A small community, Vestal is used to a flood of students looking for rental properties each year. Because it is so small compared to the size of the university though, there are only so many apartments to go around. You should start looking in March or April to get ahead of the other apartment hunting students.
As in most cities under 30,000 residents, Vestal landlords put personal relationships above pure numbers. That means if you have good references and have a professional demeanor, you may be able to find an apartment as a student that might be more difficult in a city with more stringent income requirements for rentals.
Vestal is an easy city to get around. If you prefer to drive, you'll have no problem navigating the small town. Foot and bicycle travel is also possible, at least during the summer months. The only option that isn't available is public transit, which is more or less restricted to transportation to nearby towns via the Broome County transit system.
Vestal itself is a quiet little town, but for many, that is one of the best things about living there. Local dining options include Fushimi and the P.S. Restaurant and Luxury Lounge, for classic French dining. Just North of Binghamton on the Vestal Parkway, you can find a number of local bars that are likely to be filled with students every night of the week.