Rent Tracker
Rent Inflation in Utica, NY
The average asking rent in Utica, NY is $1,432/month as of 2026-08. That is +4% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,432/mo
as of 2026-08
Year-over-Year Change
+4%
24-Month Rent Trend
Monthly ZORI index values for Utica, NY.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,432 | -0.35% |
| 2026-07 | $1,437 | +0.28% |
| 2026-06 | $1,433 | -1.04% |
| 2026-05 | $1,448 | +2.33% |
| 2026-04 | $1,415 | +1.87% |
| 2026-03 | $1,389 | +1.61% |
| 2026-02 | $1,367 | -0.07% |
| 2026-01 | $1,368 | -0.80% |
| 2025-12 | $1,379 | +1.17% |
| 2025-11 | $1,363 | -1.45% |
| 2025-10 | $1,383 | +0.22% |
| 2025-09 | $1,380 | +0.22% |
| 2025-08 | $1,377 | +2.23% |
| 2025-07 | $1,347 | +0.07% |
| 2025-06 | $1,346 | +0.45% |
| 2025-05 | $1,340 | +0.68% |
| 2025-04 | $1,331 | +1.22% |
| 2025-03 | $1,315 | -0.15% |
| 2025-02 | $1,317 | +0.15% |
| 2025-01 | $1,315 | -0.23% |
| 2024-12 | $1,318 | +1.07% |
| 2024-11 | $1,304 | -0.38% |
| 2024-10 | $1,309 | -0.23% |
| 2024-09 | $1,312 | — |
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