Nob Hill
101 Lafayette Rd,
Syracuse, NY 13205
1-3 Beds | $930 - $1,860
Rental Market Trends in Syracuse, NY
What is the average rent in Syracuse, NY?
$1,197/month
Average Rent
664 Sq Ft
Average Apartment Size
+2.4%
Increase in the Last Year
As of June 2025, the average rent in Syracuse, NY is $1,197 per month. This is 26% lower than the national average rent of $1,628/month, making renting in Syracuse more affordable than most cities in the US. When you rent an apartment in Syracuse, you can expect to pay about $1,202 per month for a studio, $1,197 for a one-bedroom apartment, and around $1,453 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,087 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Syracuse, NY?
In the past year, rent has increased by 2.4%, which averages out to $30 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Syracuse, NY
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
17%
Below $700/month
22%
$700 - $1,000/month
33%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Syracuse?
Based on current rent prices, Valley, Nob Hill and Hawley-Green Historic Dist are the most affordable neighborhoods in Syracuse.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Syracuse?
Based on current rent prices, Hanover Square, Armory Square and Clinton Square are the most expensive neighborhoods in Syracuse.
Neighborhood
Average Rent
Average Sq Ft
Which Syracuse neighborhoods have the most rentals available?
The neighborhoods in Syracuse with the most apartments available are Eastside, Northside and Downtown Syracuse .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Syracuse, NY?
Because the average rent in Syracuse is $1,197, you’ll want to make about $3,990 per month or $47,880 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Syracuse, NY is 2.9% higher than the national average. Generally, housing in Syracuse is 5.0% more expensive than the national average, with rent falling between $1,197 - $2,087. You can expect to pay 0.9% less for groceries, 5.4% less for utilities, and 6.2% more for transportation.
How does Syracuse, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Syracuse, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$979/month
-
Two Bedroom
$1,161/month
-
Three Bedroom
$1,724/month
-
Nearby City Rent Trends
Apartment communities in Syracuse we think you'll love
Property Management Companies in Syracuse, NY
Sutton Real Estate Company, LLC
-
17
Communities
-
1,456
Units
-
8
Cities
10 Communities in Syracuse
Capodagli Property Co.
-
31
Communities
-
4,582
Units
-
18
Cities
7 Communities in Syracuse
Greystar
-
3,268
Communities
-
908,145
Units
-
844
Cities
4 Communities in Syracuse
DLH Properties
-
26
Communities
-
4,527
Units
-
17
Cities
4 Communities in Syracuse
Morgan Properties
-
325
Communities
-
97,635
Units
-
199
Cities
2 Communities in Syracuse
DHM Properties
-
28
Communities
-
6,802
Units
-
20
Cities
2 Communities in Syracuse
Belveron Partners
-
19
Communities
-
2,476
Units
-
15
Cities
2 Communities in Syracuse
Clear Investment Group, LLC
-
15
Communities
-
2,072
Units
-
6
Cities
2 Communities in Syracuse
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.