Legacy Bay Townhomes
436 Glenwood Rd,
Binghamton, NY 13905
1-2 Beds | $1,075 - $1,295
Rental Market Trends in Binghamton, NY
What is the average rent in Binghamton, NY?
$904/month
Average Rent
600 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of December 2024, the average rent in Binghamton, NY is $904 per month. This is 42% lower than the national average rent of $1,560/month, making renting in Binghamton more affordable than most cities in the US. When you rent an apartment in Binghamton, you can expect to pay about $645 per month for a studio, $904 for a one-bedroom apartment, and around $1,133 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,086 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Binghamton, NY?
In the past year, rent has increased by 2.1%, which averages out to $19 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Binghamton, NY
Last Updated December 2024
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
40%
Below $700/month
26%
$700 - $1,000/month
17%
$1,001 - $1,500/month
9%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Binghamton?
Based on current rent prices, Northside Binghamton, Eastside Binghamton and Southside East Binghamton are the most affordable neighborhoods in Binghamton.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Binghamton?
Based on current rent prices, Westside Binghamton, Center City and Ely Park are the most expensive neighborhoods in Binghamton.
Neighborhood
Average Rent
Average Sq Ft
Which Binghamton neighborhoods have the most rentals available?
The neighborhoods in Binghamton with the most apartments available are Center City, Northside Binghamton and Westside Binghamton .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Binghamton, NY?
Because the average rent in Binghamton is $904, you’ll want to make about $3,013 per month or $36,156 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Binghamton, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Binghamton, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$612/month
One Bedroom
$651/month
$1,026/month
Two Bedroom
$796/month
$1,751/month
Three Bedroom
$851/month
$1,401/month
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.