How much does it cost to rent in Binghamton, NY?

As of July 2026, the median monthly rent in Binghamton, NY is $1,322. This figure is based on aggregated data from public sources and community-submitted rents.

Is Binghamton cheaper than other New York cities?

Binghamton is among the more affordable cities in New York, ranking #114 out of 126 cities at $1,322/mo.

When was Binghamton rent data last updated?

Binghamton rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · NY

Binghamton

Name: Average Rent Prices in Binghamton, NY
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 47,151·114th most expensive in New York·Binghamton rents are up 10.1% over the past year

Median rent (all units)

$1,322/mo

Year-over-Year

+10.1%

Month-over-Month

Stable

vs US Median

-$643

Stable (Monthly)

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Most AffordableMost Expensive

Binghamton · $1,322

More affordable than 86% of US cities · National median $1,965/mo

Rent Reality Score

55/100

Fairly priced

OverheatedFairGreat value

Rents are 3% below what Binghamton's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,322/mo

Expected by trend

$1,359/mo

The Rent Reality Score compares today's median rent to where Binghamton's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$873

1 BR

$947

2 BR

$1,193

3 BR

$1,540

4 BR+

$1,763

Research median

$1,193/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$15,864/yr

At $1,322/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 10.1% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+10.1% YoY, +0.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

47,151

Median income

$45,578

Median age

35.9

Renters

56%

Age distribution

16.9%

32.2%

20.8%

12%

18%

Under 1816.9%

18–3432.2%

35–5420.8%

55–6412%

65+18%

Gender

48.2%

51.8%

Male48.2%

Female51.8%

Race & ethnicity

66.3%

14.6%

White66.3%

Black14.6%

Hispanic9.5%

Asian6.9%

Other2.7%

Education (25+)

12.8%

28.2%

28.4%

30.7%

No HS diploma12.8%

HS diploma28.2%

Some college28.4%

Bachelor's+30.7%

Housing tenure

44%

56%

Owner44%

Renter56%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Binghamton, NY has changed in 5 years

Rent

$827 → $1,322

up 59.9%

Income

$39,012 → $45,578

up 16.8%

Population

47,828 → 47,151

down 1.4%

Renter share

57.8% → 56%

-1.8 pts

Bachelor's+

28.9% → 30.7%

+1.8 pts

Five years ago, renters in Binghamton, NY paid around $827 a month. That figure now sits near $1,322, up 59.9% 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.

Community

Discussions about Binghamton

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View Binghamton rent history (2015–2026) →

Salary vs rent

Can you afford rent in Binghamton on your salary?

At $1,322/mo, how Binghamton rent compares to typical pay (30% rule).

Registered Nurse

Avg $107,707/yr · Rent = 14.7% income

very comfortable

Elementary School Teacher

Avg $76,471/yr · Rent = 20.7% income

affordable

Police Officer

Avg $88,088/yr · Rent = 18% income

very comfortable

Software Developer

Avg $157,445/yr · Rent = 10.1% income

very comfortable

Lawyer

Avg $201,176/yr · Rent = 7.9% income

very comfortable

Firefighter

Avg $71,603/yr · Rent = 22.2% income

affordable

Truck Driver

Avg $64,649/yr · Rent = 24.5% income

affordable

Electrician

Avg $79,686/yr · Rent = 19.9% income

very comfortable

By apartment size

Binghamton rent by bedroom count

Median rent for each apartment size in Binghamton. Click any size for full breakdown.

Local insights

Tips for renters in Binghamton

About renting in Binghamton, NY

Last updated: July 20, 2026

The median rent in Binghamton is $1,322/mo as of July 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 35% of local median household income ($45,578/yr), Binghamton ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.1% over the past year.

FAQ

Frequently asked questions

Is Binghamton an affordable city for renters?

Binghamton is considered moderate for renters. At $1,322/mo, rent takes approximately 35% of the local median household income ($45,578/yr). The standard benchmark is 30%. Binghamton slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Binghamton?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,322/mo in Binghamton. The local median household income is $45,578/yr, meaning the typical Binghamton household falls short of that threshold.

Is rent going up or down in Binghamton?

Rent in Binghamton has increased 10.1% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Binghamton neighborhoods have the lowest rent?

The most affordable ZIP codes in Binghamton are 13901 ($1,271/mo), 13903 ($1,296/mo), and 13905 ($1,421/mo). Citywide, the median rent in Binghamton is $1,322/mo.

How does Binghamton rent compare to other cities in New York?

Binghamton is one of the more affordable cities in New York for rent, ranking #114 out of 126 tracked cities at $1,322/mo.

Which nearby cities are cheaper to rent in than Binghamton?

Several nearby cities have lower median rents than Binghamton ($1,322/mo): Johnson City ($1,222/mo), Endicott ($1,267/mo).

What percentage of Binghamton residents rent vs. own?

According to Census data, approximately 56% of Binghamton households are renters, while 44% are owner-occupied. With a majority renter population, Binghamton has a strong rental market.

How does Binghamton rent compare to the national average?

Binghamton's median rent of $1,322/mo is $643 (33%) below the US national median of $1,965/mo. Within New York, it ranks #114 out of 126 tracked cities.

Income Affordability

35%

MODERATE

At $1,322/mo, rent takes ~35% of Binghamton's median household income ($45,578/yr). The standard benchmark is 30%.

Binghamton 35%Benchmark 30%

State income tax4–10.9%

Run the Binghamton affordability calculator →

Nearby cities