Legacy Bay Townhomes
436 Glenwood Rd,
Binghamton, NY 13905
1-2 Beds | $1,125 - $1,360
Rental Market Trends in Binghamton, NY
What is the average rent in Binghamton, NY?
$902/month
Average Rent
600 Sq Ft
Average Apartment Size
+1.1%
Increase in the Last Year
As of June 2025, the average rent in Binghamton, NY is $902 per month. This is 45% lower than the national average rent of $1,628/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 $683 per month for a studio, $902 for a one-bedroom apartment, and around $1,152 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,090 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 1.1%, which averages out to $10 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 June 2025
Legend
2024
2025
Rent Ranges in Binghamton, NY
Last Updated June 2025
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
36%
Below $700/month
33%
$700 - $1,000/month
14%
$1,001 - $1,500/month
6%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Binghamton?
Based on current rent prices, Railway Historic District, Northside Binghamton and Center City 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 Northside 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, Northside Binghamton and Railway Historic District .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Binghamton, NY?
Because the average rent in Binghamton is $902, you’ll want to make about $3,006 per month or $36,072 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
-
$616/month
One Bedroom
-
$1,030/month
Two Bedroom
-
$1,749/month
Three Bedroom
-
$1,405/month
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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 June 2025.
* Percentages may not total 100 due to rounding.