Apartments for Rent in Gramercy Park, New York, NY

Gramercy Park, New York apartment availability

Gramercy Park's rental market offers a very strong selection of listings, with an average of 346 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom apartments. Many of these apartments offer desirable amenities, including on-site laundry, available in 73% of listings, and hardwood floors, found in 72% of rentals. Additionally, 64% of apartments in Gramercy Park are pet-friendly, making it a great option for renters with furry friends. With its varied inventory and range of amenities, Gramercy Park is a popular choice for renters in New York.

Gramercy Park, New York rental market trends

The Gramercy Park rental market experienced a slight decline in 2024, with average monthly rents decreasing by 1.3% to $5,099. However, this trend varies by bedroom count. Average rents for 1-bedrooms increased by 3.2% to $4,896, while 2-bedrooms saw a more significant increase of 6.9% to $5,390. Studios also saw a modest increase of 3.7% to $3,736.

The summer months tend to see the highest demand and prices in Gramercy Park, with June typically being the most expensive month. Rents in June are approximately 9.6% higher than in November, the month with the lowest average rent. If you're looking for a new apartment, November may be a good time to find a deal. On the other hand, if you're looking to rent during the peak season, be prepared for higher prices and more competition.

Why Gramercy Park, New York is a great place to live

Gramercy Park is a top choice for renters prioritizing fitness and social living. Apartments in the area often feature onsite gym equipment, ample natural lighting, and access to health and wellness events, making it easy to maintain an active lifestyle. Additionally, the neighborhood's numerous gyms, yoga studios, and fitness centers provide plenty of options for staying physically fit. When it comes to socializing, Gramercy Park's restaurants, parks, and recreational spaces offer ample opportunities to connect with friends and community. The area's well-developed street infrastructure, emphasis on safety, and convenient transit options also make it simple to get around and meet up with others. Overall, Gramercy Park's unique blend of fitness and social opportunities make it an attractive choice for renters seeking a balanced lifestyle.