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Syracuse one-bedroom apartment rent prices declined 10 percent in the last year

By Journal staff

Date:

The median rental price for most apartments in the Syracuse metro area fell 10 percent in the past year. 

That’s according to the January 2020 national rent report from Zumper, an apartment-rental listings website.

The median rental price of one-bedroom apartments in the Syracuse region declined 10 percent to $810 in the last 12 months, while rental rates for two-bedroom units increased 4.2 percent to $1,000.

Syracuse now ranks tied for the 77th most expensive rental market in the nation.

The Zumper National Rent Report analyzes rental data from more than 1 million active listings across the U.S. The company aggregates the data on a monthly basis to calculate median asking rents for the top 100 metro areas by population.

In comparison, the median rental price in Rochester increased 10.7 percent to $930 for one-bedroom apartments and rose 12.2 percent to $1,100 for two-bedroom units, per Zumper. Rochester ranks tied for the 61st most expensive rental market in the nation.

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