Rent Tracker
Rent Inflation in Binghamton, NY
The average asking rent in Binghamton, NY is $1,587/month as of 2026-08. That is +6.7% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,587/mo
as of 2026-08
Year-over-Year Change
+6.7%
24-Month Rent Trend
Monthly ZORI index values for Binghamton, NY.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,587 | +2.92% |
| 2026-07 | $1,542 | -0.32% |
| 2026-06 | $1,547 | -0.58% |
| 2026-05 | $1,556 | -1.89% |
| 2026-04 | $1,586 | +1.28% |
| 2026-03 | $1,566 | +2.02% |
| 2026-02 | $1,535 | +1.79% |
| 2026-01 | $1,508 | -1.24% |
| 2025-12 | $1,527 | +0.20% |
| 2025-11 | $1,524 | -1.10% |
| 2025-10 | $1,541 | +2.94% |
| 2025-09 | $1,497 | +0.67% |
| 2025-08 | $1,487 | +0.88% |
| 2025-07 | $1,474 | +0.27% |
| 2025-06 | $1,470 | +0.27% |
| 2025-05 | $1,466 | +1.45% |
| 2025-04 | $1,445 | -0.07% |
| 2025-03 | $1,446 | +1.47% |
| 2025-02 | $1,425 | +0.35% |
| 2025-01 | $1,420 | +0.21% |
| 2024-12 | $1,417 | -0.70% |
| 2024-11 | $1,427 | -0.56% |
| 2024-10 | $1,435 | +0.56% |
| 2024-09 | $1,427 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices