Syracuse one-bedroom apartment rent prices edge up in latest month, according to March Zumper report

SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area rose more than 1 percent from the prior month and year-ago period, according to the March 2021 Zumper National Rent Report.

The median rental price of one-bedroom apartments in the Syracuse region was $850 in the latest month, up 1.2 percent from the $840 median price registered both a month ago and a year earlier, according to Zumper, an apartment-rental listings website. 

The median rental rates for two-bedroom units in the area was $980 in the March report, up 1 percent from $970 the previous month and 2.1 percent higher than $960 a year prior.

Syracuse now ranks tied for the 79th most expensive rental market (or tied for 21st least expensive) among the top 100 markets in the nation, per the report. It is tied with Des Moines, Iowa.

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.