1 Union Square South
1 Union Square South,
New York, NY 10003
$6,460
Studio
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 March 2026, the average apartment rent in Gramercy Park is $3,327 for a studio, $3,984 for one bedroom, $6,218 for two bedrooms, and $6,704 for three bedrooms. Apartment rent in Gramercy Park has increased by 1.7% in the past year.
Studio
444 sq ft
Average Sq Ft
$3,327/month
Average Rent
1 BR
492 sq ft
Average Sq Ft
$3,984/month
Average Rent
2 BR
802 sq ft
Average Sq Ft
$6,218/month
Average Rent
3 BR
901 sq ft
Average Sq Ft
$6,704/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Gramercy Park - New York, NY is for everyday living.
Exceptionally walkable
Walkability
Exceptional public transit
Transit
Somewhat drivable
Drivability
Exceptionally bikeable
Bikeability
Current Resident
1 years and 10 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.
Current Resident
2 years and 11 months ago•Niche Review
Good neighborhood in the heart of the city, with the private Gramercy Park at its heart. Lot's of nightlife, and family-friendly activities
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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 February 2026.