Syracuse one-bedroom apartment rent prices decline over 2 percent in latest month, April Zumper report says

SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area fell more than 2 percent from the last month but was unchanged from a year ago, according to the April 2021 Zumper National Rent Report.

The median rental price of one-bedroom apartments in the Syracuse region was $830 in the latest month, down 2.4 percent from the $850 median price posted a month ago and the same as the $830 median of a year earlier, according to Zumper, an apartment-rental listings website. 

The median rental rates for two-bedroom units in the area was $1,000 in the April report, up 2 percent from $980 in the prior month, but down 1 percent from $1,010 in the year-earlier month.

Syracuse now ranks as the 82nd most expensive rental market (or 19th least expensive) 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.