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Apartments for Rent in Palmyra, NY

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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 November 2026, Palmyra's rental market is balanced, with rentals spending about 36 days on the market, slower than in New York (28), and rents up 1.8% over the past year. Palmyra's average rent is 56.3% ($1,675) lower than the New York average of $2,977 and 36.1% ($734) lower than the U.S. average of $2,036.

Average Rent
$1,302
Monthly ChangeMonth Over Month Change
Increased0.16% ($2)
Yearly ChangeYear Over Year Change
Increased1.8% ($23)
Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,120 Increased0.18% ($2) Increased4.0% ($43)
2 Beds $1,371 Decreased0.05% ($1) Decreased0.8% ($11)
3 Beds $1,665 Decreased0.26% ($4) Decreased2.5% ($43)
Nearby Cities Average Rent Avg. Rent vs. PalmyraAverage Rent vs. Palmyra Days on Market
Manchester $1,185 Decreased9.0% ($117) 36 days
Newark $1,205 Decreased7.5% ($97) 36 days
Macedon $1,627 Increased25.0% ($325) 36 days
Walworth $1,450 Increased11.4% ($148) 36 days
Marion $1,450 Increased11.4% ($148) 36 days
Based on rentals advertised on RentalSource in and around Palmyra.
Frequently Asked Questions
Palmyra Rental Market FAQs

Explore rental prices, market conditions, and affordability in Palmyra, NY.

The average rent in Palmyra, NY is about $1,302 per month.
In Palmyra, the average rent is about $1,120 per month for a 1-bedroom apartment, about $1,371 for a 2-bedroom apartment and about $1,665 for a 3-bedroom apartment.
The average rent in Palmyra is 36.1% ($734) lower than the national average of $2,036 per month.
The rental market in Palmyra, NY is currently balanced, with rentals spending about 36 days on the market, slower than in New York (28), and rents up 1.8% over the past year.
Based on the current averages, a household would need an annual income of about $54,800 to comfortably afford a 2-bedroom apartment in Palmyra.
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