Syracuse one-bedroom apartment rent prices rise 5 percent in February compared to prior month

The median rental price for most apartments in the Syracuse metro area rose 5 percent in February compared to January, but the price is down more than 15 percent from the year-ago month. 

That’s according to the March 2020 national rent report from Zumper, an apartment-rental listings website.

The median rental price of one-bedroom apartments in the Syracuse region jumped 5 percent to $840 in February from $800 in January, but was down 15.2 percent from $990 in February 2019. 

Rental rates for two-bedroom units in the area rose 1.1 percent to $960 in February from $950 in the prior month, but were down 8.6 percent from $1,050 in the year-ago month.

Syracuse now ranks tied for the 74th most expensive rental market in the nation, up from 81st in the February 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.