Syracuse, NY Rental Market Trends
Last updated: February 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Syracuse is $1,709, a 0.99% decrease compared to the previous year, when the average rent was $1,727.
Studio Apartments at $1,419 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 $1,316, balancing privacy and affordability.
Two-beedroom units at $1,640 offer 929 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,178 sq ft) for $2,360, suitable for larger households.
Average rent in Syracuse, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,709 | 825 sq. ft. |
| Studio | $1,419 | 386 sq. ft. |
| 1 Bed | $1,316 | 672 sq. ft. |
| 2 Beds | $1,640 | 929 sq. ft. |
| 3 Beds | $2,360 | 1,178 sq. ft. |
Syracuse, NY rent trends
Rental prices in Syracuse, NY have decreased by 0.99% over the past year. The average rent moved from $1,727 to $1,709.
What's the typical rent budget in Syracuse, NY?
The largest share of rentals in Syracuse, NY (42%) 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?
Eastwood $1,003/month
North Valley $1,089/month
Salt Springs $1,192/month
All of these neighborhoods fall below the city wide average of $1,709/month.Most expensive neighborhoods in Syracuse?
Lakefront $1,699/month
Downtown Syracuse $1,736/month
University Hill $2,801/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Syracuse, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| University Hill | $2,801 |
| Downtown Syracuse | $1,736 |
| Lakefront | $1,699 |
| Near Northeast Syracuse | $1,542 |
| Outer Comstock | $1,412 |
| South Valley | $1,284 |
| Sedgwick | $1,200 |
| Salt Springs | $1,192 |
| North Valley | $1,089 |
| Eastwood | $1,003 |
Syracuse | Rent Comparison by Neighborhood
Rent in Downtown Syracuse is 73% higher than in Eastwood
Downtown Syracuse rent is 2% higher than Syracuse average
Eastwood rent is 41% lower than Syracuse average
How Syracuse Compares to Other Cities
| City | Average Rent |
|---|---|
| Syracuse | $1,709 |
| New York City | $5,227 |
| Manhattan | $5,524 |
| Hudson Valley | $2,603 |
| Brooklyn | $4,351 |
| Queens | $4,401 |
| Ithaca | $2,305 |
| Albany | $1,743 |
| Buffalo | $1,419 |
| Poughkeepsie | $2,083 |
| Amityville | $2,932 |
| Auburn, NY | $1,066 |
| Fulton, NY | $1,063 |
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.