Syracuse Rents Climb Among Nations Fastest
Syracuse Rent Numbers vs. National Averages Syracuse’s median rent sits at $1,469, a full $432—or 23 percent—below the national implied average of $1,901. National Comparison All‑type median: $1,469 vs $1,901 nationally. 1‑bedroom: $1,350 (Zumper) and $1,236 (Apartments.com) remain 23‑24 percent lower than the national figure. 2‑bedroom: $1,475 (Zumper) and $1,488 (Apartments.com) stay below national averages. 3‑bedroom: $1,800 (Zumper) and $2,094 (Apartments.com) remain under the national benchmark. Rent Elasticity and Trends Syracuse rents have risen 8 percent year‑over‑year on average, yet the city’s affordability gap persists, reflecting strong rent elasticity. Year‑over‑year change: Apartments.com +1 percent, Zillow +$100, RentCafe –0.99 percent. Neighborhood extremes: University Hill exceeds $3,000, while Eastwood averages $969. These figures illustrate that despite upward pressure, Syracuse’s rental market continues to lag national trends, underscoring heightened sensitivity to ...