Monthly Rent Report
Gramercy Park Rent Report — May 2024
Asking rents in ZIP 10010, New York City, from 809 listings.
Median 1BR rent in Gramercy Park was $5,285 in May 2024, up 5.7% (+$285) from April 2024 and down 0.3% year-over-year. The middle half of 1BR listings asked between $4,311 and $6,166. That puts Gramercy Park $2,860 above the New York City citywide 1BR median of $2,425. The month's figures are based on 809 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,025 | −$532 (-11.7%) | −$781 (-16.3%) | $3,468 – $4,600 | 115 |
| Studio | $3,583 | −$974 (-21.4%) | −$1,223 (-25.5%) | $3,284 – $4,958 | 36 |
| Studio | $3,295 | −$1,262 (-27.7%) | −$1,511 (-31.4%) | $2,849 – $3,460 | 6 |
| 1BR | $5,285 | +$285 (+5.7%) | −$15 (-0.3%) | $4,311 – $6,166 | 62 |
| 1BR | $5,498 | +$498 (+10.0%) | +$198 (+3.7%) | $4,405 – $6,261 | 294 |
| 1BR | $6,250 | +$1,250 (+25.0%) | +$950 (+17.9%) | $6,250 – $6,250 | 1 |
| 2BR | $3,645 | −$2,025 (-35.7%) | −$2,850 (-43.9%) | $3,620 – $3,670 | 2 |
| 2BR | $5,775 | +$105 (+1.9%) | −$720 (-11.1%) | $4,495 – $9,448 | 35 |
| 2BR | $5,950 | +$280 (+4.9%) | −$545 (-8.4%) | $4,995 – $7,510 | 169 |
| 3BR | $6,850 | +$50 (+0.7%) | +$664 (+10.7%) | $5,795 – $8,349 | 50 |
| 3BR | $6,495 | −$305 (-4.5%) | +$309 (+5.0%) | $5,795 – $7,840 | 19 |
| 3BR | $7,700 | +$900 (+13.2%) | +$1,514 (+24.5%) | $7,690 – $7,780 | 3 |
| 4BR | $9,000 | +$2,500 (+38.5%) | +$53 (+0.6%) | $8,625 – $9,450 | 6 |
| 4BR | $8,400 | +$1,900 (+29.2%) | −$547 (-6.1%) | $8,400 – $8,400 | 1 |
| 4BR | $7,595 | +$1,095 (+16.8%) | −$1,352 (-15.1%) | $7,370 – $11,645 | 6 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Gramercy Park vs. New York City — May 2024
| Bedrooms | Gramercy Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,025 | $2,350 | +$1,675 (+71.3%) |
| Studio | $3,583 | $2,350 | +$1,233 (+52.4%) |
| Studio | $3,295 | $2,350 | +$945 (+40.2%) |
| 1BR | $5,285 | $2,425 | +$2,860 (+117.9%) |
| 1BR | $5,498 | $2,425 | +$3,073 (+126.7%) |
| 1BR | $6,250 | $2,425 | +$3,825 (+157.7%) |
| 2BR | $3,645 | $2,914 | +$732 (+25.1%) |
| 2BR | $5,775 | $2,914 | +$2,862 (+98.2%) |
| 2BR | $5,950 | $2,914 | +$3,037 (+104.2%) |
| 3BR | $6,850 | $3,600 | +$3,250 (+90.3%) |
| 3BR | $6,495 | $3,600 | +$2,895 (+80.4%) |
| 3BR | $7,700 | $3,600 | +$4,100 (+113.9%) |
| 4BR | $9,000 | $4,250 | +$4,750 (+111.8%) |
| 4BR | $8,400 | $4,250 | +$4,150 (+97.6%) |
| 4BR | $7,595 | $4,250 | +$3,345 (+78.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.