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 $3,711 for a studio rental to $8,500 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 November 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $58 (-1.56%) year-over-year from $3,748 to $3,690. 1-bedroom rentals prices have increased by $692 (14.85%) year-over-year from $4,658 to $5,350. 2-bedroom rentals prices have decreased by $987 (-16.50%) year-over-year from $5,982 to $4,995. 3-bedroom rentals prices have increased by $465 (7.12%) year-over-year from $6,530 to $6,995. 4-bedroom rentals prices have decreased by $1,333 (-13.56%) year-over-year from $9,833 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 up by 0.05% this month. 1-bedroom rents have gone up by 9.22% this month. 2-bedroom rents have gone down by 5.64% this month. 3-bedroom rents have gone down by 0.26% this month. 4-bedroom rents have gone down by 1.90% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$9.10	$3,690	$3,748 (-1.56%)	$2,988 (23.48%)
1 BR	$10.11	$5,350	$4,658 (14.85%)	$4,053 (32.02%)
2 BR	$8.38	$4,995	$5,982 (-16.50%)	$4,957 (0.77%)
3 BR	$6.05	$6,995	$6,530 (7.12%)	$5,365 (30.38%)
4+ BR	$5.79	$8,500	$9,833 (-13.56%)	$8,184 (3.86%)

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 $3,300 per month. A total of 16 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 $9,500 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 56.88% more expensive than other cities nearby. One bedrooms are about 60.36% more expensive. Two bedrooms in Gramercy Park, New York, NY are about 42.09% more expensive. Finally, rent for three bedrooms are about 41.30% 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
Newark, NJ	N/A	$1,300	$2,325	$2,325
West Babylon, NY	N/A	$2,395	$2,893	$2,500
Yonkers, NY	$2,100	$2,200	$2,800	$2,750
Stamford, CT	$1,750	$2,217	$2,975	$2,950
White Plains, NY	$2,275	$2,650	$3,600	$3,300
New Rochelle, NY	$2,413	$2,900	$3,500	$3,500
Long Beach, NY	$1,963	$2,600	$3,300	$3,500
Long Branch, NJ	N/A	$3,000	$3,775	$3,800
Harrison, NY	$2,620	$2,930	$4,108	$4,225
New York, NY	$3,450	$4,200	$5,042	$4,250

Top Neighborhoods Near Gramercy Park

There are a total of 59 neighborhoods in or near Gramercy Park. Some of these neighborhoods include Bowery, Murray Hill, and Long Island City. We've included the top 30 neighborhoods out of 59 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 $4,228 per month. A total of 52 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 $2,250 per month. Whereas, at $9,850 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	$2,899	$3,499	$4,880	$3,897
Murray Hill, New York, NY	$3,425	$4,250	$6,500	$4,057
Long Island City, New York, NY	$3,300	$3,995	$5,995	$4,092
Fort Greene, New York, NY	$3,600	$4,150	$4,275	$4,150
NoHo, New York, NY	$4,000	$4,585	$14,750	$4,150
Hell's Kitchen, New York, NY	$3,440	$4,000	$5,695	$4,200
Downtown Brooklyn, New York, NY	$3,428	$4,210	$5,846	$4,275
Financial District, New York, NY	$3,458	$4,500	$6,350	$4,325
Hudson Yards, New York, NY	$3,538	$4,490	$6,623	$4,416
East Village, New York, NY	$2,995	$3,795	$4,495	$4,495
NoLita, New York, NY	$9,943	$3,900	$5,495	$4,495
Midtown East, New York, NY	$3,375	$4,400	$6,000	$4,500
Kips Bay, New York, NY	$3,595	$4,255	$5,470	$4,550
Midtown South, New York, NY	$3,611	$4,940	$6,235	$4,731
Brooklyn Heights, New York, NY	$3,300	$4,250	$6,931	$4,735
Williamsburg, New York, NY	$3,850	$4,583	$5,031	$4,750
Greenwich Village, New York, NY	$4,125	$5,525	$7,798	$4,850
West Village, New York, NY	$3,925	$5,150	$6,725	$4,895
Lower East Side, New York, NY	$3,497	$4,325	$4,765	$4,990
Midtown, New York, NY	$3,700	$4,298	$6,600	$5,000
Greenpoint, New York, NY	$3,374	$4,250	$5,328	$5,009
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$4,920	$6,054	$5,057
Little Italy, New York, NY	$3,250	$4,500	$4,625	$5,295
Chelsea, New York, NY	$3,925	$5,600	$7,995	$5,398
NoMad, New York, NY	$4,335	$5,676	$8,291	$5,724
Flatiron District, New York, NY	$4,300	$5,775	$9,631	$5,800
DUMBO, New York, NY	$3,653	$4,950	$6,879	$5,995
Battery Park City, New York, NY	$4,132	$4,608	$8,540	$5,999
Tribeca, New York, NY	$4,675	$5,921	$8,541	$8,000
SoHo, New York, NY	$3,400	$5,200	$13,750	$9,850

Top Counties Near Gramercy Park

There are a total of 59 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 $3,400. That's roughly around $3 per sqft. A total of 31 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 $9,500, 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 53.51% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Gramercy Park, New York, NY is 54.95% more expensive than other counties nearby. Finally, rent for two bedrooms in Gramercy Park, New York, NY is 36.94% 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	$2,100	$2,200	$2,800	$2,750
Bronx, New York, NY	$2,150	$2,575	$3,200	$3,000
Queens, New York, NY	$2,850	$2,786	$3,498	$3,283
Hempstead, NY	$2,013	$2,500	$3,010	$3,413
New Rochelle, NY	$2,413	$2,900	$3,500	$3,500
Long Beach, NY	$1,963	$2,600	$3,300	$3,500
Brooklyn, New York, NY	$3,373	$3,689	$4,199	$3,850
Greenburgh, NY	$1,900	$2,700	$3,600	$4,100
Manhattan, New York, NY	$3,495	$4,395	$5,750	$4,495
North Hempstead, NY	$3,575	$2,600	$4,000	$4,538

Top Zipcodes Near Gramercy Park

There are a total of 6 zipcodes in or near Gramercy Park, New York, NY. The average rent for all of these zipcodes is $3,575. A total of 6 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 $2,863 per month. In comparison, the zipcode with the most expensive average rent of $4,631 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $2,998. 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 $3,525 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,370 per month. Which comes out to $5 per sqft. The following chart includes the top 6 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
10280, New York, NY	$3,812	$4,467	$6,429	$4,631
10023, New York, NY	$3,400	$4,950	$8,295	$4,548
10128, New York, NY	$3,350	$4,100	$5,295	$4,000
10035, New York, NY	$2,299	$2,713	$3,200	$2,863
11375, New York, NY	$2,645	$2,950	$3,445	$3,150
10463, New York, NY	$1,995	$2,720	$3,289	$2,995

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 $3,711 and an average price per square feet of $9.10. There are a total of 40 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 $5,550 and an average price per square feet of $10.11. There are a total of 78 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 $4,995 and an average price per square feet of $8.38. There are a total of 75 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 -0.02%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by -0.17%, and three bedroom rental prices have changed by 0.07% 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.