SYRACUSE — The median rental price for most apartments in the Syracuse metro area rose nearly 4 percent in September compared to August and almost 12 percent from a year prior, according to the latest Zumper National Rent Report, issued on Sept. 28.
The median rental price of one-bedroom apartments in the Syracuse region was $860 in September, up 3.6 percent from $830 in August and 11.7 percent higher than the $770 median price posted in September 2020, according to Zumper, an apartment-rental listings website.
However, rent prices went the other way for larger apartments. The median rental rate for two-bedroom units in the area was $1,000 in September, down 2.9 percent from $1,030 in the prior month, and off 4.8 percent from $1,050 in the year-earlier month.
Syracuse now ranks as tied for the 82nd most expensive rental market (or tied for 17th least expensive) — with Augusta, Georgia and Winston-Salem, North Carolina — among the top 100 markets in the nation, per the report.
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 Top 100 metro areas by population.