Studio Rent · August 2026

Studio Apartment Rent in Palmyra, NY

$850/mo

Median asking rent for a studio apartment in Palmyra, New York as of August 2026. That's +19% lower than the citywide median of $1,055 and +34% below the national studio median of $1,290.

Studio median
$850
August 2026
vs city overall
-19%
$1,055 city median
vs national
-34%
$1,290 US median
New York rank
#8
of 122 cities

Income needed for a studio in Palmyra

Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.

Annual income
$34,000
Monthly gross
$2,833
Hourly (full-time)
$16.35

Rent by apartment size in Palmyra

Compare Palmyra's median rent across every apartment size.

Studio (current)
$850
1-Bedroom
$950
2-Bedroom
$1,180
3-Bedroom
$1,430
4+ Bedroom
$1,570

Cheapest cities for a studio in New York

#CityStudio rent
1Potsdam$780
2Gloversville$790
3Elmira$817
4Auburn$830
5Endicott$830
6Watertown$830
7Oneonta$850
8Palmyra (this page)$850
9Lockport$860
10Niagara Falls$865
11Binghamton$873
12Johnson City$880
13North Tonawanda$880
14Utica$885
15Amsterdam$910

Most expensive cities for a studio in New York

#CityStudio rent
1Rye$3,610
2Harrison$3,300
3Scarsdale$3,110
4Nanuet$3,050
5Dobbs Ferry$2,920
6Nyack$2,860
7White Plains$2,798
8Woodbury$2,770
9Garden City$2,770
10Larchmont$2,750
11Mamaroneck$2,730
12Port Chester$2,700
13Irvington$2,670
14Eastchester$2,670
15Ossining$2,640

Nearby cities — studio rent

Considering nearby alternatives? 1 of these cities have cheaper studio rents than Palmyra.

CityDistanceStudio rentvs Palmyra
Farmington, NY9.4 mi$1,270+$420 (+49%)
Fairport, NY14 mi$1,140+$290 (+34%)
Canandaigua, NY15.2 mi$1,030+$180 (+21%)
Penfield, NY16.7 mi$1,060+$210 (+25%)
Webster, NY18.8 mi$1,250+$400 (+47%)
Henrietta, NY27.1 mi$1,050+$200 (+24%)
Rochester, NY29.2 mi$1,018+$168 (+20%)
West Henrietta, NY32.4 mi$1,450+$600 (+71%)
Auburn, NY46.7 mi$830$-20 (-2%)
Brockport, NY50.4 mi$970+$120 (+14%)
Oswego, NY58.7 mi$950+$100 (+12%)
Baldwinsville, NY59.5 mi$1,110+$260 (+31%)

Studio rent in Palmyra — common questions

How much is a studio apartment in Palmyra?

As of August 2026, the median studio apartment rent in Palmyra, New York is $850 per month. This is +19% below the citywide median of $1,055.

What income do you need to afford a studio in Palmyra?

Using the standard 30% rent-to-income rule, you would need an annual income of about $34,000 ($2,833/month gross), which works out to roughly $16.35/hour at a full-time job.

Is Palmyra expensive for a studio compared to the rest of the US?

Palmyra's studio median of $850 is +34% below the national studio median of $1,290. It ranks in the 13th percentile of US cities tracked.

How does Palmyra rank for studio rent in New York?

Among the 122 cities in New York with studio data, Palmyra ranks #8 from cheapest to most expensive.

Are there cheaper studio options near Palmyra?

Yes — nearby cities with cheaper studio rents include Auburn ($830).

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Methodology: Bedroom-level rent medians come from HUD Fair Market Rent data calibrated to the Zillow Observed Rent Index (ZORI) for Palmyra, which serves as the citywide anchor. When the HUD bedroom values exceed the ZORI city median (a common quirk in luxury markets and small samples), bedroom values are proportionally scaled down to align. Income required uses the standard 30% rent-to-income guideline. Comparison rankings use the same data month across all cities (August 2026) and exclude cities with median rent below $400 or above $20,000.