Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Binghamton & Beyond
Binghamton shares many of the great qualities that make New York a desirable place to live.
New York state is known for its iconic skyscrapers, cultural diversity, and history. Visit notable museums, such as the Metropolitan Museum of Art, the American Museum of Natural History, and the Museum of Modern Art, to learn about the state's cultural heritage. New York is also home to prestigious universities like Columbia University, Cornell University, and New York University. The theater and art scene also thrive in New York, with world-renowned museums and performance centers in NYC like the Metropolitan Museum of Art, Lincoln Center, and Carnegie Hall.
From the breathtaking peaks of the Adirondack and Catskill Mountains to the scenic beauty of the Finger Lakes, outdoor enthusiasts will find plenty to explore. In terms of sports, New York is home to many professional teams like the New York Giants (NFL), Buffalo Bills (NFL), New York Rangers (NHL), New York Yankees (MLB), New York Mets (MLB), the New York Knicks (NBA), and Brooklyn Nets (NBA). In addition, embrace famous attractions like the Empire State Building, Statue of Liberty, Central Park, and Niagara Falls.
New York offers a high quality of life, a strong economy, and a rich cultural heritage, making it a great place to live.
Rental Market Trends
Binghamton, NY
As of June 2026, Binghamton's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Binghamton's average rent is 45.5% ($981) lower than the New York average of $2,155 and 34.7% ($623) lower than the U.S. average of $1,797.
Average Rent
$1,174
Monthly ChangeMonth Over Month Change
0.3% ($3)
Yearly ChangeYear Over Year Change
0.7% ($8)
Avg. Days on MarketAverage Days on Market
44
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $955 | 2.8% ($28) | 1.3% ($13) |
| 2 Beds | $1,065 | 2.6% ($28) | 22.7% ($313) |
| 3 Beds | $1,323 | 0.2% ($2) | 17.1% ($273) |
| Nearby Cities | Average Rent | Avg. Rent vs. BinghamtonAverage Rent vs. Binghamton | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Johnson City | $1,046 | 10.9% ($128) | 41 days |
| Vestal | $1,335 | 13.7% ($161) | 38 days |
| Endicott | $1,018 | 13.3% ($156) | 38 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Binghamton Rental Market FAQs
Explore rental prices, market trends, and availability in Binghamton, NY.
The average rent in Binghamton, NY is $1,174 per month.
Houses in Binghamton typically rent for between $669 and $1,720 per month, with an average of $1,174 per month.
In Binghamton, the average rent for a 1-bedroom house is $955 per month, for a 2-bedroom house, $1,065 per month, and a 3-bedroom house is $1,323 per month.
The average rent in Binghamton is 34.7% ($623) lower than the national average of $1,797 per month.
The average rent in Binghamton has decreased by 0.3% ($3) in the last month and decreased by 0.7% ($8) over the past year.
The rental market in Binghamton, NY, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Binghamton, NY, the average rental stays on the market for approximately 44 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 28 rental properties available in Binghamton, NY.
Based on the current averages, a household would need an annual income of $42,600 to comfortably afford a 2-bedroom house in Binghamton.
