Buffalo, MN Rental Market Trends
Highlights
The average rent for an apartment in Buffalo is $1,008, a change amounting to approximately 0% compared to the previous year.
Average Rent in Buffalo, MN
Average Rent | Y-o-Y Change | Average Apartment Size |
---|---|---|
$1,008 | 0% | 926 sq. ft. |
The average size for a Buffalo, MN apartment is 926 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Buffalo, MN Apartment Rent Ranges
- $501-$7001%
- $701-$1,00037%
- $1,001-$1,50062%
Buffalo, MN Occupied Housing Units
- Renter-occupied Households30%
- Owner-occupied Households69%
1,772 or 30% of the households in Buffalo, MN are renter-occupied while 4,068 or 69% are owner-occupied.
Buffalo, MN Rent Trends
Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Jan / 2021 |
---|---|---|---|---|---|---|---|---|---|
Buffalo, MN | $956 | $956 | $972 | $979 | $988 | $1,005 | $986 | $1,002 | $1,008 |
National | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |

How Buffalo Compares to Other Cities
Average Rent | Y-o-Y Change | |
---|---|---|
Minneapolis | $1,540 | -4% |
St. Paul | $1,283 | -2% |
St. Cloud | $881 | 2% |
Edina | $1,497 | -1% |
Bloomington | $1,440 | -1% |
Maple Grove | $1,641 | 1% |
Albertville | $900 | 2% |
Ramsey | $1,323 | 13% |
St. Michael | $1,008 | n/a |
Elk River | $1,220 | 4% |
Buffalo | $1,008 | n/a |
For more information about the Buffalo rental trends, check out our monthly rent report
Check out Minnesota Cities, Minnesota Neighborhoods and Minnesota Zip Codes for more details on verified listings, including the Minnesota Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!