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 $3,750 for a studio rental to $7,949 for a 4-bedroom rental. The median price of all currently available listings is $5,515, or roughly $8 per square feet.
For the apartment units and housing in January 2025, median rents have risen substantially over the last year. Studio rentals prices have decreased by $138 (-3.80%) year-over-year from $3,638 to $3,500. 1-bedroom rentals prices have increased by $1,034 (23.14%) year-over-year from $4,466 to $5,500. 2-bedroom rentals prices have increased by $8 (0.13%) year-over-year from $5,742 to $5,750. 3-bedroom rentals prices have increased by $550 (8.53%) year-over-year from $6,445 to $6,995. 4-bedroom rentals prices have decreased by $1,665 (-16.38%) year-over-year from $10,165 to $8,500. 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 4.68% this month. 1-bedroom rents have gone up by 7.33% this month. 2-bedroom rents have gone up by 7.41% this month. 3-bedroom rents have gone up by 4.48% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.45 $3,500 $3,638 (-3.80%) $3,100 (12.89%)
1 BR $9.30 $5,500 $4,466 (23.14%) $3,997 (37.61%)
2 BR $8.32 $5,750 $5,742 (0.13%) $4,997 (15.08%)
3 BR $6.10 $6,995 $6,445 (8.53%) $5,763 (21.37%)
4+ BR $5.44 $8,500 $10,165 (-16.38%) $7,328 (15.99%)

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 $3,500 per month. A total of 13 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Gramercy Park, New York, NY is Spring Lake, NJ. Monthly rents here are on average $8,500 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 60.13% more expensive than other cities nearby. One bedrooms are about 51.95% more expensive. Two bedrooms in Gramercy Park, New York, NY are about 34.49% more expensive. Finally, rent for three bedrooms are about 39.96% 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
Yonkers, NY $1,600 $2,100 $2,638 $2,675
Asbury Park, NJ $1,875 $2,200 $2,800 $2,850
Stamford, CT $2,117 $2,275 $3,000 $2,975
White Plains, NY $2,175 $2,650 $3,600 $3,448
Long Beach, NY $2,000 $2,688 $3,500 $3,500
Ocean Grove, NJ $1,495 $2,750 $2,750 $3,500
Long Branch, NJ N/A $3,000 $4,250 $3,900
Belmar, NJ N/A $2,800 $15,000 $3,950
New York, NY $3,412 $4,150 $5,195 $4,203
Harrison, NY $2,745 $3,090 $4,246 $4,358

Top Neighborhoods Near Gramercy Park

There are a total of 54 neighborhoods in or near Gramercy Park. Some of these neighborhoods include Bowery, Boerum Hill, and Long Island City. We've included the top 30 neighborhoods out of 54 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 $4,300 per month. A total of 48 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Gramercy Park, Brooklawn - St. Vincent has the most affordable average rent at $1,800 per month. Whereas, at $12,000 average rent per month, SoHo is the most expensive neighborhood in or near Gramercy Park. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Bowery, New York, NY $2,800 $3,499 $4,995 $3,948
Boerum Hill, New York, NY $3,400 $3,925 $5,425 $4,000
Long Island City, New York, NY $3,269 $3,830 $5,698 $4,000
Murray Hill, New York, NY $3,325 $4,260 $6,100 $4,066
Financial District, New York, NY $3,500 $4,415 $6,350 $4,150
Clinton Hill, New York, NY $3,050 $3,913 $5,042 $4,198
Fort Greene, New York, NY $3,475 $4,275 $5,992 $4,250
Hell's Kitchen, New York, NY $3,488 $4,060 $5,858 $4,250
Downtown Brooklyn, New York, NY $3,447 $4,250 $5,700 $4,354
Kips Bay, New York, NY $3,704 $4,000 $5,393 $4,400
East Village, New York, NY $2,800 $3,695 $4,495 $4,495
NoLita, New York, NY N/A $4,395 $5,495 $4,495
Midtown South, New York, NY $3,955 $4,600 $7,300 $4,500
Hudson Yards, New York, NY $3,480 $4,495 $6,623 $4,573
Midtown East, New York, NY $3,400 $4,500 $6,075 $4,750
Williamsburg, New York, NY $3,900 $4,770 $5,200 $4,760
Lower East Side, New York, NY $3,413 $4,623 $4,623 $4,765
Little Italy, New York, NY $3,250 $4,250 $5,000 $4,875
Midtown, New York, NY $3,490 $4,407 $7,420 $5,000
Chelsea, New York, NY $3,750 $5,450 $7,758 $5,000
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,017 $6,054 $5,097
Greenpoint, New York, NY $3,516 $4,420 $6,025 $5,123
West Village, New York, NY $4,800 $5,400 $7,575 $5,350
Greenwich Village, New York, NY $3,900 $5,700 $5,500 $5,500
Flatiron District, New York, NY $4,650 $5,600 $9,487 $5,500
Brooklyn Heights, New York, NY $3,300 $4,241 $8,325 $5,600
NoMad, New York, NY $4,395 $5,672 $8,403 $5,722
Battery Park City, New York, NY $3,853 $4,836 $9,100 $6,241
Tribeca, New York, NY $4,510 $5,925 $8,850 $7,595
SoHo, New York, NY $3,400 $5,000 $13,373 $12,000

Top Counties Near Gramercy Park

There are a total of 54 counties located by Gramercy Park, New York, NY. Some of these counties include Yonkers, NY, Woodbridge, NJ, and Bronx, New York, NY. The average rent for rentals in these counties is $3,450. That's roughly around $3 per sqft. A total of 30 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,000. Vice versa, with an average rent of $8,500, Spring Lake, NJ is the most expensive county by Gramercy Park, New York, NY.

Typically, rent for studios in Gramercy Park, New York, NY is 57.33% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Gramercy Park, New York, NY is 53.76% more expensive than other counties nearby. Finally, rent for two bedrooms in Gramercy Park, New York, NY is 38.13% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Yonkers, NY $1,600 $2,100 $2,638 $2,675
Woodbridge, NJ N/A $1,888 $2,500 $2,775
Bronx, New York, NY $2,450 $2,575 $3,009 $3,080
Queens, New York, NY $2,959 $2,850 $3,499 $3,270
Long Beach, NY $2,000 $2,688 $3,500 $3,500
Hempstead, NY $2,050 $2,663 $3,175 $3,600
Brooklyn, New York, NY $3,415 $3,600 $4,250 $3,858
Greenburgh, NY $1,900 $2,425 $3,750 $3,975
Manhattan, New York, NY $3,471 $4,400 $5,895 $4,500
North Hempstead, NY N/A $2,650 $3,975 $4,575

Top Zipcodes Near Gramercy Park

There are a total of 5 zipcodes in or near Gramercy Park, New York, NY. The average rent for all of these zipcodes is $3,300. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 10035, New York, NY at $2,957 per month. In comparison, the zipcode with the most expensive average rent of $4,950 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,700. That's at least $4 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 $3,260 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,695 per month. Which comes out to $4 per sqft. The following chart includes the top 5 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
10023, New York, NY $3,100 $4,950 $8,060 $4,950
10128, New York, NY $3,350 $4,100 $5,415 $3,925
10035, New York, NY $2,299 $2,725 $2,950 $2,957
11375, New York, NY $2,700 $3,260 $3,695 $3,300
10463, New York, NY $2,500 $2,685 $3,400 $3,070

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 $5,515. 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 $3,750 and an average price per square feet of $8.45. There are a total of 51 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 $5,515 and an average price per square feet of $9.30. There are a total of 64 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 $8.32. There are a total of 55 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 0.23%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.09% 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 $4,412/month. You can search for these reasonably priced rental listings on RentHop.
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