Syracuse, NY Rental Market Trends
Last updated: May 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Syracuse is $1,754, a 2.67% increase compared to the previous year, when the average rent was $1,709.
Studio Apartments at $1,489 offer the most budget-friendly option with 386 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 671 square feet for $1,357, balancing privacy and affordability.
Two-beedroom units at $1,687 offer 931 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,170 sq ft) for $2,474, suitable for larger households.
Average rent in Syracuse, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,754 | 824 sq. ft. |
| Studio | $1,489 | 386 sq. ft. |
| 1 Bed | $1,357 | 671 sq. ft. |
| 2 Beds | $1,687 | 931 sq. ft. |
| 3 Beds | $2,474 | 1,170 sq. ft. |
Syracuse, NY rent trends
Rental prices in Syracuse, NY have increased by 2.67% over the past year. The average rent moved from $1,709 to $1,754.
What's the typical rent budget in Syracuse, NY?
The largest share of rentals in Syracuse, NY (41%) 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?
34,927 or 58% of the households in Syracuse, NY are renter-occupied while 24,889 or 42% are owner-occupied.
Most affordable neighborhoods in Syracuse?
Sedgwick $1,350/month
Lakefront $1,644/month
Downtown Syracuse $1,750/month
All of these neighborhoods fall below the city wide average of $1,754/month.Average Rent in Syracuse, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Syracuse | $1,750 |
| Lakefront | $1,644 |
| Sedgwick | $1,350 |
Syracuse | Rent Comparison by Neighborhood
Rent in Downtown Syracuse is 6% higher than in Lakefront
Downtown Syracuse rent is 1% lower than Syracuse average
Lakefront rent is 6% lower than Syracuse average
How Syracuse Compares to Other Cities
| City | Average Rent |
|---|---|
| Syracuse | $1,754 |
| New York City | $4,719 |
| Manhattan | $5,345 |
| Hudson Valley | $2,599 |
| Brooklyn | $3,963 |
| Queens | $3,974 |
| Ithaca | $2,228 |
| Albany | $1,739 |
| Buffalo | $1,422 |
| Rochester | $1,510 |
| Poughkeepsie | $1,979 |
| Fulton, NY | $1,124 |
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.