Gramercy Park, Manhattan, NY Rental Market Trends
Last updated: October 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Gramercy Park is $5,437, a 6.85% increase compared to the previous year, when the average rent was $5,088.
Studio Apartments at $4,855 offer the most budget-friendly option with 450 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 711 square feet for $5,434, balancing privacy and affordability.
Two-bedroom units at $6,061 offer 965 square feet, perfect for roommates or small families.
Average rent in Gramercy Park, Manhattan, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,437 | 668 sq. ft. |
| Studio | $4,855 | 450 sq. ft. |
| 1 Bed | $5,434 | 711 sq. ft. |
| 2 Beds | $6,061 | 965 sq. ft. |
| 3 Beds | n/a | n/a |
Gramercy Park, Manhattan, NY rent trends
Rental prices in Gramercy Park, Manhattan, NY have increased by 6.85% over the past year. The average rent moved from $5,088 to $5,437.
Do most people rent or own in Gramercy Park, Manhattan, NY?
5,693 or 66% of the households in Gramercy Park, Manhattan, NY are renter-occupied while 2,976 or 34% are owner-occupied.
Most affordable neighborhoods in Gramercy Park?
Marble Hill $1,895/month
Inwood $2,276/month
Washington Heights $3,211/month
All of these neighborhoods fall below the city wide average of $5,769/month.Most expensive neighborhoods in Gramercy Park?
Lincoln Square $6,673/month
Flatiron District $7,093/month
Sutton Place $7,318/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Manhattan, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sutton Place | $7,318 |
| Flatiron District | $7,093 |
| Lincoln Square | $6,673 |
| Central Midtown | $6,601 |
| NoMad | $6,517 |
| TriBeCa | $6,506 |
| NoHo | $6,410 |
| Greenwich Village | $6,405 |
| Upper West Side | $6,315 |
| NoLIta | $6,236 |
| Murray Hill | $6,216 |
| Lower East Side | $6,081 |
| West Village | $6,060 |
| Chelsea | $6,015 |
| Manhattan Valley | $5,985 |
| Kips Bay | $5,927 |
| Battery Park City | $5,916 |
| Financial District | $5,814 |
| Turtle Bay | $5,739 |
| Lenox Hill | $5,682 |
| East Village | $5,674 |
| Carnegie Hill | $5,448 |
| Gramercy Park | $5,437 |
| Clinton - Hell's Kitchen | $5,431 |
| Theatre District - Times Square | $5,413 |
| Yorkville | $5,260 |
| Koreatown | $4,840 |
| Garment District | $4,745 |
| Roosevelt Island | $4,703 |
| Civic Center | $4,639 |
| Morningside Heights | $4,377 |
| Harlem | $3,968 |
| East Harlem | $3,471 |
| Washington Heights | $3,211 |
| Inwood | $2,276 |
| Marble Hill | $1,895 |
Manhattan | Rent Comparison by Neighborhood
Rent in Gramercy Park is 8% lower than in Battery Park City
Gramercy Park rent is the same as Manhattan average
Battery Park City rent is 9% 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.