05 $4,725 $4,799 (-1.55%) $3,665 (28.92%)
2 BR $8.64 $5,495 $5,265 (4.37%) $4,295 (27.94%)
3 BR $6.10 $7,295 $7,080 (3.04%) $4,995 (46.05%)
4+ BR $6.31 $9,885 $11,276 (-12.33%) $8,195 (20.62%)

Historical Rents in Gramercy Park, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Gramercy Park

There are a total of 15 cities nearby Gramercy Park. The average rent in Gramercy Park is currently $3,179 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near Gramercy Park, New York, NY is Ocean Beach, NY. Monthly rents here are on average $8,000 per month.

Let's compare Gramercy Park, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Gramercy Park, New York, NY is 50.34% more expensive than other cities nearby. One bedrooms are about 53.81% more expensive. Two bedrooms in Gramercy Park, New York, NY are about 36.76% more expensive. Finally, rent for three bedrooms are about 42.12% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near Gramercy Park, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Paterson, NJ $1,850 $1,850 $2,100 $2,250
Newark, NJ $1,800 $1,675 $2,050 $2,300
Elizabeth, NJ N/A $1,900 $2,200 $2,525
Fort Lee, NJ $1,900 $2,375 $3,505 $2,848
Jersey City, NJ $2,390 $3,271 $3,475 $3,179
Yonkers, NY $2,100 $2,598 $3,400 $3,290
Cliffside Park, NJ N/A $2,050 $3,975 $3,600
New York, NY $3,585 $4,354 $5,295 $4,495
New Rochelle, NY $2,250 $3,030 $4,690 $4,500
Long Beach, NY $2,400 $3,300 $3,800 $4,500

Top Neighborhoods Near Gramercy Park

There are a total of 51 neighborhoods in or near Gramercy Park. Some of these neighborhoods include NoHo, Brooklyn Heights, and Long Island City. We've included the top 30 neighborhoods out of 51 total neighborhoods in or near Gramercy Park, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Gramercy Park, New York, NY is currently around $4,434 per month. A total of 44 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Gramercy Park, East Side has the most affordable average rent at $2,201 per month. Whereas, at $8,000 average rent per month, Ocean Beach is the most expensive neighborhood in or near Gramercy Park. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
NoHo, New York, NY $3,950 $4,125 $7,350 $4,075
Brooklyn Heights, New York, NY $3,348 $4,100 $4,900 $4,154
Long Island City, New York, NY $3,365 $4,125 $6,150 $4,195
Flatiron District, New York, NY $4,100 $5,900 $10,500 $4,200
Bowery, New York, NY $2,800 $3,450 $4,798 $4,300
Fort Greene, New York, NY $3,495 $4,395 $4,925 $4,395
Financial District, New York, NY $3,695 $4,720 $6,780 $4,420
Murray Hill, New York, NY $3,400 $4,595 $7,407 $4,495
Downtown Brooklyn, New York, NY $3,484 $4,350 $6,000 $4,500
West Village, New York, NY $3,995 $4,650 $7,445 $4,550
Hell's Kitchen, New York, NY $3,700 $4,500 $5,885 $4,595
NoLita, New York, NY $3,390 $4,495 $6,495 $4,595
Midtown East, New York, NY $3,400 $4,475 $6,361 $4,625
Greenwich Village, New York, NY $4,100 $5,095 $4,395 $4,800
Midtown South, New York, NY $3,700 $4,800 $5,050 $4,850
Midtown, New York, NY $3,523 $4,750 $6,995 $4,968
Greenpoint, New York, NY $2,979 $4,000 $5,200 $4,973
Kips Bay, New York, NY $3,845 $4,070 $5,345 $4,995
Williamsburg, New York, NY $3,947 $4,699 $5,200 $5,000
Little Italy, New York, NY $3,900 $5,000 $5,495 $5,200
East Village, New York, NY $2,700 $3,850 $5,200 $5,295
Hudson Yards, New York, NY $3,590 $5,000 $7,600 $5,300
SoHo, New York, NY $3,850 $4,850 $5,400 $5,400
Chelsea, New York, NY $4,123 $5,476 $8,000 $5,405
Battery Park City, New York, NY $4,110 $5,209 $7,250 $5,750
NoMad, New York, NY $4,395 $5,663 $8,123 $5,781
Lower East Side, New York, NY $2,625 $4,195 $5,295 $5,995
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,057 $6,054 $6,100
DUMBO, New York, NY $3,873 $5,158 $7,034 $6,488
Tribeca, New York, NY $4,500 $5,999 $8,340 $7,195

Top Counties Near Gramercy Park

There are a total of 51 counties located by Gramercy Park, New York, NY. Some of these counties include Newark, NJ, Bloomfield, NJ, and Elizabeth, NJ. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 27 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,900. Vice versa, with an average rent of $5,000, Islip, NY is the most expensive county by Gramercy Park, New York, NY.

Typically, rent for studios in Gramercy Park, New York, NY is 48.99% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Gramercy Park, New York, NY is 46.17% more expensive than other counties nearby. Finally, rent for two bedrooms in Gramercy Park, New York, NY is 36.76% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Newark, NJ $1,800 $1,675 $2,050 $2,300
Bloomfield, NJ N/A $1,750 $2,300 $2,425
Elizabeth, NJ N/A $1,900 $2,200 $2,525
Fort Lee, NJ $1,900 $2,375 $3,505 $2,848
Jersey City, NJ $2,390 $3,271 $3,475 $3,179
Bronx, New York, NY $2,491 $2,625 $3,200 $3,200
Queens, New York, NY $2,919 $3,100 $3,702 $3,500
Cliffside Park, NJ N/A $2,050 $3,975 $3,600
Brooklyn, New York, NY $3,500 $3,893 $4,200 $4,000
Manhattan, New York, NY $3,600 $4,495 $5,599 $4,698

Top Zipcodes Near Gramercy Park

There are a total of 44 zipcodes in or near Gramercy Park, New York, NY. The average rent for all of these zipcodes is $4,596. A total of 39 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11226, New York, NY at $3,210 per month. In comparison, the zipcode with the most expensive average rent of $7,800 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,425. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Gramercy Park, New York, NY is $4,390 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,550 per month. Which comes out to $7 per sqft. The following chart includes the top 10 zipcodes in Gramercy Park, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10003, New York, NY $3,900 $4,845 $5,250 $5,070
10010, New York, NY $3,955 $4,878 $5,395 $4,995
10016, New York, NY $3,550 $4,384 $5,799 $4,850
10009, New York, NY $2,660 $3,798 $5,250 $5,295
10012, New York, NY $3,800 $4,495 $6,495 $4,495
10011, New York, NY $3,925 $5,423 $8,258 $4,750
10001, New York, NY $4,207 $5,422 $8,040 $5,440
10014, New York, NY $4,300 $4,650 $5,500 $4,650
10017, New York, NY $3,300 $4,475 $7,816 $4,595
10002, New York, NY $2,738 $4,195 $5,250 $5,873

Frequently Asked Questions - Gramercy Park Average Rents

What is the average rent price in Gramercy Park, New York, NY?
The average monthly rental price for Gramercy Park, New York, NY apartments for rent is approximately $5,495. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Gramercy Park, New York, NY rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Gramercy Park, New York, NY.
How much is a studio apartment in Gramercy Park, New York, NY?
The average monthly rental price for studio apartments is $3,725 and an average price per square feet of $9.60. There are a total of 35 studio apartment listings currently available for rent in Gramercy Park.
How much is a one bedroom apartment in Gramercy Park, New York, NY?
The average monthly rental price for one bedroom apartments is $4,895 and an average price per square feet of $10.05. There are a total of 52 one bedroom apartment listings currently available for rent in Gramercy Park.
How much is a two bedroom apartment in Gramercy Park, New York, NY?
The average monthly rental price for two bedroom apartments is $5,495 and an average price per square feet of $8.64. There are a total of 103 two bedroom apartment listings currently available for rent in Gramercy Park.
How have rent prices in Gramercy Park, New York, NY changed this year?
Rent prices for rentals in Gramercy Park, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by -0.04%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by 0.03% year-over-year.
What is a reasonable rent price in Gramercy Park, New York, NY?
A reasonable rent price in Gramercy Park, New York, NY is around $4,396/month. You can search for these reasonably priced rental listings on RentHop.
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