Image of 307 East 18th Street #4B

This place is asking nearly $1,200 less than median price of a 1-bedroom rental in Gramercy Park.

This Gramercy Park 1-bedroom balances charm and convenience with good value. Listed for way below the local median rent, it’s a clear pick for our Rental of the Week.

Address: 307 E.  18th St. #4B

Price: $2,500

Size: 1-bedroom

Neighborhood: Gramercy Park

Best feature: This apartment has a compact layout with key features, including a dishwasher and a large closet in the living room. High ceilings, four exposures and a bit of exposed brick in the kitchen add a sense of ambiance. Also, the location is great: the building sits on a townhouse-lined, residential block just off of Second Avenue.

Why it’s a deal: At $2,500, the rent here is $1,198 below the median asking rent for 1-bedrooms in Gramercy Park, and $795 below the median for 1-bedrooms in Manhattan. That makes it a great deal.

Biggest drawback:  The apartment is small and basic. From the listing photos, it’s clear that there isn’t much storage space in the kitchen or the bathroom. It’s also on the fourth floor of a walk-up building.

under $2,500 Article continues below

See the listing: 307 E. 18th St. #4B, listed by David Neiman of Triplemint. 

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