Monthly Rent Report
Gramercy Park Rent Report — May 2023
Asking rents in ZIP 10010, New York City, from 374 listings.
Median 1BR rent in Gramercy Park was $3,995 in May 2023, down 2.3% (−$95) from April 2023 and down 27.4% year-over-year. The middle half of 1BR listings asked between $3,995 and $3,995. That puts Gramercy Park $1,518 above the New York City citywide 1BR median of $2,477. The month's figures are based on 374 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,500 | +$35 (+1.0%) | −$200 (-5.4%) | $3,200 – $4,270 | 52 |
| Studio | $3,585 | +$120 (+3.5%) | −$115 (-3.1%) | $3,295 – $3,635 | 13 |
| Studio | $4,806 | +$1,341 (+38.7%) | +$1,106 (+29.9%) | $4,781 – $4,831 | 2 |
| 1BR | $3,995 | −$95 (-2.3%) | −$1,505 (-27.4%) | $3,995 – $3,995 | 1 |
| 1BR | $4,225 | +$135 (+3.3%) | −$1,275 (-23.2%) | $3,948 – $4,595 | 26 |
| 1BR | $5,300 | +$1,210 (+29.6%) | −$200 (-3.6%) | $4,319 – $6,425 | 120 |
| 2BR | $6,600 | −$220 (-3.2%) | +$1,525 (+30.0%) | $6,600 – $6,600 | 1 |
| 2BR | $7,275 | +$455 (+6.7%) | +$2,200 (+43.3%) | $5,490 – $10,540 | 76 |
| 2BR | $6,495 | −$325 (-4.8%) | +$1,420 (+28.0%) | $5,856 – $6,680 | 28 |
| 3BR | $7,350 | +$3,555 (+93.7%) | +$1,153 (+18.6%) | $6,300 – $12,800 | 30 |
| 3BR | $7,875 | +$4,080 (+107.5%) | +$1,678 (+27.1%) | $7,000 – $8,408 | 5 |
| 3BR | $6,186 | +$2,391 (+63.0%) | −$11 (-0.2%) | $6,186 – $6,186 | 1 |
| 4BR | $16,000 | +$1,615 (+11.2%) | +$8,700 (+119.2%) | $16,000 – $16,000 | 1 |
| 4BR | $9,125 | −$5,260 (-36.6%) | +$1,825 (+25.0%) | $8,250 – $11,613 | 4 |
| 4BR | $8,948 | −$5,437 (-37.8%) | +$1,648 (+22.6%) | $8,149 – $11,613 | 8 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Gramercy Park vs. New York City — May 2023
| Bedrooms | Gramercy Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,500 | $2,450 | +$1,050 (+42.9%) |
| Studio | $3,585 | $2,450 | +$1,135 (+46.3%) |
| Studio | $4,806 | $2,450 | +$2,356 (+96.2%) |
| 1BR | $3,995 | $2,477 | +$1,518 (+61.3%) |
| 1BR | $4,225 | $2,477 | +$1,748 (+70.6%) |
| 1BR | $5,300 | $2,477 | +$2,823 (+113.9%) |
| 2BR | $6,600 | $2,800 | +$3,800 (+135.7%) |
| 2BR | $7,275 | $2,800 | +$4,475 (+159.8%) |
| 2BR | $6,495 | $2,800 | +$3,695 (+132.0%) |
| 3BR | $7,350 | $3,225 | +$4,125 (+127.9%) |
| 3BR | $7,875 | $3,225 | +$4,650 (+144.2%) |
| 3BR | $6,186 | $3,225 | +$2,961 (+91.8%) |
| 4BR | $16,000 | $4,000 | +$12,000 (+300.0%) |
| 4BR | $9,125 | $4,000 | +$5,125 (+128.1%) |
| 4BR | $8,948 | $4,000 | +$4,948 (+123.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.