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 $3,713 for a studio rental to $6,250 for a 4-bedroom rental. The median price of all currently available listings is $5,975, or roughly $9 per square feet.
For the apartment units and housing in February 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $97 (2.69%) year-over-year from $3,598 to $3,695. 1-bedroom rentals prices have increased by $96 (2.13%) year-over-year from $4,499 to $4,595. 2-bedroom rentals prices have increased by $362 (6.84%) year-over-year from $5,288 to $5,650. 3-bedroom rentals prices have increased by $267 (4.28%) year-over-year from $6,228 to $6,495. 4-bedroom rentals prices have decreased by $609 (-7.07%) year-over-year from $8,604 to $7,995. 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 up by 1.56% this month. 1-bedroom rents have gone up by 2.92% this month. 2-bedroom rents have gone down by 1.61% this month. 3-bedroom rents have gone up by 1.04% this month. 4-bedroom rents have gone down by 20.70% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $9.38 $3,695 $3,598 (2.69%) $2,386 (54.87%)
1 BR $8.95 $4,595 $4,499 (2.13%) $3,198 (43.67%)
2 BR $9.68 $5,650 $5,288 (6.84%) $3,618 (56.15%)
3 BR $5.87 $6,495 $6,228 (4.28%) $4,508 (44.07%)
4+ BR $9.60 $7,995 $8,604 (-7.07%) $6,628 (20.63%)

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 32 cities nearby Gramercy Park. The average rent in Gramercy Park is currently $3,135 per month. A total of 28 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,825, is the most affordable city nearby. In contrast, the most expensive city near Gramercy Park, New York, NY is Westport, CT. Monthly rents here are on average $17,250 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 58.59% more expensive than other cities nearby. One bedrooms are about 54.83% more expensive. Two bedrooms in Gramercy Park, New York, NY are about 45.47% more expensive. Finally, rent for three bedrooms are about 41.88% more expensive. Want more information? Check out the top 10 cities out of 32 total cities near Gramercy Park, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,250 $2,073 $2,169 $2,300
Hackensack, NJ N/A $1,900 $2,500 $2,340
Bayonne, NJ N/A $2,143 $2,400 $2,354
Union City, NJ N/A $2,100 $2,700 $2,748
West New York, NJ N/A $2,571 $2,800 $2,782
Jersey City, NJ $2,300 $2,775 $2,800 $2,900
Fort Lee, NJ $1,400 $2,625 $3,400 $3,045
Cliffside Park, NJ $1,525 $2,650 $3,150 $3,250
Hoboken, NJ $2,500 $3,171 $3,800 $3,376
New York, NY $3,350 $4,096 $4,899 $4,150

Top Neighborhoods Near Gramercy Park

There are a total of 57 neighborhoods in or near Gramercy Park. Some of these neighborhoods include The Heights, Bowery, and The Waterfront. We've included the top 30 neighborhoods out of 57 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 $3,880 per month. A total of 54 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Gramercy Park, Elmhurst has the most affordable average rent at $2,520 per month. Whereas, at $8,400 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
The Heights, Jersey City, NJ $875 $2,400 $2,800 $2,825
Bowery, New York, NY $2,600 $3,236 $3,795 $3,537
The Waterfront, Jersey City, NJ $2,966 $3,400 $4,600 $3,598
Clinton Hill, New York, NY $3,183 $3,500 $5,031 $3,600
NoHo, New York, NY $3,700 $3,875 $6,450 $3,875
Fort Greene, New York, NY $3,495 $4,245 $6,495 $3,880
Murray Hill, New York, NY $3,450 $3,882 $4,469 $3,900
Long Island City, New York, NY $3,350 $3,993 $5,700 $4,130
Downtown Brooklyn, New York, NY $3,475 $4,119 $5,700 $4,140
Financial District, New York, NY $3,418 $4,350 $5,729 $4,185
Hell's Kitchen, New York, NY $3,393 $4,053 $5,500 $4,395
Midtown East, New York, NY $3,275 $4,375 $5,850 $4,400
Williamsburg, New York, NY $3,725 $4,263 $4,160 $4,421
Kips Bay, New York, NY $3,675 $3,845 $4,995 $4,423
NoLita, New York, NY $3,495 $4,495 $4,995 $4,495
East Village, New York, NY $2,898 $3,595 $4,495 $4,495
Lower East Side, New York, NY $3,750 $3,250 $4,495 $4,495
Greenpoint, New York, NY $3,525 $4,400 $6,286 $4,800
Hudson Yards, New York, NY $3,705 $4,695 $6,788 $4,809
Midtown South, New York, NY $3,525 $4,900 $8,160 $4,880
Chelsea, New York, NY $3,500 $5,170 $7,621 $4,884
Greenwich Village, New York, NY $4,003 $5,195 $6,775 $5,075
Midtown, New York, NY $3,500 $4,400 $6,820 $5,100
West Village, New York, NY $3,650 $5,050 $6,273 $5,200
Battery Park City, New York, NY $3,500 $4,030 $7,255 $5,297
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,014 $6,257 $5,393
NoMad, New York, NY $4,419 $5,545 $8,591 $5,571
Flatiron District, New York, NY $3,999 $5,800 $8,825 $5,800
Tribeca, New York, NY $4,250 $5,720 $7,445 $7,155
SoHo, New York, NY $2,995 $3,900 $10,000 $7,622

Top Counties Near Gramercy Park

There are a total of 57 counties located by Gramercy Park, New York, NY. Some of these counties include Bayonne, NJ, West New York, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $3,322. That's roughly around $3 per sqft. A total of 38 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,825. Vice versa, with an average rent of $17,250, Westport, CT is the most expensive county by Gramercy Park, New York, NY.

Typically, rent for studios in Gramercy Park, New York, NY is 49.87% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Gramercy Park, New York, NY is 52.42% more expensive than other counties nearby. Finally, rent for two bedrooms in Gramercy Park, New York, NY is 46.79% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Bayonne, NJ N/A $2,143 $2,400 $2,354
West New York, NJ N/A $2,571 $2,800 $2,782
Jersey City, NJ $2,300 $2,775 $2,800 $2,900
North Bergen, NJ $2,900 $2,000 $2,900 $3,000
Fort Lee, NJ $1,400 $2,625 $3,400 $3,045
Queens, New York, NY $2,901 $2,750 $3,188 $3,188
Cliffside Park, NJ $1,525 $2,650 $3,150 $3,250
Hoboken, NJ $2,500 $3,171 $3,800 $3,376
Brooklyn, New York, NY $3,425 $3,759 $3,675 $3,650
Manhattan, New York, NY $3,378 $4,250 $5,495 $4,395

Top Zipcodes Near Gramercy Park

There are a total of 50 zipcodes in or near Gramercy Park, New York, NY. The average rent for all of these zipcodes is $4,391. A total of 46 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11375, New York, NY at $2,703 per month. In comparison, the zipcode with the most expensive average rent of $9,250 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,288. 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 $4,002 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,125 per month. Which comes out to $6 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 $3,400 $4,800 $5,150 $5,000
10010, New York, NY $3,750 $3,845 $5,600 $5,193
10016, New York, NY $3,450 $4,095 $4,850 $4,295
10009, New York, NY $2,600 $3,595 $4,495 $4,495
10012, New York, NY $3,495 $4,195 $5,395 $4,395
10011, New York, NY $3,300 $5,150 $6,775 $4,595
10001, New York, NY $4,195 $5,160 $7,995 $5,160
10014, New York, NY $4,446 $5,695 $7,475 $5,750
10017, New York, NY $3,300 $4,495 $6,800 $4,500
10002, New York, NY $3,750 $3,299 $4,495 $4,495

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 $5,975. 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 $3,713 and an average price per square feet of $9.38. There are a total of 44 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 $5,175 and an average price per square feet of $8.95. There are a total of 67 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 $5,660 and an average price per square feet of $9.68. There are a total of 94 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 0.03%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.04% 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 $4,780/month. You can search for these reasonably priced rental listings on RentHop.
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