Rent-stabilized apartments for rent near L Train in Gramercy Park, Manhattan

It means the apartment falls into a regulated rent category with renewal protections and limits on certain rent increases. It is not the same as market-rate housing with no regulation.

There are 31+ apartments for rent in this scope, and the median rent is $5,274. That gives you a sense of how tight the inventory is and what budget range is common here.

No. Rent-stabilized is a regulation category, not an official affordable-housing program. It does not mean income-restricted, subsidized, NYCHA, HPD, Section 8, or lottery housing.

Openigloo uses the rent-stabilized filter to surface apartments in the regulated category for this page’s scope near the L Train in Gramercy Park, Manhattan. The filter is based on the page’s scope and listing data, not on income eligibility.

Confirm the current lease terms, renewal rules, any fees, the security deposit, and whether utilities are included. In rent-stabilized buildings, the details still matter because move-in costs and lease language can vary by unit.

Even within rent-stabilized housing, affordability changes with transit access, building age, amenities, and lease terms. A unit near the L Train in Gramercy Park may price differently from another nearby unit based on those factors.

Openigloo lets you compare apartments for rent with building and landlord reviews, so you can look for maintenance issues, management patterns, and lease details before you tour or apply.