The median rental price for most apartments in the Syracuse metro area rose almost 4 percent in October from September, but the price was down more than 10 percent from the year-ago month. That’s according to the November 2020 national rent report from Zumper, an apartment-rental listings website. The median rental price of one-bedroom apartments […]
The median rental price for most apartments in the Syracuse metro area rose almost 4 percent in October from September, but the price was down more than 10 percent from the year-ago month.
That’s according to the November 2020 national rent report from Zumper, an apartment-rental listings website.
The median rental price of one-bedroom apartments in the Syracuse region was $800 in October, up 3.9 percent from $770 in September, but down 10.1 percent from $890 in October 2019.
Rental rates for two-bedroom units in the area fell 4.8 percent to $1,000 in October from $1,050 the prior month, and were unchanged from the year-ago month.
Syracuse now ranks as the 84th most expensive rental market in the nation of the top 100 markets, down from 87th 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.