Syracuse apartment rent prices for one-bedroom units rise in October

SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area rose 1 percent in October from the previous month and increased more than 4 percent from a year earlier.

That’s according to the latest Zumper National Rent Report, issued on Oct. 25.

The median rental price of one-bedroom apartments in the Syracuse region was $970 in October, up 1 percent from $960 in September, but was up 4.3 percent from the $930 median price seen in October 2022, according to Zumper, an apartment rental-listings website. 

The median rental rate for two-bedroom units in the Syracuse area was $1,230 in October, unchanged from September, but up 0.8 percent from $1,220 in the year-prior month.

Syracuse now ranks as tied for the 83rd most expensive rental market (or tied for 17th 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.