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Studio Apartment for Rent in Binghamton, NY

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    $1,200

    Total Monthly Price

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    27 Mill St Unit Suite 2, Binghamton, NY 13903

    Modern Studio RetreatDiscover comfort and convenience in this modern studio apartment located on the second floor, just moments from Downtown. This fully-furnished space offers everything you need for a cozy and hassle-free living experience.Key Features:Prime Location: Enjoy easy access to Downtown, with its vibrant shops, cafes, and entertainment options just a short

    27 Mill St Unit Suite 2, Binghamton, NY 13903

Why Live in Binghamton

Binghamton's cultural scene thrives with the LUMA Projection Arts Festival, North America's largest projection mapping event, and six historic carousels that earned the city its "Carousel Capital of the World" nickname. The downtown area features the Roberson Museum and Science Center, showcasing art and local history exhibits, while the Anderson Center at Binghamton University brings diverse performing arts programming. Outdoor recreation spans across Otsiningo Park along the Chenango River and the Binghamton University Nature Preserve's hiking trails. The culinary landscape includes upscale dining at Remlik's Grille & Oyster Bar, Mediterranean cuisine at Citrea Restaurant, and the city's signature spiedie sandwiches celebrated at the annual Spiedie Fest and Balloon Rally.

The housing market in Binghamton presents diverse options across distinct neighborhoods. The median sale price for homes is $166,000, with single-family homes having a median price of $171,500. Downtown Binghamton commands the highest median single-family home prices at $350,000, while the West Side neighborhood shows median single-family prices of $167,500. Townhomes have a median price of $153,000, and condos range from $108,000 for one bedroom to $165,500 for two bedrooms.

Property taxes in Broome County have an effective rate of 2.64%, higher than nearby Scranton, Pennsylvania at 1.53%, but comparable to Syracuse at 2.59%. The New York State income tax rate is 4.00% for a yearly salary of $42,741.00. Educational options include highly rated private schools like Seton Catholic Central High School and St. James School, both rated A by Niche. BC Transit provides public transportation throughout the city, connecting to the Greater Binghamton Transportation Center for regional travel.

Frequently Asked Questions

How much does it cost to rent a home in Binghamton, NY?
The median rent for a home in Binghamton, NY is $1,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Binghamton, NY?
To comfortably afford the median rent in Binghamton, NY, a household needs to earn roughly $60,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,500 per month in Binghamton, NY, renters typically need to show $4,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Binghamton, NY?
In Binghamton, NY, the price-to-rent ratio is 10.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Binghamton, NY

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,500
Median Single Family Home Rent
$1,850
Median Townhouse Rent
$1,600
Median Condo Rent
$1,300
How to Rent a Home