Syracuse, NY Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Syracuse is $1,707, a 1.81% increase compared to the previous year, when the average rent was $1,676.
Studio Apartments at $1,425 offer the most budget-friendly option with 386 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 672 square feet for $1,306, balancing privacy and affordability.
Two-beedroom units at $1,643 offer 929 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,178 sq ft) for $2,437, suitable for larger households.
Average rent in Syracuse, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,707 | 825 sq. ft. |
| Studio | $1,425 | 386 sq. ft. |
| 1 Bed | $1,306 | 672 sq. ft. |
| 2 Beds | $1,643 | 929 sq. ft. |
| 3 Beds | $2,437 | 1,178 sq. ft. |
Syracuse, NY rent trends
Rental prices in Syracuse, NY have increased by 1.81% over the past year. The average rent moved from $1,676 to $1,707.
What's the typical rent budget in Syracuse, NY?
The largest share of rentals in Syracuse, NY (43%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Syracuse, NY?
34,821 or 59% of the households in Syracuse, NY are renter-occupied while 24,465 or 41% are owner-occupied.
Most affordable neighborhoods in Syracuse?
North Valley $1,096/month
Sedgwick $1,229/month
Outer Comstock $1,432/month
All of these neighborhoods fall below the city wide average of $1,707/month.Average Rent in Syracuse, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Syracuse | $1,711 |
| Lakefront | $1,671 |
| Outer Comstock | $1,432 |
| Sedgwick | $1,229 |
| North Valley | $1,096 |
Syracuse | Rent Comparison by Neighborhood
Rent in Downtown Syracuse is 2% higher than in Lakefront
Downtown Syracuse rent is 1% higher than Syracuse average
Lakefront rent is 2% lower than Syracuse average
How Syracuse Compares to Other Cities
| City | Average Rent |
|---|---|
| Syracuse | $1,707 |
| New York City | $5,284 |
| Manhattan | $5,632 |
| Brooklyn | $4,205 |
| Hudson Valley | $2,595 |
| Queens | $4,171 |
| Buffalo | $1,410 |
| Albany | $1,728 |
| Ithaca | $2,300 |
| Rochester | $1,512 |
| Troy | $1,588 |
| Fulton, NY | $1,118 |
| Auburn, NY | $1,049 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Syracuse apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.