Syracuse apartment rent prices for one-bedroom units flat in August, but still up from last year, per Zumper report

SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area was unchanged in August compared to July but was significantly higher than a year ago.

That’s according to the latest Zumper National Rent Report, issued on Aug. 29.

The median rental price of one-bedroom apartments in the Syracuse region was $880 in August, unchanged from July rent levels, but was still 6 percent higher than the $830 median price posted in August 2021, according to Zumper, an apartment-rental listings website. 

The median rental rate for two-bedroom units in the Syracuse area was $1,220 in August, down 6.2 percent from $1,300 in July, but was up 18.4 percent from $1,030 in the year-prior month.

Syracuse now ranks as tied for the 91st most expensive rental market (or tied for 8th least expensive) among the top 100 metro areas by population, according to the report. 

The Zumper National Rent Report analyzes rental data from more than 1 million active listings across the U.S. The company aggregates the data monthly to calculate median asking rents for the top 100 metro areas.