Rent Tracker
Rent Inflation in Syracuse, NY
The average asking rent in Syracuse, NY is $1,628/month as of 2026-04. That is +4.9% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,628/mo
as of 2026-04
Year-over-Year Change
+4.9%
24-Month Rent Trend
Monthly ZORI index values for Syracuse, NY.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-04 | $1,628 | -0.73% |
| 2026-03 | $1,640 | +1.23% |
| 2026-02 | $1,620 | -0.31% |
| 2026-01 | $1,625 | +2.07% |
| 2025-12 | $1,592 | +0.19% |
| 2025-11 | $1,589 | +0.57% |
| 2025-10 | $1,580 | -0.63% |
| 2025-09 | $1,590 | +1.08% |
| 2025-08 | $1,573 | +0.64% |
| 2025-07 | $1,563 | +0.19% |
| 2025-06 | $1,560 | +0.06% |
| 2025-05 | $1,559 | +0.45% |
| 2025-04 | $1,552 | +0.45% |
| 2025-03 | $1,545 | -0.32% |
| 2025-02 | $1,550 | +0.65% |
| 2025-01 | $1,540 | +0.72% |
| 2024-12 | $1,529 | +1.66% |
| 2024-11 | $1,504 | +0.33% |
| 2024-10 | $1,499 | +0.20% |
| 2024-09 | $1,496 | -0.20% |
| 2024-08 | $1,499 | +0.33% |
| 2024-07 | $1,494 | +0.54% |
| 2024-06 | $1,486 | +0.81% |
| 2024-05 | $1,474 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices