The average monthly rent of apartments in Binghamton, NY is $1,682.
About 35% of apartment rents in Binghamton, NY range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 5% of apartments. Around 19% of Binghamton’s apartments are in the $701-$1,000 price range. 12% of apartments are priced between $501-$700.
Compared to the national average rent of $1,713, the average rent in Binghamton, NY is $1,682.
Prices and availability in Binghamton, NY were last updated on 24 Apr 2024.
The best apartment in Binghamton, NY is: The River House.
The average rent in Binghamton, NY is $1,682. Start your search for apartments in Binghamton, NY now.
In Binghamton 58% of the housing is rented out compared to 42% of homes are owned, according to the most recent Census Bureau estimates. 9% of Binghamton’s apartments are found in large buildings of 50 units or more, 80% are located in smaller apartment complexes with less than 50 units, and 10% are single-family rentals.
The average age of rental buildings in Binghamton is 38 years old, with 30% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 5 stories, of which 78% are garden-style apartment communities, 32% are mid-sized buildings, and 16% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Rental apartments in Binghamton come in a range of sizes and floorplans. Studio apartments represent 5% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 30% of the total apartments in the city, while 2-bedroom floorplans represent around 46% of all rentals in Binghamton. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Binghamton is a small city in upstate New York located at the confluence of the Susquehanna and Chenango rivers. It’s the largest city in the state’s Southern Tier region and is located roughly eight miles from the Pennsylvania border. The city has a long history as a regional manufacturing center, but nowadays, Binghamton’s economy is more diverse: There are still many technology and defense manufacturers in the area, but many renters also work in healthcare and professional services. Downtown Binghamton has also been revitalized in recent years after a period of population decline in the 1970s and ’80s. In fact, many local renters are attracted to the town’s vibrant art scene. Specifically, the downtown area is home to many galleries, performing arts organizations and cafes. Binghamton University is also located in town, and many students rent in the area. While weather can be cold and cloudy in the winter, there are plenty of outdoor activities to check out in the summer. Many local renters also enjoy hiking, biking and fishing.
Binghamton offers renters a nice balance of urban conveniences and peaceful suburban atmosphere. In particular, many neighborhoods in Binghamton are walkable and there are many historic homes and apartment buildings in the area. Note that, due to the presence of Binghamton University, many apartments in the area cater to students. The downtown Binghamton area is the densest part of the city and contains a mix of mid-rise apartment buildings and townhomes. Rental apartments here offer easy access to restaurants, shops and local offices. Meanwhile, neighborhoods west and south of downtown consist mainly of single-family homes for rent, although many have been split up into multiple apartment units. Plus, rental prices in Binghamton are lower than the national average.
Shopping options in Binghamton vary by neighborhood. The downtown area has a selection of local boutiques and antique stores, as well as a Boscov’s department store. For a larger selection of chain retailers, renters will need to travel west of downtown Binghamton: The Oakdale Mall is located in nearby Johnson City and contains a mix of department stores and outlet stores. Otherwise, the Vestal Town Square is a popular hangout for local renters and contains a Target, Walmart, Sam’s Club, and many other stores, in addition to a movie theater and several restaurants. Renters in Binghamton also have plenty of options for grocery shopping throughout town: There are several Weis Market locations in the area, as well as many independently owned local markets. Other grocery stores in the area include Price Chopper, Wegman’s and Aldi.
Most renters in Binghamton opt to drive to get around town. That’s because the area’s snowy winters and hilly terrain make driving the most efficient way to get from place to place. If you plan on having a car while renting in Binghamton, be sure to select an apartment that offers safe and reliable parking. Alternatively, Broome County Transit also runs a network of buses throughout Binghamton and nearby towns, and renters attending Binghamton University can also take free shuttles to and from campus. Similarly, for renters looking to cut down on car use, buses can be a good alternative, although service is often limited at night. Greyhound buses also provide regional transit to New York City and Toronto, as well as other cities throughout upstate New York.
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