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City Report · NY

Syracuse

Pop. 146,384·95th most expensive in New York·Rental market data updated monthly for Syracuse, NY
Median rent (all units)
$1,592/mo
Year-over-Year
+1.0%
Month-over-Month
+0.5%
vs US Median
-$338
Rising (Monthly)
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Most AffordableMost Expensive
Syracuse · $1,592
More affordable than 69% of US cities · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$954
1 BR
$1,064
2 BR
$1,309
3 BR
$1,601
4 BR+
$1,804
Research median
$1,309/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: May 30, 2026

Annual cost
$19,104/yr
At $1,592/mo median
Market timing
Rents rising
Act sooner rather than later.
Rent Reality Score
52/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Syracuse's 10-year trend predicts.

Actual rent
$1,592/mo
Expected by trend
$1,610/mo
The Rent Reality Score compares today's median rent to where Syracuse's own long-run trajectory projects it should be. See the full rankings →
Demographics

Who lives here

Syracuse, NY is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 31.2% of residents hold a bachelor's degree or higher.

Population
146,384
Median income
$47,819
Median age
31.8
Renters
58.4%
Age distribution
20.5%
34%
20.4%
14.4%
Under 1820.5%
18–3434%
35–5420.4%
55–6410.7%
65+14.4%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
50.8%
27.3%
White50.8%
Black27.3%
Hispanic10.2%
Asian7.3%
Other4.3%
Education (25+)
14.7%
26.4%
27.6%
31.2%
No HS diploma14.7%
HS diploma26.4%
Some college27.6%
Bachelor's+31.2%
Housing tenure
41.6%
58.4%
Owner41.6%
Renter58.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Syracuse, NY has changed in 5 years

Rent
$1,137 → $1,592
up 40.0%
Income
$40,490 → $47,819
up 18.1%
Population
146,781 → 146,384
down 0.3%
Renter share
60.4% → 58.4%
-2.0 pts
Bachelor's+
28.9% → 31.2%
+2.3 pts

Five years ago, renters in Syracuse, NY paid around $1,137 a month. That figure now sits near $1,592, up 40.0% from the 2021 baseline. On the earnings side, the typical household in Syracuse, NY now reports about $47,819, up from $40,490 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 60.4% to 58.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 28.9% to 31.2% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Syracuse, NY reflects that arc in its own way.

Community

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View Syracuse rent history (2015–2026) →
Salary vs rent

Can you afford rent in Syracuse on your salary?

At $1,592/mo, how Syracuse rent compares to typical pay (30% rule).

By apartment size

Syracuse rent by bedroom count

Median rent for each apartment size in Syracuse. Click any size for full breakdown.

Local insights

Tips for renters in Syracuse

About renting in Syracuse, NY

Last updated: May 30, 2026

The median rent in Syracuse is $1,592/mo as of May 2026. A studio apartment averages $954/mo while a 2-bedroom runs $1,309/mo. One-bedroom apartments average $1,064/mo and 3-bedroom units go for $1,601/mo.

At 40% of local median household income ($47,819/yr), Syracuse ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

Is Syracuse an affordable city for renters?

Syracuse is considered moderate for renters. At $1,592/mo, rent takes approximately 40% of the local median household income ($47,819/yr). The standard benchmark is 30%. Syracuse slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Syracuse?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,592/mo in Syracuse. The local median household income is $47,819/yr, meaning the typical Syracuse household falls short of that threshold.

Is rent going up or down in Syracuse?

Rent in Syracuse has increased 1.0% over the past year as of May 2026, putting upward pressure on renter budgets.

Which Syracuse neighborhoods have the lowest rent?

The most affordable ZIP codes in Syracuse are 13205 ($1,230/mo), 13203 ($1,408/mo), and 13204 ($1,451/mo). Citywide, the median rent in Syracuse is $1,592/mo.

How does Syracuse rent compare to other cities in New York?

Syracuse is one of the more affordable cities in New York for rent, ranking #95 out of 128 tracked cities at $1,592/mo.

Which nearby cities are cheaper to rent in than Syracuse?

Auburn is nearby and more affordable at $1,167/mo, which is $425 less than Syracuse.

What percentage of Syracuse residents rent vs. own?

According to Census data, approximately 58.4% of Syracuse households are renters, while 41.6% are owner-occupied. With a majority renter population, Syracuse has a strong rental market.

How does Syracuse rent compare to the national average?

Syracuse's median rent of $1,592/mo is $338 (18%) below the US national median of $1,930/mo. Within New York, it ranks #95 out of 128 tracked cities.
Affordability
40%
MODERATE

At $1,592/mo, rent takes ~40% of Syracuse's median household income ($47,819/yr). The standard benchmark is 30%.

Syracuse 40%Benchmark 30%
State income tax4–10.9%
Run the Syracuse affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Syracuse, NY

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