Nob Hill Apartments
101 Lafayette Rd,
Syracuse, NY 13205
1-3 Beds | $1,090 - $2,100
Rental Market Trends in Syracuse, NY
What is the average rent in Syracuse, NY?
$1,171/month
Average Rent
661 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of February 2025, the average rent in Syracuse, NY is $1,171 per month. This is 25% lower than the national average rent of $1,556/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 $1,189 per month for a studio, $1,171 for a one-bedroom apartment, and around $1,388 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,021 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 1%, which averages out to $12 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 February 2025
Legend
2024
2025
Rent Ranges in Syracuse, NY
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
17%
Below $700/month
24%
$700 - $1,000/month
33%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most expensive neighborhoods in Syracuse?
Based on current rent prices, Downtown Syracuse, Fairmount and Northside 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 Northside, Downtown Syracuse and Eastside .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Syracuse, NY?
Because the average rent in Syracuse is $1,171, you’ll want to make about $3,903 per month or $46,836 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 2.7% higher than the national average. Generally, housing in Syracuse is 3.3% more expensive than the national average, with rent falling between $1,171 - $2,021. You can expect to pay 0.9% less for groceries, 0.3% more for utilities, and 6.6% 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
$745/month
$1,642/month
One Bedroom
$876/month
$1,451/month
Two Bedroom
$996/month
$1,931/month
Three Bedroom
$1,202/month
$3,178/month
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.