Rents are 6% below what Binghamton's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,838 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Binghamton is 0.4% below its high of $1,845 in April 2026, at $1,838 as of September 2026.
Rent in Binghamton changed +5.9% over the year to September 2026. Across the 82 New York cities Zillow tracks, the typical change was +5.3%.
30% of the median household income ($45,578) is $1,139 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($947); a 2-bedroom is $1,193.
The priciest of 3 ZIP codes in Binghamton, 13905 ($2,008/mo), costs 1.5 times the cheapest, 13903 ($1,314/mo).
Johnson City, 6 miles away, rents for 27% less ($1,338/mo), about $6,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Binghamton. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Binghamton, NY is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 30.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Binghamton, NY has changed in 5 years
Five years ago, renters in Binghamton, NY paid around $1,272 a month. That figure now sits near $1,838, up 44.5% from the 2022 baseline. Local incomes tracked alongside that move, going from a median of $39,012 in 2021 to $45,578 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Binghamton, NY losing about 677 residents over the five-year window, down 1.4% on net. The renter share has eased from 57.8% to 56%, with owner-occupied housing accounting for the remainder. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Binghamton, NY market of 2022.
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Can you afford rent in Binghamton on your salary?
At $1,838/mo, how Binghamton rent compares to typical pay (30% rule).
Binghamton rent by bedroom count
Median rent for each apartment size in Binghamton. Click any size for full breakdown.
Tips for renters in Binghamton
Last updated: October 17, 2026
The median rent in Binghamton is $1,838/mo as of October 2026. A studio apartment averages $873/mo while a 2-bedroom runs $1,193/mo. One-bedroom apartments average $947/mo and 3-bedroom units go for $1,540/mo.
At 48% of local median household income ($45,578/yr), Binghamton ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.9% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Binghamton?
At $1,838/mo, rent takes ~48% of Binghamton's median household income ($45,578/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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