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 $3,650 for a studio rental to $7,996 for a 4-bedroom rental. The median price of all currently available listings is $5,785, or roughly $9 per square feet.
For the apartment units and housing in February 2025, median rents have risen substantially over the last year. Studio rentals prices have decreased by $40 (-1.10%) year-over-year from $3,640 to $3,600. 1-bedroom rentals prices have increased by $901 (19.31%) year-over-year from $4,666 to $5,568. 2-bedroom rentals prices have increased by $414 (7.42%) year-over-year from $5,583 to $5,998. 3-bedroom rentals prices have increased by $533 (8.25%) year-over-year from $6,462 to $6,995. 4-bedroom rentals prices have decreased by $3,298 (-29.19%) year-over-year from $11,298 to $8,000. 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 0.09% this month. 1-bedroom rents have gone up by 6.95% this month. 2-bedroom rents have gone up by 9.13% this month. 3-bedroom rents have gone up by 2.99% this month. 4-bedroom rents have gone down by 4.00% this month.
Beds
Price / Sqft
Feb 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $9.31 $3,600 $3,640 (-1.10%) $3,100 (16.15%)
1 BR $10.11 $5,568 $4,666 (19.31%) $3,925 (41.85%)
2 BR $8.25 $5,998 $5,583 (7.42%) $4,982 (20.39%)
3 BR $6.10 $6,995 $6,462 (8.25%) $5,828 (20.02%)
4+ BR $5.00 $8,000 $11,298 (-29.19%) $6,662 (20.09%)

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 19 cities nearby Gramercy Park. The average rent in Gramercy Park is currently $4,200 per month. A total of 15 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,200, 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 $9,000 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 67.81% more expensive than other cities nearby. One bedrooms are about 55.24% more expensive. Two bedrooms in Gramercy Park, New York, NY are about 38.93% more expensive. Finally, rent for three bedrooms are about 35.67% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near Gramercy Park, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Yonkers, NY $2,150 $2,325 $2,700 $2,843
Stamford, CT $2,125 $2,298 $2,896 $2,900
Asbury Park, NJ $2,200 $2,450 $3,850 $3,250
Glen Cove, NY $2,550 $3,200 $3,525 $3,423
Long Beach, NY $2,000 $2,500 $3,600 $3,700
Long Branch, NJ N/A $3,050 $3,500 $4,000
Oakhurst, NJ N/A N/A N/A $4,200
Harrison, NY $2,723 $2,990 $4,019 $4,236
New York, NY $3,500 $4,275 $5,495 $4,263
New Rochelle, NY $2,799 $3,100 $4,384 $4,294

Top Neighborhoods Near Gramercy Park

There are a total of 52 neighborhoods in or near Gramercy Park. Some of these neighborhoods include Bowery, Long Island City, and Clinton Hill. We've included the top 30 neighborhoods out of 52 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 $4,270 per month. A total of 48 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 $2,294 per month. Whereas, at $8,500 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
Bowery, New York, NY $2,800 $3,500 $3,749 $3,450
Long Island City, New York, NY $3,300 $3,922 $5,816 $4,041
Clinton Hill, New York, NY $3,025 $3,998 $4,400 $4,050
Upper East Side, New York, NY $3,393 $4,168 $5,464 $4,070
Murray Hill, New York, NY $3,475 $4,395 $6,500 $4,084
Little Italy, New York, NY $3,500 $4,000 $5,395 $4,200
Hell's Kitchen, New York, NY $3,500 $4,051 $6,000 $4,240
Downtown Brooklyn, New York, NY $3,376 $4,272 $5,616 $4,324
Midtown South, New York, NY $3,800 $4,695 $5,950 $4,356
Fort Greene, New York, NY $3,500 $4,375 $6,268 $4,400
Financial District, New York, NY $3,495 $4,651 $6,385 $4,400
Kips Bay, New York, NY $3,850 $3,995 $5,495 $4,425
East Village, New York, NY $3,038 $3,795 $5,170 $4,650
Hudson Yards, New York, NY $3,600 $4,700 $6,995 $4,681
Greenpoint, New York, NY $3,484 $4,478 $5,727 $4,906
Brooklyn Heights, New York, NY $3,502 $4,309 $7,771 $4,907
NoLita, New York, NY N/A $4,995 $5,495 $4,995
Williamsburg, New York, NY $3,827 $4,695 $5,950 $5,000
Midtown East, New York, NY $3,495 $4,600 $6,300 $5,088
Midtown, New York, NY $3,675 $4,500 $6,895 $5,256
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,017 $6,179 $5,286
Chelsea, New York, NY $4,200 $5,482 $8,046 $5,295
Lower East Side, New York, NY $3,722 $3,995 $5,495 $5,299
West Village, New York, NY $4,495 $5,400 $6,650 $5,300
Flatiron District, New York, NY $4,200 $5,800 $8,696 $5,600
Greenwich Village, New York, NY $4,200 $5,700 $5,500 $5,650
NoMad, New York, NY $4,444 $5,768 $8,800 $5,683
Battery Park City, New York, NY $3,956 $5,062 $8,650 $6,375
Tribeca, New York, NY $4,588 $6,472 $10,100 $7,995
SoHo, New York, NY $3,195 $4,495 $13,500 $8,137

Top Counties Near Gramercy Park

There are a total of 52 counties located by Gramercy Park, New York, NY. Some of these counties include Yonkers, NY, Bronx, New York, NY, and Queens, New York, NY. The average rent for rentals in these counties is $3,750. 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 $2,200. Vice versa, with an average rent of $9,000, 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 46.58% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Gramercy Park, New York, NY is 55.24% more expensive than other counties nearby. Finally, rent for two bedrooms in Gramercy Park, New York, NY is 41.23% 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 $2,150 $2,325 $2,700 $2,843
Bronx, New York, NY $2,200 $2,500 $3,018 $3,100
Queens, New York, NY $3,000 $2,900 $3,429 $3,300
Glen Cove, NY $2,550 $3,200 $3,525 $3,423
Long Beach, NY $2,000 $2,500 $3,600 $3,700
Hempstead, NY $2,000 $2,500 $3,400 $3,700
Brooklyn, New York, NY $3,400 $3,800 $4,000 $3,800
North Hempstead, NY $1,900 $3,110 $3,885 $4,225
New Rochelle, NY $2,799 $3,100 $4,384 $4,294
Manhattan, New York, NY $3,525 $4,500 $5,995 $4,600

Top Zipcodes Near Gramercy Park

There are a total of 4 zipcodes in or near Gramercy Park, New York, NY. The average rent for all of these zipcodes is $3,492. A total of 4 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 $2,967 per month. In comparison, the zipcode with the most expensive average rent of $4,648 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $3,008. That's at least $6 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 $3,476 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,618 per month. Which comes out to $5 per sqft. The following chart includes the top 4 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 $3,407 $5,000 $8,215 $4,648
10128, New York, NY $3,350 $4,200 $5,735 $4,000
10035, New York, NY $2,531 $2,753 $3,000 $2,967
11375, New York, NY $2,665 $2,600 $3,500 $2,984

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 $5,785. 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 $3,650 and an average price per square feet of $9.31. There are a total of 42 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 $5,585 and an average price per square feet of $10.11. There are a total of 55 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 $5,895 and an average price per square feet of $8.25. There are a total of 66 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 -0.01%, one bedroom rental prices have changed by 0.19%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.08% 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 $4,628/month. You can search for these reasonably priced rental listings on RentHop.
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