That’s according to the March 2017 national rent report from Zumper, an apartment-rental listings website.
The median rental price of one-bedroom apartments in the Syracuse region rose 14.5 percent to $790 in the last year, while rental rates for two-bedroom units increased 4.2 percent to $1,000.
Syracuse now ranks as the 63rd most expensive rental market in the nation.
The Zumper National Rent Report analyzes rental data from more than 1 million active listings across the U.S. The company aggregates the data on a monthly basis to calculate median asking rents for the top 100 metro areas by population.
In comparison, the median rental price in Rochester was unchanged at $680 for one-bedroom apartments, but up 13.3 percent to $850 for two-bedroom units, per Zumper.
Contact The Business Journal News Network at news@cnybj.com