Downtown Syracuse, Syracuse, NY Rental Market Trends
Last updated: February 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Syracuse is $1,736, a 0.69% increase compared to the previous year, when the average rent was $1,724.
Studio Apartments at $1,185 offer the most budget-friendly option with 560 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 856 square feet for $1,611, balancing privacy and affordability.
Two-beedroom units at $1,855 offer 1,168 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,640 sq ft) for $2,374, suitable for larger households.
Average rent in Downtown Syracuse, Syracuse, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,736 | 1,020 sq. ft. |
| Studio | $1,185 | 560 sq. ft. |
| 1 Bed | $1,611 | 856 sq. ft. |
| 2 Beds | $1,855 | 1,168 sq. ft. |
| 3 Beds | $2,374 | 1,640 sq. ft. |
Downtown Syracuse, Syracuse, NY rent trends
Rental prices in Downtown Syracuse, Syracuse, NY have increased by 0.69% over the past year. The average rent moved from $1,724 to $1,736.
What's the typical rent budget in Downtown Syracuse, Syracuse, NY?
The largest share of rentals in Downtown Syracuse, Syracuse, NY (33%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Syracuse, Syracuse, NY?
1,392 or 91% of the households in Downtown Syracuse, Syracuse, NY are renter-occupied while 139 or 9% are owner-occupied.
Most affordable neighborhoods in Downtown 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 Downtown 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 the same as Syracuse average
Eastwood rent is 42% lower than Syracuse average
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 Downtown 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.