Syracuse one-bedroom apartment rent prices rise slightly in latest month, up 5 percent from a year ago

The February 2021 Zumper National Rent Report found the median rental price for most apartments in the Syracuse metro area was up just over 1 percent compared to the previous month, but up 5 percent from the year-prior month.

The median rental price of one-bedroom apartments in the Syracuse region was $840 in the latest month, up 1.2 percent from $830 a month ago and 5 percent higher than $800 a year earlier, according to Zumper, an apartment-rental listings website. 

The median rental rates for two-bedroom units in the area was $970 in the February report, unchanged from the previous month and up 2.1 percent from $950 a year ago.

Syracuse now ranks tied for the 80th most expensive rental market (or tied for 20th least expensive) in the nation of the top 100 markets, 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 on a monthly basis to calculate median asking rents for the top 100 metro areas by population.