1 Union Square South
1 Union Square South,
New York, NY 10003
$6,060 | 1 Bed
Gramercy Park is an oasis of greenery located in Midtown Manhattan. If you choose to rent here, you’ll be surrounded by lush beauty and have a quiet place to live away from the hustle and bustle of the city. Plus, the opportunity to live in a private, fenced neighborhood is a rare treasure in New York City.
So, what is it like to live in Gramercy Park? The namesake private park is completely fenced in and can only be opened with a special key. Residents who live around the park have keys that grant them access to the exclusive park. The only non-resident key holders are 12 guests at the Gramercy Park Hotel. Even if you don’t possess a key, the surrounding sidewalks are beautifully landscaped and popular with joggers.
The good news is that Stuyvesant Square Park is public. Residents adore the neighborhood because it’s quiet and safe, with a wide selection of restaurants and bars along Second Avenue and Third Avenue. Pete’s Tavern, one of New York’s oldest saloons, and is beloved by many locals.
The neighborhood is full of brownstones and luxury high-rises. On the weekends, you’ll find nearby Irving Plaza and Gramercy Theatre packed with concert-goers. The daytime here is pretty mellow, except when you walk into the shopping frenzy that is Union Square.
Pete's Tavern opened in 1864
Historical marker on the gate of Gramercy Park
Brownstones in Gramercy Park
The heart of Gramercy Park during a lovely spring day
A walk through Gramercy Park in the winter
Beautiful homes line the streets in Gramercy Park
As of July 2025, the average apartment rent in Gramercy Park is $3,315 for a studio, $3,957 for one bedroom, $6,142 for two bedrooms, and $6,451 for three bedrooms. Apartment rent in Gramercy Park has increased by 2.6% in the past year.
Studio
444 sq ft
Average Sq Ft
$3,315/month
Average Rent
1 BR
492 sq ft
Average Sq Ft
$3,957/month
Average Rent
2 BR
798 sq ft
Average Sq Ft
$6,142/month
Average Rent
3 BR
894 sq ft
Average Sq Ft
$6,451/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Rider's Paradise
out of 100 TransitScore® Rating
Living in this area is considered a rider’s paradise, with world-class transportation.
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Current Resident
1 years and 1 months ago•Niche Review
I love living in Gramercy as it's an easy commute to most other places in NYC. Additionally, it's quieter than other parts of Manhattan which makes it feel more like home. Overall, I've really enjoyed living here the past year.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.