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RentData.org Logo Syracuse Fair Market Rent FY 2023 Syracuse, NY MSA Rental Data

Fair Market Rent Prices in Syracuse, NY :
$801 $897 $1,109 $1,367 $1,579
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Syracuse are high compared to the national average. This FMR area is more expensive than 84% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Syracuse is $1,109 per month.

The previous year, rent for a two-bedroom home was $966 per month. This is a 14.8% increase year-over-year.

This FMR rate applies to Leonardsville, NY, North Brookfield, NY, West Eaton, NY, Clockville, NY, Peterboro, NY, Wampsville, NY, Brookfield, NY, Bouckville, NY, Hubbardsville, NY, New Woodstock, NY and other cities within the region. The Metro Code or CBSA code for this region is METRO45060M45060.

Additionally, This Fair Market Rent (FMR) area Syracuse, NY MSA spans one county or city in New York which is listed in the table below. Estimated population of Syracuse, NY MSA FMR area is 70,990 people based on latest Census data.

Compared to the rest of New York, the Syracuse FMR area is more expensive than 69% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Syracuse. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Syracuse

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 852
1-BR 1-Bedroom $ 953
2-BR 2-Bedroom $ 1179
3-BR 3-Bedroom $ 1453
4-BR 4-Bedroom $ 1679
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Syracuse, NY MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Syracuse and Utica.

County / Region Est. Population
Syracuse, NY Metro 70,990
Zip Codes in Syracuse, NY MSA

There are 25 unique zip codes in this Fair Market Rent (FMR) area:

13030, 13032, 13035, 13037, 13043, 13061, 13082, 13104, 13122, 13134, 13163, 13310, 13314, 13334, 13346, 13355, 13364, 13402, 13408, 13409, 13418, 13421, 13425, 13480 and 13484

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