The average rent in Syracuse has increased by 2.67% over the past year, settling around $1,200. This is 26% lower than the national average, but there are clear disparities within different unit types.

Studios are priced between $1,100 and $1,200, with an area of about 410 to 450 square feet. Near Syracuse University, graduate students and faculty make up the primary demand, while downtown has a higher proportion of single working tenants.

One-bedroom apartments range from $1,250 to $1,350, with sizes of 600 to 650 square feet. Recent market trends show that the rent difference between studios and one-bedrooms is not significant, leading more single tenants seeking a bit more space to move into one-bedrooms.

Two-bedroom apartments are priced between $1,450 and $1,650, with an area of about 880 to 940 square feet. This type is mainly sought after by two roommates sharing rent or families with one child. Three-bedroom apartments range from $1,750 to $1,900, with sizes of 1,100 to 1,180 square feet, often used by families with multiple children or groups of students near college areas.

In terms of supply, recent new constructions or remodeling projects are clearly focused on one-bedroom and two-bedroom units. Studios are maintained in limited numbers around college areas, while three-bedrooms remain the least supplied type in all of Syracuse.

Looking at the rent gaps numerically, the difference from studio to one-bedroom is about $100 to $150, from one-bedroom to two-bedroom is about $200 to $300, and from two-bedroom to three-bedroom is about $250 to $300, showing a relatively even distribution. Unlike other major cities, this market does not exhibit sharp spikes in specific ranges.

Overall, this trend suggests that Syracuse has a relatively gentle burden difference between unit types, so if there is any budget flexibility, moving up to a larger unit is not a particularly burdensome choice.

For Korean households, it is advisable to consider the distance to the university and access to downtown when deciding on a unit type. If there are no educational concerns for children, living comfortably in a one-bedroom or two-bedroom is quite feasible, and for larger families, it is recommended to start looking for listings early, considering the limited supply of three-bedrooms.

• Studio: approximately $1,100 to $1,200, 410 to 450 square feet
• One-bedroom: approximately $1,250 to $1,350, 600 to 650 square feet
• Two-bedroom: approximately $1,450 to $1,650, 880 to 940 square feet
• Three-bedroom: approximately $1,750 to $1,900, 1,100 to 1,180 square feet