Affordable apartments for rent in Gramercy Park

It shows apartments with asking rents at or below $4,500 in Gramercy Park. On Openigloo, affordable is a market-relative filter, not a government housing program.

No. These are market-rent apartments for rent that fall under the market-relative affordability threshold for Gramercy Park. They are not income-restricted, subsidized, NYCHA, HPD, Section 8, or housing-lottery units.

Openigloo sets it at the 25th percentile of gross rents for the Gramercy Park neighborhood in Manhattan, then clamps it to a safe floor and ceiling so the filter stays realistic.

The asking rent is only one part of the budget. Broker fees, security deposits, utilities, and move-in charges can raise the monthly and upfront cost, even when the rent fits the filter.

Since the current inventory is concentrated in studios and 1-bedrooms, check layout, storage, kitchen setup, and whether the unit works for your day-to-day routine before you apply.

Location within Gramercy Park, building age, amenities, lease length, and fee structure can all change the total cost. A lower asking rent may still come with higher deposits or less flexible lease terms.

Use building reviews and relisted-unit trends to compare condition and rent behavior across apartments for rent. In this neighborhood, the average building rating is 3.5/5 across 20 rated buildings, the average tenancy length is 11.5 months, and the average rent increase is 10.0% (building-level trends; individual units can differ).