Chelsea
Studio • 1 Bath • 540 Sq Ft
Starting at $1,305/mo
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$1,305 – $2,485/mo
As of October 13, 2026, The Gramercy Apartments in Raleigh, NC has 27 apartments for rent from $1,305 to $2,485/mo. Studios start at $1,305, one-bedrooms at $1,500, and two-bedrooms at $1,910. The average asking rent has risen 5.4% since March 25, 2026, from $1,564 to $1,649.
8 floor plans · 27 available units · Prices checked October 13, 2026
Studio • 1 Bath • 540 Sq Ft
Starting at $1,305/mo
Studio • 920 Sq Ft
Starting at $2,325/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 339 | $2,325 | 920 | Nov 27 |
1 Bedroom • 1 Bath • 691 Sq Ft
Starting at $1,500/mo
1 Bedroom • 1 Bath • 692 – 754 Sq Ft
Starting at $1,560/mo
1 Bedroom • 1 Bath • 856 Sq Ft
Starting at $1,680/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 605 | $1,680 | 856 | Oct 10 |
2 Bedrooms • 2 Baths • 974 Sq Ft
Starting at $1,910/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 622 | $1,910 | 974 | Nov 7 |
2 Bedrooms • 2 Baths • 1,166 Sq Ft
Starting at $2,395/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 617 | $2,395 | 1,166 | Oct 8 |
2 Bedrooms • 2 Baths • 1,380 Sq Ft
Starting at $2,485/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 534 | $2,485 | 1,380 | Oct 16 |
See all 86 units listed at The Gramercy Apartments, including ones no longer available.
Over the past year, the average asking rent at The Gramercy Apartments has ranged from $1,375 to $1,741. The current average is $1,649, up $85 (5.4%) from $1,564 at the start.
| Month | Average asking rent | Lowest – highest | Units listed |
|---|---|---|---|
| Oct 2026 | $1,646 | $1,305 – $2,485 | 27 |
| Sep 2026 | $1,676 | $1,305 – $2,495 | 27 |
| Aug 2026 | $1,668 | $1,320 – $2,565 | 22 |
| Jul 2026 | $1,594 | $1,320 – $2,565 | 12 |
| Jun 2026 | $1,454 | $1,250 – $1,885 | 9 |
| May 2026 | $1,565 | $1,160 – $2,045 | 26 |
| Apr 2026 | $1,550 | $1,160 – $1,960 | 36 |
| Mar 2026 | $1,561 | $1,260 – $1,960 | 33 |
Rent
$1,305 – $2,485/moEarliest move-in
Aug 3Community Amenity Fee | $25/mo |
Community Amenity Fee | $60/mo |
Month-to-Month Fee | $500/mo |
Parking - Reserved | $75/mo |
Pest Control Services | $6/mo |
Pet Management - Third Party | $25/mo |
Pet Rent | $25/mo |
Short Term Rental | $50/mo |
Storage Space Rental | $25/mo |
Trash Services - Doorstep | $34/mo |
Utility - Billing Administrative Fee | $5.35/mo |
Administrative Fee | $150 |
Application Fee | $85 |
Pet Fee | $300 |
Pet Fee - Additional Pet | $150 |
Security Deposit (Refundable) | $250 |
The all-in monthly cost by apartment size, and how the rent compares across the Raleigh area.
$2,312/mo
$1,007/mo above the advertised rent
Rent
$1,305
Community Amenity Fee
$25
Community Amenity Fee
$60
Month-to-Month Fee
$500
Parking - Reserved
$75
Pest Control Services
$6
Pet Management - Third Party
$25
Pet Rent
$25
Short Term Rental
$50
Storage Space Rental
$25
Trash Services - Doorstep
$34
Utility - Billing Administrative Fee
$5
Electric and gas
$92
Internet
$71
Renters insurance
$14
All-in monthly
$2,312
| Size | Rent from | All-in monthly | Income to qualify |
|---|---|---|---|
| Studio | $1,305 | $2,312 | $46,980/yr |
| 1 bedroom | $1,500 | $2,518 | $54,000/yr |
| 2 bedrooms | $1,910 | $2,975 | $68,760/yr |
Landlords commonly look for a monthly income of three times the rent, about $46,980 a year for the $1,305 studio. The median renter household in Raleigh earns $59,538 a year.
The median one-bedroom at The Gramercy Apartments asks $1,580 a month, 27% above the Raleigh area's typical one-bedroom asking rent of $1,242. Typical asking rents across the area are down 1.4% from a year earlier.
| Size | Median asking rent here | Raleigh-area asking rent | Raleigh rent paid |
|---|---|---|---|
| Studio | $1,340 | — | $1,365 |
| 1 bedroom | $1,580 | $1,242 | $1,408 |
| 2 bedrooms | $2,395 | $1,367 | $1,576 |
Can you afford it? Rent affordability calculator for Raleigh
24-Hour Fitness Center
7,000-Sqft Clubhouse & Lounge
7,000-Sqft Of On-Site Retail
Air Conditioning
Bike Storage
Convenient Parking Garage
Dedicated Yoga & Spin Room
Dishwasher
Fitness Center
Garage Parking
Gated Access
Gourmet Coffee Bar
Outdoor Cabanas, Tvs & Fireplace
Patio/Balcony
Pet Friendly
Smoke Free
Swimming Pool
Swimming Pool W/Grills & Kitchen
Walk-In Closets
Washer/Dryer
650 W North St, Raleigh, NC, 27603
The Gramercy offers a vibrant downtown location with strong community amenities, responsive maintenance, and friendly staff that most residents appreciate. The prime Glenwood South location provides excellent walkability to restaurants and entertainment, though weekend noise from the surrounding nightlife is a consistent tradeoff. While the majority of residents report positive experiences with clean facilities and well-maintained units, a small number have experienced serious incidents and communication challenges during the leasing process.
The property offers an excellent downtown location with exceptional walkability to restaurants, bars, shops, and entertainment venues on Glenwood Avenue and nearby areas. Residents consistently praise proximity to transit, parks, and major retailers, along with convenient parking options. Weekend noise from the entertainment district and occasional train horns are noted trade-offs of the location, but most residents find the convenience worth the occasional disturbance.
Management and office staff consistently receive praise for professionalism, friendliness, and responsiveness to resident needs. Maintenance requests are typically addressed quickly, and the property maintains clear communication about community events and building updates. However, some residents have experienced delays in leasing office communication and responsiveness during the application process, and occasional issues with package handling and trash management have been noted.
The Gramercy offers well-maintained amenities including a popular pool, gym, and grilling area, with responsive maintenance and timely repairs. Common areas are consistently kept clean, and the property hosts regular community events and pool parties. Package handling through the mailroom and garage lockers is generally reliable, though some residents reported occasional package management issues. Most residents praise the amenities and maintenance responsiveness, though a small number noted concerns about parking garage maintenance and noise management.
The building features high-end finishes and is generally well-maintained with clean common areas, though some residents report structural concerns including parking deck deterioration and recurring mechanical failures. Noise is a significant issue for light sleepers, particularly from external street activity and neighboring units, with mixed reports on management responsiveness to complaints. Maintenance response times are typically quick when issues are reported, and the building's location near downtown amenities is consistently praised.
Maintenance staff consistently respond quickly to repair requests, with most issues addressed within one day. Residents report professional and proactive service from the maintenance team, including HVAC repairs, appliance replacements, and thermostat assistance. The property demonstrates strong follow-through on work orders and general responsiveness to resident needs.
Very Walkable
Some Transit
Very Bikeable
You only get a few chances to experience something so truly amazing. To have the world at your feet and extraordinary services at your immediate beck and call. To live in surroundings that demand so little and give back so much more. Incredible retail steps away. Nightlife that sparks a soulful experience. Catered anything. On-demand everything. Inspired by Manhattan, yet perfectly tailored to Raleigh. All done in a way that never loses its Southern charm. It's exactly the place you want to be. You can find me at The Gramercy.
Building
Apartment · Mid-RiseTotal units
203| School | Type | Level | Distance |
|---|---|---|---|
Saint Mary's School Private · High | Private | High | 0.3 mi |
The Exploris School Charter · Middle | Charter | Middle | 0.4 mi |
Edenton St United Methodist Dcc Private · Preschool | Private | Preschool | 0.4 mi |
Sacred Heart Cathedral School Private · Middle | Private | Middle | 0.4 mi |
Infant Toddler Center Private · Elementary | Private | Elementary | 0.5 mi |
Rehabilitation Center For Blind Public · High | Public | High | 0.9 mi |
Dorothea Dix Pre-School Private · Preschool | Private | Preschool | 1.2 mi |
Breakthrough School Development High Learning Private · High | Private | High | 1.7 mi |
Matthew Chapel Day Care Private · Preschool | Private | Preschool | 1.7 mi |
Vernon Malone College and Career Academy Public · High | Public | High | 2.2 mi |