Binghamton, NY is a vibrant city located in the Southern Tier of New York State, and it’s home to a wide variety of rental opportunities. It’s a college town, with five different higher education institutions, and the city’s close proximity to the Finger Lakes and other natural attractions make it an attractive destination for students and families alike.
The average rental prices in Binghamton vary greatly depending on the location and type of unit. Generally, studios and one-bedrooms are the most affordable, with prices ranging from $500 to $900 per month. Two-bedroom apartments can range from $700 to $1,500 per month, and three and four-bedroom units are typically priced at $1,000 to $2,000.
When it comes to the best neighborhoods in Binghamton for renters, the city is divided into four distinct areas: Downtown, University District, Eastside, and Westside. Downtown is the most vibrant area, with plenty of restaurants, bars, and shopping. It’s also home to some of the city’s best schools, including Binghamton University, SUNY Broome Community College, and Davis College.
The average rental price of an apartment in Binghamton, NY is $769 per month. The average rental price of a townhouse in Binghamton, NY is $1,049 per month. The average rental price of a condo in Binghamton, NY is $842 per month. The average rental price of a loft in Binghamton, NY is $938 per month. The average rental price of a single family home in Binghamton, NY is $1,148 per month.
Rental prices in Binghamton, NY have been steadily increasing over the last five years. In March 2020, the median rent for a one-bedroom apartment in Binghamton was $750 per month, up from $635 in March 2015. The median rent for a two-bedroom apartment also increased, from $750 in March 2015 to $900 in March 2020.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Binghamton, NY are as follows:
1-Bedroom: $750
2-Bedroom: $895
3-Bedroom: $1,100
Binghamton, NY has one of the highest student-teacher ratios in the United States. The average student-teacher ratio in Binghamton Public Schools is 15.7 students per teacher, which is significantly higher than the national average of 16.1 students per teacher. Additionally, Binghamton Public Schools have fewer resources than the national average. According to the US Department of Education, the average per-pupil spending in Binghamton is $15,868, which is lower than the national average of $12,509. Despite these lower resources, Binghamton Public Schools have consistently achieved above-average performance on state assessments.
1. Downtown Binghamton
2. Vestal
3. Endicott
4. Johnson City
5. West Side
1. West Side
2. South Side
3. East Side
4. Downtown Binghamton
5. Vestal Hills