Average Rent in Syracuse, NY
The Fair Market Rent for a 2-bedroom in Syracuse, NY is $1,392 per month, based on HUD data. With a median household income of $73,558, a household would spend 22.7% of income on housing at Fair Market Rent. Rent has increased 23.6% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $995 |
| 1 Bedroom | $1,123 |
| 2 Bedroom | $1,392 |
| 3 Bedroom | $1,691 |
| 4 Bedroom | $1,848 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $73,558 |
| Rent Burden (2BR FMR / Income) | 22.7% |
| Income Needed for 2BR (30% rule) | $55,680/yr |