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?
$898/month
Average Rent
600 Sq Ft
Average Apartment Size
+1.5%
Increase in the Last Year
As of March 2025, the average rent in Binghamton, NY is $898 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 $646 per month for a studio, $898 for a one-bedroom apartment, and around $1,135 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,088 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 1.5%, which averages out to $14 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 March 2025
Legend
2024
2025
Rent Ranges in Binghamton, NY
Last Updated March 2025
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 First Ward 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 Southside East Binghamton 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, Westside Binghamton and Northside 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 $898, you’ll want to make about $2,993 per month or $35,916 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
-
$614/month
One Bedroom
$652/month
$1,028/month
Two Bedroom
$798/month
$1,755/month
Three Bedroom
$853/month
$1,402/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.