Renter Resources
Don't Sign the Lease Until You Understand These Clauses
One word in your lease can cost you hundreds or save you from a nightmare. Here's how to turn legalese into clear decisions before you sign.
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What to Know About
Life in Palmyra & Beyond
Palmyra 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
Palmyra, NY
As of August 2025, Palmyra's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Palmyra's average rent is 50.4% ($1,181) lower than the New York average of $2,343 and 35.1% ($628) lower than the U.S. average of $1,790.
Average Rent
$1,162
Monthly ChangeMonth Over Month Change
0.7% ($8)
Yearly ChangeYear Over Year Change
10.7% ($112)
Avg. Days on MarketAverage Days on Market
43
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,025 | 1.2% ($12) | 2.5% ($25) |
| 2 Beds | $1,174 | 1.2% ($14) | 6.7% ($74) |
| 3 Beds | $1,414 | 2.8% ($38) | 1.7% ($23) |
| Nearby Cities | Average Rent | Avg. Rent vs. PalmyraAverage Rent vs. Palmyra | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Manchester | $1,380 | 18.8% ($218) | 35 days |
| Walworth | $1,077 | 7.3% ($85) | 42 days |
| Farmington | $2,617 | 125.2% ($1455) | 36 days |
| Marion | $1,294 | 11.4% ($132) | 42 days |
| Fairport | $1,881 | 61.9% ($719) | 37 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Palmyra Rental Market FAQs
Explore rental prices, market trends, and availability in Palmyra, NY.
The average rent in Palmyra, NY is $1,162 per month.
Homes in Palmyra typically rent for between $718 and $1,838 per month, with an average of $1,162 per month.
In Palmyra, the average rent for a 1-bedroom home is $1,025 per month, for a 2-bedroom home, $1,174 per month, and a 3-bedroom home is $1,414 per month.
The average rent in Palmyra is 35.1% ($628) lower than the national average of $1,790 per month.
The average rent in Palmyra has decreased by 0.7% ($8) in the last month and increased by 10.7% ($112) over the past year.
The rental market in Palmyra, NY, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Palmyra, NY, the average rental stays on the market for approximately 43 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $46,960 to comfortably afford a 2-bedroom home in Palmyra.
