The median rental price for most apartments in the Syracuse metro area fell almost 4 percent in September compared to August, and the price was down more than 14 percent from the year-ago month. That’s according to the October 2020 national rent report from Zumper, an apartment-rental listings website. The median rental price of one-bedroom […]
The median rental price for most apartments in the Syracuse metro area fell almost 4 percent in September compared to August, and the price was down more than 14 percent from the year-ago month.
That’s according to the October 2020 national rent report from Zumper, an apartment-rental listings website.
The median rental price of one-bedroom apartments in the Syracuse region declined 3.8 percent to $770 in September from $800 in August and was down 14.4 percent from $900 in September 2019.
Rental rates for two-bedroom units in the area fell 4.5 percent to $1,050 in September from $1,100 in the prior month, but were up 1.9 percent from $1,030 in the year-ago month.
Syracuse now ranks tied for the 87th most expensive rental market in the nation, down from 86th a month ago, per the Zumper 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 on a monthly basis to calculate median asking rents for the top 100 metro areas by population.