Gramercy Park, Manhattan, NY Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Gramercy Park is $5,204, a 22.47% increase compared to the previous year, when the average rent was $4,249.
Studio Apartments at $4,445 offer the most budget-friendly option with 460 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 598 square feet for $5,500, balancing privacy and affordability.
Two-beedroom units at $6,061 offer 965 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,565 sq ft) for $6,318, suitable for larger households.
Average rent in Gramercy Park, Manhattan, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,204 | 587 sq. ft. |
| Studio | $4,445 | 460 sq. ft. |
| 1 Bed | $5,500 | 598 sq. ft. |
| 2 Beds | $6,061 | 965 sq. ft. |
| 3 Beds | $6,318 | 1,565 sq. ft. |
Gramercy Park, Manhattan, NY rent trends
Rental prices in Gramercy Park, Manhattan, NY have increased by 22.47% over the past year. The average rent moved from $4,249 to $5,204.
Do most people rent or own in Gramercy Park, Manhattan, NY?
6,010 or 67% of the households in Gramercy Park, Manhattan, NY are renter-occupied while 2,895 or 33% are owner-occupied.
Most affordable neighborhoods in Gramercy Park?
Washington Heights $2,741/month
Inwood $2,815/month
Harlem $3,315/month
All of these neighborhoods fall below the city wide average of $5,706/month.Most expensive neighborhoods in Gramercy Park?
Lincoln Square $7,061/month
Sutton Place $7,431/month
Lenox Hill $7,504/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Manhattan, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Lenox Hill | $7,504 |
| Sutton Place | $7,431 |
| Lincoln Square | $7,061 |
| TriBeCa | $6,506 |
| NoHo | $6,410 |
| Greenwich Village | $6,149 |
| NoMad | $6,083 |
| Upper West Side | $6,048 |
| Lower East Side | $5,865 |
| Flatiron District | $5,836 |
| Kips Bay | $5,836 |
| Yorkville | $5,807 |
| Battery Park City | $5,787 |
| Manhattan Valley | $5,779 |
| Chelsea | $5,698 |
| Clinton - Hell's Kitchen | $5,630 |
| Murray Hill | $5,605 |
| Financial District | $5,581 |
| Carnegie Hill | $5,579 |
| West Village | $5,493 |
| Gramercy Park | $5,204 |
| Theatre District - Times Square | $5,067 |
| East Village | $4,915 |
| Central Midtown | $4,909 |
| Central Park South | $4,807 |
| Garment District | $4,745 |
| Turtle Bay | $4,702 |
| Koreatown | $4,673 |
| Roosevelt Island | $4,260 |
| East Harlem | $3,802 |
| Harlem | $3,315 |
| Inwood | $2,815 |
| Washington Heights | $2,741 |
Manhattan | Rent Comparison by Neighborhood
Rent in Gramercy Park is 10% lower than in Battery Park City
Gramercy Park rent is the same as Manhattan average
Battery Park City rent is 11% higher than Manhattan average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Gramercy Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.