Cheap Apartments for Rent in the Downtown Neighborhood of Syracuse, NY from $475 (101 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown area of Syracuse.

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Courtyard at James
$946 - $1,369
Total Monthly Price

Total Monthly Price

Base Rent
$946 - $1,369
Total Monthly Price
$946 - $1,369
1 to 2 Bedroom Apartments Available Now

Courtyard at James

708 James StSyracuse, NY 13203
Affordability
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  • Utilities Included

Syracuse's Best Affordable Neighborhoods

Learn about Syracuse and the best places to live with original content written by our Local Expert Jessica Mousseau

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The Treasury
$1,710 - $2,871
Total Monthly Price

Total Monthly Price

Base Rent
$1,710 - $2,871
Total Monthly Price
$1,710 - $2,871
Studio to 2 Bedroom Apartments Available Now

The Treasury

101 S Salina StSyracuse, NY 13202
Transit Friendly
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Downtown, Syracuse, NY Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Syracuse, NY is a Studio unit found at Brownstone Luxury Studio Apartments priced from $845. Courtyard at James has the second lowest priced unit, which is a 1 Bed apartment currently listed from $946. Here are the most affordable Downtown apartments for rent in Syracuse, NY:

Apartment ListingModel NameBed/BathPriced From
Brownstone Luxury Studio ApartmentsStudioStudio,1BA$845
Courtyard at James1 Bedroom-Waitlist1BR,1BA$946
Lifestyle Apartments at SyracuseThe Gardens Studio (All Utilities Included)Studio,1BA$1,000
The DuchessLifestyle 600 StudioStudio,1BA$1,050
Hawley GreenSTUDIO/1BAStudio,1BA$1,095
Hudson LoftsStudioStudio,1BA$1,100
Kasson PlaceOne Bedroom1BR,1BA$1,125
Nettleton Commons ApartmentsOne Bedroom1BR,1BA$1,200
CommonspaceCS Jefferson Furnished Micro LoftStudio,1BA$1,200
The Tallman BlockStudioStudio,1BA$1,225

Best Value Apartments for Rent in Downtown, NY

As of August 23, 2026 the best value apartment in the Downtown area is the $1.51 price per square foot 2BR/1.0BA Model at Creekwalk Commons in the in the Downtown Syracuse neighborhood starting from $2,070. The second greatest value Downtown apartment is the Jefferson Tower Furnished 2 Bedroom Model at Jefferson Tower starting at $2,060 with a $1.58 price per square foot in the University Hill neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Creekwalk Commons2BR/1.0BA2BR,1BA$1.51
Jefferson TowerJefferson Tower Furnished 2 Bedroom2BR,1BA$1.58
Merrell Soule Lofts2BR/1.0BA2BR,1BA$1.71
Lakefront Lofts2BR/1.0BA2BR,1BA$1.47
One Franklin Square2 Bedroom2BR,1BA$1.58
Greenway PlaceIris2BR,1BA$1.72
Nettleton Commons ApartmentsOne Bedroom1BR,1BA$1.41
Kasson PlaceOne Bedroom1BR,1BA$1.37
317 Montgomery St, Unit 4B317 Montgomery St1BR,1BA$1.69
Courtyard at James1 Bedroom-Waitlist1BR,1BA$1.72

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown, Syracuse, NY

Ranked #2

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,225.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Courtyard at James which is listed at $946, while the average apartment in Downtown costs $1,716.

What types of apartments are the cheapest in Downtown?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 105 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown?

Cheap apartments in Downtown have an average cost of $1,818 which is $0 cheaper than the average rent for all rentals in Downtown.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Top Student Friendly Neighborhoods to Rent Near Major Colleges and Universities in Syracuse article

Top Student Friendly Neighborhoods to Rent Near Major Colleges and Universities in Syracuse

Written by: Jessica Mousseau

Jessica here, your ApartmentHomeLiving.com Local Expert for Syracuse, New York. Centrally located in the state, it is a cost-effective place to live with a booming job market.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.