Binghamton, NY Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Binghamton is $1,855, a 6.77% increase compared to the previous year, when the average rent was $1,737.
Studio Apartments at $1,253 offer the most budget-friendly option with 451 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 649 square feet for $1,299, balancing privacy and affordability.
Two-beedroom units at $1,570 offer 1,051 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,094 sq ft) for $1,736, suitable for larger households.
Average rent in Binghamton, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,855 | 991 sq. ft. |
| Studio | $1,253 | 451 sq. ft. |
| 1 Bed | $1,299 | 649 sq. ft. |
| 2 Beds | $1,570 | 1,051 sq. ft. |
| 3 Beds | $1,736 | 1,094 sq. ft. |
Binghamton, NY rent trends
Rental prices in Binghamton, NY have increased by 6.77% over the past year. The average rent moved from $1,737 to $1,855.
What's the typical rent budget in Binghamton, NY?
The largest share of rentals in Binghamton, NY (46%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Binghamton, NY?
11,873 or 57% of the households in Binghamton, NY are renter-occupied while 9,077 or 43% are owner-occupied.
Average Rent in Binghamton, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Binghamton City | $1,855 |
How Binghamton Compares to Other Cities
| City | Average Rent |
|---|---|
| Binghamton | $1,855 |
| New York City | $5,284 |
| Manhattan | $5,632 |
| Brooklyn | $4,205 |
| Hudson Valley | $2,595 |
| Queens | $4,171 |
| Buffalo | $1,410 |
| Albany | $1,728 |
| Ithaca | $2,300 |
| Rochester | $1,512 |
| Troy | $1,588 |
| Johnson City, NY | $1,568 |
| Vestal, NY | $2,190 |
| Endicott, NY | $1,005 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Binghamton apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.