Syracuse, NY Rental Market Trends
Highlights
The average rent for an apartment in Syracuse is $1,145, a 5% increase compared to the previous year.
Average Rent in Syracuse, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,145 | 5% | 819 sq. ft. |
The average size for a Syracuse, NY apartment is 819 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-$70014%
- $701-$1,00043%
- $1,001-$1,50029%
- $1,501-$2,0006%
- > $2,0008%
Syracuse, NY Occupied Housing Units
- Renter-occupied Households49%
- Owner-occupied Households50%
27,776 or 49% of the households in Syracuse, NY are renter-occupied while 27,857 or 50% are owner-occupied.
Syracuse, NY Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Syracuse, NY | $1,046 | $1,031 | $1,064 | $1,050 | $1,097 | $1,092 | $1,092 | $1,109 | $1,120 | $1,152 | $1,145 |
| National | $1,354 | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,473 | $1,474 |
Average Rent in Syracuse, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Eastwood | $745 |
| Elmwood | $753 |
| Meadowbrook | $826 |
| Salt Springs | $851 |
| Sedgwick | $869 |
| Northside Syracuse | $869 |
| Near Northeast Syracuse | $869 |
| Lincoln Hill | $869 |
| South Valley | $904 |
| North Valley | $904 |
| Brighton | $904 |
| Strathmore | $929 |
| Far Westside Syracuse | $1,080 |
| Westside Syracuse | $1,212 |
| Skunk City | $1,212 |
| Lakefront | $1,212 |
| Southwest Syracuse | $1,235 |
| Near Westside Syracuse | $1,349 |
| Outer Comstock | $1,407 |
| Downtown Syracuse | $1,422 |
| Westcott | $1,611 |
| University Hill | $1,611 |
| University | $1,611 |
| South Campus | $1,611 |
| Near Eastside Syracuse | $1,611 |
The most affordable neighborhoods in Syracuse are Eastwood, where the average rent goes for $745/month, Elmwood, where renters pay $753/mo on average, and Meadowbrook, where the average rent goes for $826/mo. If you’re looking for other great deals, check out the listings from Salt Springs ($851), Lincoln Hill ($869), and Near Northeast Syracuse ($869), where the asking prices are below the average Syracuse rent of $1,145/mo.
The most expensive neighborhoods in Syracuse are University ($1,611), University Hill ($1,611) and Westcott ($1,611).
The most popular neighborhood in Syracuse is South Valley, where there are 1 verified RENTCafé listings with an average rent of $904. Next up is University, where apartments go for $1,611/month, followed by Westcott with $1,611 If you’re looking to rent in Syracuse’s most popular neighborhoods, make sure to also check out Westside Syracuse, where renters pay $1,212 on average, and Brighton, where the average monthly rent is $904.
Syracuse | Rent Comparison by Neighborhood
Rent in Brighton is 36% lower than in Downtown Syracuse
Brighton rent is 21% lower than Syracuse average
| Average Rent | $904 |
|---|
Downtown Syracuse rent is 24% higher than Syracuse average
| Average Rent | $1,422 |
|---|
How Syracuse Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Manhattan | $4,211 | 2% |
| Brooklyn | $2,929 | 4% |
| Rochester | $1,052 | 3% |
| Queens | $2,557 | 4% |
| Yonkers | $2,065 | 3% |
| Syracuse | $1,145 | 5% |
| Onondaga | $975 | 3% |
| Baldwinsville | $1,052 | 3% |
| Fairmount | $1,050 | 1% |
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!