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Apartments for Rent in Buffalo, NY under $500

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  • 10 units available
    Studio $417
    Base rent Income restricted
    Verified Listing

    Buffalo I

    384 Broadway St., Buffalo, NY 14204
    Apply online • Pet friendly
  • Studio $500
    Base rent
    Verified Listing

    496 Elmwood

    496 Elmwood Ave., Buffalo, NY 14222
    Pet friendly
  • 2-0-city

Frequently asked questions

When were prices and availability in Buffalo, NY last updated?

Prices and availability in Buffalo, NY were last updated on 31 Oct 2026.

What are the best apartments in Buffalo, NY?
What type of rental buildings are in Buffalo, NY?

In Buffalo 57% of the housing is rented out compared to 43% of homes are owned, according to the most recent Census Bureau estimates. 11% of Buffalo's apartments are found in large buildings of 50 units or more, 73% are located in smaller apartment complexes with less than 50 units, and 15% are single-family rentals.

Renting apartments in Buffalo, NY under $500

Searching for apartments for rent in Buffalo, NY under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Buffalo, NY. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Buffalo, NY going for $417 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.