Syracuse apartment-rent prices rise in April, according to Zumper report

SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area rose more than 2 percent in April compared to March and nearly 4 percent from a year ago, according to the latest Zumper National Rent Report, issued on April 28.

The median rental price of one-bedroom apartments in the Syracuse region was $850 in April, up 2.4 percent from March and 3.7 percent higher than the $820 median price posted in April 2020, according to Zumper, an apartment-rental listings website. 

The median rental rate for two-bedroom units in the area was $1,050 in April, up 5 percent from $1,000 in the prior month, and up 6.1 percent from $990 in the year-earlier month.

Syracuse now ranks as tied for the 82nd most expensive rental market (or tied for 19th least expensive) — with Louisville, Kentucky — among the top 100 markets in the nation, per 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 by population.