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Syracuse has experienced a significant increase in rental rates for one-bedroom apartments, according to new data from Zumper. The online marketplace reports a 17.1% rise in rental costs compared to February of last year. Currently, the median price for a one-bedroom apartment in Syracuse is $1,230, while two-bedroom apartments have a median cost of $1,460.
This increase places Syracuse as the 65th most expensive rental market in the United States, with New York City leading the list at a median rent of $4,330 for a one-bedroom apartment. The national average for one-bedroom apartments rose by 2.9% to $1,525, while two-bedroom apartments increased by 3.7% to $1,905, as reported by CNY Central.
Zumper's findings highlight the growing demand and rising costs in Syracuse's rental market, reflecting broader trends seen across the country. As rental prices continue to climb, potential renters in Syracuse may face challenges in finding affordable housing options. More details on the rental market trends can be found on Zumper's website.