Rents are 7% below what Syracuse's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,525 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Syracuse, NY has changed in 5 years
Five years ago, renters in Syracuse, NY paid around $1,137 a month. That figure now sits near $1,525, up 34.1% 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.
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Can you afford rent in Syracuse on your salary?
At $1,525/mo, how Syracuse rent compares to typical pay (30% rule).
Syracuse rent by bedroom count
Median rent for each apartment size in Syracuse. Click any size for full breakdown.
Tips for renters in Syracuse
Last updated: August 17, 2026
The median rent in Syracuse is $1,525/mo as of August 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 38% of local median household income ($47,819/yr), Syracuse ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.9% over the past year.
Frequently asked questions
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How does Syracuse rent compare to the national average?
At $1,525/mo, rent takes ~38% of Syracuse's median household income ($47,819/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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