Syracuse, NY Rental Market Trends
What is the average rent in Syracuse?
The average rent for an apartment in Syracuse is $1,259. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Syracuse, NY
| Average Rent | Average Apartment Size |
|---|---|
| $1,259 | 821 sq. ft. |
What is the average apartment size in Syracuse?
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
Syracuse, NY Occupied Housing Units
28,210 or 51% of the households in Syracuse, NY are renter-occupied while 27,065 or 48% are owner-occupied.
Syracuse, NY Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Oct / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Syracuse, NY | $1,092 | $1,092 | $1,109 | $1,120 | $1,152 | $1,161 | $1,162 | $1,195 | $1,229 | $1,239 | $1,259 |
| National | $1,331 | $1,340 | $1,344 | $1,376 | $1,384 | $1,387 | $1,379 | $1,383 | $1,393 | $1,476 | $1,572 |
Average Rent in Syracuse, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Near Eastside Syracuse | $1,824 |
| South Campus | $1,824 |
| University | $1,824 |
| University Hill | $1,824 |
| Westcott | $1,824 |
| Outer Comstock | $1,587 |
| Downtown Syracuse | $1,464 |
| Near Westside Syracuse | $1,363 |
| Southwest Syracuse | $1,259 |
| Lakefront | $1,175 |
| Skunk City | $1,175 |
| Westside Syracuse | $1,175 |
| Strathmore | $1,161 |
| Far Westside Syracuse | $1,095 |
| Brighton | $976 |
| North Valley | $976 |
| South Valley | $976 |
| Salt Springs | $925 |
| Lincoln Hill | $884 |
| Near Northeast Syracuse | $884 |
| Northside Syracuse | $884 |
| Sedgwick | $884 |
| Meadowbrook | $880 |
| Elmwood | $818 |
| Eastwood | $777 |
What are the most affordable neighborhoods in Syracuse?
The most affordable neighborhoods in Syracuse are Eastwood, where the average rent goes for $777/month, Elmwood, where renters pay $818/mo on average, and Meadowbrook, where the average rent goes for $880/mo. If you’re looking for other great deals, check out the listings from Lincoln Hill ($884), Near Northeast Syracuse ($884), and Northside Syracuse ($884), where the asking prices are below the average Syracuse rent of $1,259/mo.
What are the most expensive neighborhoods in Syracuse?
The most expensive neighborhoods in Syracuse are University ($1,824), University Hill ($1,824) and Westcott ($1,824).
What are the most popular neighborhoods in Syracuse?
The most popular neighborhood in Syracuse is Downtown Syracuse, where there are 2 verified RENTCafé listings with an average rent of $1,464. Next up is Eastwood, where apartments go for $777/month, followed by Lakefront with $1,175 If you’re looking to rent in Syracuse’s most popular neighborhoods, make sure to also check out Salt Springs, where renters pay $925 on average, and South Valley, where the average monthly rent is $976.
Syracuse | Rent Comparison by Neighborhood
Rent in Brighton is 33% lower than in Downtown Syracuse
Brighton rent is 22% lower than Syracuse average
| Average Rent | $976 |
|---|
Downtown Syracuse rent is 16% higher than Syracuse average
| Average Rent | $1,464 |
|---|
How Syracuse Compares to Other Cities
| City | Average Rent |
|---|---|
| Manhattan | $4,140 |
| Hudson Valley | $2,062 |
| Bronx | $1,628 |
| Brooklyn | $3,080 |
| Queens | $2,683 |
| Rochester | $1,169 |
| Henrietta | $1,380 |
| Greece | $1,040 |
| Brighton | $1,284 |
| Webster | $1,435 |
| Syracuse | $1,259 |