What is the average apartment size in Gramercy Park, Manhattan, NY?

The average size for a Gramercy Park, Manhattan, NY apartment is 521 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Gramercy Park?

As of Mar / 2026, the average rent in Gramercy Park is $4,158 per month, a 6.61% decrease from last years average of $4,453.

How much does rent cost by apartment size in Gramercy Park?

In Gramercy Park, studios rent for $3,857 per month, one-bedroom units average $5,536 per month, two-bedrooms cost around $6,061 per month.

What is the average apartment size in Gramercy Park?

The typical apartment in Gramercy Park offers about 521 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Gramercy Park?

Studio apartments in Gramercy Park average 436 sq. ft., one-bedrooms offer 735 sq. ft., two-bedrooms are about 965 sq. ft.

Gramercy Park, Manhattan, NY Rental Market Trends

Q: Do most people rent or own in Gramercy Park?

In Gramercy Park, 66% of households rent while 34% own their homes, based on the latest U.S. Census data.

Last updated: May 17, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Gramercy Park is $4,158, a 6.61% decrease compared to the previous year, when the average rent was $4,453.

Studio Apartments at $3,857 offer the most budget-friendly option with 436 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 735 square feet for $5,536, balancing privacy and affordability.

Two-beedroom units at $6,061 offer 965 square feet, perfect for roommates or small families.

Average rent in Gramercy Park, Manhattan, NY

Last updated: May 17, 2026

	Average Rent	Average Apartment Size
All Rentals	$4,158	521 sq. ft.
Studio	$3,857	436 sq. ft.
1 Bed	$5,536	735 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 decreased by 6.61% over the past year. The average rent moved from $4,453 to $4,158.

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?

Harlem $2,473/month

Washington Heights $3,211/month

East Harlem $3,920/month

All of these neighborhoods fall below the city wide average of $5,345/month.

Most expensive neighborhoods in Gramercy Park?

Sutton Place $6,620/month

NoLIta $6,954/month

Flatiron District $7,093/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Manhattan, NY By Neighborhood

Neighborhood	Average Rent
Flatiron District	$7,093
NoLIta	$6,954
Sutton Place	$6,620
TriBeCa	$6,506
NoMad	$6,452
NoHo	$6,410
Central Midtown	$6,191
Lincoln Square	$5,996
Lower East Side	$5,970
Financial District	$5,957
Chelsea	$5,938
East Village	$5,779
Kips Bay	$5,755
Turtle Bay	$5,596
Murray Hill	$5,575
Manhattan Valley	$5,546
Theatre District - Times Square	$5,417
West Village	$5,381
Carnegie Hill	$5,256
Clinton - Hell's Kitchen	$5,221
Greenwich Village	$5,167
Lenox Hill	$5,114
Yorkville	$5,088
Upper West Side	$4,933
Garment District	$4,745
Civic Center	$4,639
Morningside Heights	$4,377
Gramercy Park	$4,158
East Harlem	$3,920
Washington Heights	$3,211
Harlem	$2,473

Manhattan | Rent Comparison by Neighborhood

Rent in Gramercy Park is 21% lower than in Carnegie Hill

$4,158

Gramercy Park rent is the same as Manhattan average

Average Rent $4,158

$5,256

Carnegie Hill rent is 26% higher than Manhattan average

Average Rent $5,256

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.