Internet of Things (IoT) is rather prevalent in many manufacturing and smart city applications, while localization is a premise for many other processes, varying from ordering objects in manufacturing lines to locating books on bookshelves. Radio Frequency Identification (RFID) based localization is of great interest in many IoT applications. Synthetic aperture RFID, due to its anti-noise capability and robustness against multipath distortion, is becoming a rising star in the field of localization. Existing systems achieve finer lateral resolution, whereas their radial accuracy is limited by the narrow bandwidth of RFID signal. In this paper, we present a novel synthetic aperture RFID localization method which combines RFID phase based ranging with synthetic aperture technology, to achieve a higher radial accuracy than the existing systems. With only one reader antenna and one 1-dimensional (1D) trajectory, a synthetic array is constructed to get an accurate localization result both in lateral and radial direction. Its core idea is to make full use of the coherence of all multi-frequency phase data and merge them into a unique ranging based likelihood function. To improve the accuracy, the relative phase is leveraged to eliminate phase offsets caused by the reader antenna, and the phase deviation from the angle-of-arrival response is calibrated by pre-processing. Then a weighted enhancement is fully exploited to further improve the localization performance. We evaluate its performance with commercial-off-the-shelf (COTS) RFID devices and the results show that it achieves median accuracy of 3cm in both lateral and radial direction. This novel promising method is suitable for locating tags placed densely in many IoT applications, such as test tubes in hospitals.