Syracuse, NY Rental Market Trends
Highlights
The average rent for an apartment in Syracuse is $1,203, a 2% increase compared to the previous year.
Average Rent in Syracuse, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,203 | 2% | 821 sq. ft. |
The average size for a Syracuse, NY apartment is 821 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Syracuse, NY Apartment Rent Ranges
- $501-$70012%
- $701-$1,00038%
- $1,001-$1,50033%
- $1,501-$2,0008%
- > $2,0008%
Syracuse, NY Occupied Housing Units
- Renter-occupied Households49%
- Owner-occupied Households50%
27,631 or 49% of the households in Syracuse, NY are renter-occupied while 27,675 or 50% are owner-occupied.
Syracuse, NY Rent Trends
| Average Rent | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Dec / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Syracuse, NY | $1,064 | $1,050 | $1,097 | $1,092 | $1,092 | $1,109 | $1,120 | $1,152 | $1,161 | $1,162 | $1,203 |
| National | $1,373 | $1,378 | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |
Average Rent in Syracuse, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Near Eastside Syracuse | $1,709 |
| South Campus | $1,709 |
| University | $1,709 |
| University Hill | $1,709 |
| Westcott | $1,709 |
| Outer Comstock | $1,498 |
| Downtown Syracuse | $1,441 |
| Near Westside Syracuse | $1,352 |
| Southwest Syracuse | $1,241 |
| Lakefront | $1,186 |
| Skunk City | $1,186 |
| Westside Syracuse | $1,186 |
| Far Westside Syracuse | $1,074 |
| Strathmore | $994 |
| Brighton | $947 |
| North Valley | $947 |
| South Valley | $947 |
| Lincoln Hill | $881 |
| Near Northeast Syracuse | $881 |
| Northside Syracuse | $881 |
| Sedgwick | $881 |
| Salt Springs | $875 |
| Meadowbrook | $846 |
| Elmwood | $772 |
| Eastwood | $739 |
The most affordable neighborhoods in Syracuse are Eastwood, where the average rent goes for $739/month, Elmwood, where renters pay $772/mo on average, and Meadowbrook, where the average rent goes for $846/mo. If you’re looking for other great deals, check out the listings from Salt Springs ($875), Lincoln Hill ($881), and Near Northeast Syracuse ($881), where the asking prices are below the average Syracuse rent of $1,203/mo.
The most expensive neighborhoods in Syracuse are University ($1,709), University Hill ($1,709) and Westcott ($1,709).
The most popular neighborhood in Syracuse is Downtown Syracuse, where there are 1 verified RENTCafé listings with an average rent of $1,441. Next up is North Valley, where apartments go for $947/month, followed by South Valley with $947 If you’re looking to rent in Syracuse’s most popular neighborhoods, make sure to also check out University, where renters pay $1,709 on average, and Westcott, where the average monthly rent is $1,709.
Syracuse | Rent Comparison by Neighborhood
Rent in Brighton is 34% lower than in Downtown Syracuse
Brighton rent is 21% lower than Syracuse average
| Average Rent | $947 |
|---|
Downtown Syracuse rent is 20% higher than Syracuse average
| Average Rent | $1,441 |
|---|
How Syracuse Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Manhattan | $3,805 | -11% |
| Hudson Valley | $1,950 | 1% |
| Brooklyn | $2,631 | -11% |
| Bronx | $1,658 | n/a |
| Albany | $1,299 | 2% |
| Syracuse | $1,203 | 2% |
| Fairmount | $1,089 | 4% |
| Onondaga | $1,035 | 6% |
| Baldwinsville | $1,105 | 5% |
| Cicero | $939 | 3% |
| Fayetteville | $1,058 | 3% |
For more information about the Syracuse rental trends, check out our monthly rent report
Check out New York Cities, New York Neighborhoods and New York Zip Codes for more details on verified listings, including the New York Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!