Rentometer, Inc. | Data as of 12/04/2025
Binghamton’s rental market offers a diverse mix of apartments and single‑family homes, catering to students, professionals, and growing families alike. One‑bedroom apartments average in the $1,000 range, with a median near $850, making downtown proximity and easy transit options especially appealing. Larger units such as two‑ and three‑bedroom apartments typically fall in the low $1,200 to $1,300 range, while spacious four‑plus‑bedroom apartments command premium pricing, often exceeding $3,000. For those seeking a house, one‑bedroom units average around $2,400 with median rents close to $1,200, and three‑bedroom homes hover near $1,800, reflecting the city’s balance of affordability and space.
Neighborhoods like the vibrant Downtown District, historic Front Street, and the family‑friendly Riverdale area each bring distinct character to the rental scene. Proximity to Binghamton University and the Rochester Institute of Technology drives demand for apartments near the campus, while professionals working at the growing tech and healthcare sectors appreciate the convenience of nearby transit corridors and the Brookfield Commons retail hub. The city’s riverfront parks, cultural venues such as the New York State Theater, and local dining hotspots add to the appeal for renters looking for a lively yet approachable community.
Overall, Binghamton rentals provide flexibility across price points and property types, whether you’re a student seeking a compact apartment, a couple looking for a modern two‑bedroom unit, or a family desiring a spacious house in a quiet neighborhood. The city’s blend of educational institutions, emerging job market, and abundant amenities ensures a stable and attractive rental environment for a wide range of tenants.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,023 | $850 | $480 - $2,100 | $700 - $1,200 |
| Apartment | 2 Bedroom | $1,295 | $1,099 | $670 - $2,500 | $850 - $1,400 |
| Apartment | 3 Bedroom | $1,244 | $1,029 | $650 - $2,175 | $890 - $1,744 |
| Apartment | 4+ Bedroom | $1,396 | $1,016 | $650 - $4,620 | $750 - $2,000 |
| House | 1 Bedroom | $2,431 | $1,195 | $500 - $5,600 | $500 - $5,600 |
| House | 2 Bedroom | $1,232 | $1,250 | $795 - $2,350 | $900 - $1,400 |
| House | 3 Bedroom | $1,816 | $2,000 | $650 - $3,500 | $1,400 - $2,250 |
| House | 4+ Bedroom | $3,794 | $3,412 | $575 - $50,000 | $2,700 - $4,210 |
In the current period, the average rent in Binghamton was $2,462 for Studio, $1,159 for 1 Bedroom, $1,267 for 2 Bedroom, $1,601 for 3 Bedroom, and $3,302 for 4+ Bedroom.
Data provided by Rentometer, Inc.