Homes & 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 June 2026, Palmyra's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Palmyra's average rent is 44.8% ($966) lower than the New York average of $2,155 and 33.8% ($608) lower than the U.S. average of $1,797.

Average Rent
$1,189
Monthly ChangeMonth Over Month Change
Increased0.3% ($4)
Yearly ChangeYear Over Year Change
Increased1.6% ($19)
Avg. Days on MarketAverage Days on Market
43
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,093 Decreased1.2% ($13) Increased5.4% ($56)
2 Beds $1,219 Decreased0.8% ($10) Increased2.6% ($31)
3 Beds $1,514 Increased1.6% ($24) Increased10% ($138)
Nearby Cities Average Rent Avg. Rent vs. PalmyraAverage Rent vs. Palmyra Avg. Days on MarketAverage Days on Market
Newark $860 Decreased27.7% ($329) 40 days
Farmington $1,218 Increased2.4% ($29) 36 days
Marion $1,241 Increased4.4% ($52) 42 days
Fairport $2,063 Increased73.5% ($874) 37 days
Ontario $1,934 Increased62.7% ($745) 41 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 $1,189 per month.
Homes in Palmyra typically rent for between $765 and $1,968 per month, with an average of $1,189 per month.
In Palmyra, the average rent for a 1-bedroom home is $1,093 per month, for a 2-bedroom home, $1,219 per month, and a 3-bedroom home is $1,514 per month.
The average rent in Palmyra is 33.8% ($608) lower than the national average of $1,797 per month.
The average rent in Palmyra has increased by 0.3% ($4) in the last month and increased by 1.6% ($19) 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.
There are currently 3 rental properties available in Palmyra, NY.
Based on the current averages, a household would need an annual income of $48,760 to comfortably afford a 2-bedroom home in Palmyra.
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