Rentometer, Inc. | Data as of 10/23/2025
Owego, a charming city nestled in the heart of Southern Tier New York, offers a balanced rental market ideal for professionals, families, and students alike. The city’s historic downtown, lined with boutique shops, cafés, and the picturesque Owego Creek, creates a lively atmosphere while still providing a peaceful residential feel. Popular neighborhoods such as North Owego and South Owego feature a mix of well‑maintained apartment complexes and single‑family homes, giving renters a variety of housing options within walking distance to schools, parks, and the vibrant Riverfront District. With easy access to the Susquehanna River and attractions like the Owego Country Club and the Thomas H. Bickley House, residents enjoy both cultural enrichment and outdoor recreation year‑round.
The local rental market is anchored by a range of comfortable apartments, particularly one‑bedroom units that are in high demand. Average rents for these apartments hover in the $1,050 range, with a median figure near $950, reflecting Owego’s reputation for affordable yet quality living. Prospective renters will appreciate the city’s strong sense of community, reliable public services, and proximity to major employment centers in nearby Binghamton and Ithaca. Whether you’re seeking a modern apartment close to downtown amenities or a quieter setting near the hills, Owego’s housing market provides a welcoming environment that balances cost‑effectiveness with a high standard of living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,048 | $950 | $795 - $1,400 | $795 - $1,400 |
In the current period, the average rent in Owego was
$1,048 for 1 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.