SYRACUSE — The median rental price for most apartments in the Syracuse metro area jumped nearly 12 percent in November from a year ago and rose 6 percent from the prior month. That’s according to the latest Zumper National Rent Report, which was issued on Nov. 24. The median rental price of one-bedroom apartments in […]
SYRACUSE — The median rental price for most apartments in the Syracuse metro area jumped nearly 12 percent in November from a year ago and rose 6 percent from the prior month.
That’s according to the latest Zumper National Rent Report, which was issued on Nov. 24.
The median rental price of one-bedroom apartments in the Syracuse region was $1,420 in November, up 6 percent from $1,340 in October, and 11.8 percent higher than the $1,270 median rent seen in November 2024, according to Zumper, an apartment rental-listings website.
The Syracuse rental market posted the second-highest year-over-year increase in median one-bedroom rent among the 100 largest markets in the U.S. Only San Francisco, California experienced a bigger rise in rent in the same period.
The median rental rate for two-bedroom units in the Syracuse area was $1,600 this November, up 6 percent from $1,510 in both October and the year-earlier month.
Syracuse now ranks as tied for the 39th most expensive rental market among the top 100 metro areas by population, according to the Zumper report.
Zumper’s National Rent Index showed the fifth straight month of flat or declining rental rates across the board: one-bedroom median rent decreased 0.7 percent in November to $1,501, while two-bedroom rents fell 0.4 percent to $1,880. On an annual basis, one and two-bedroom prices are down 2.2 percent and 1.2 percent, respectively.
The Zumper National Rent Report analyzes rental data from more than 1 million active listings across the U.S. The company aggregates the data monthly to calculate median asking rents for the 100 largest regions.
