Buffalo, NY Rental Market Trends
What is the average rent in Buffalo?
The average rent for an apartment in Buffalo is $1,289. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Buffalo, NY
| Average Rent | Average Apartment Size |
|---|---|
| $1,289 | 794 sq. ft. |
What is the average apartment size in Buffalo?
The average size for a Buffalo, NY apartment is 794 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, NY apartment rent ranges
Buffalo, NY Occupied Housing Units
67,636 or 57% of the households in Buffalo, NY are renter-occupied while 50,435 or 43% are owner-occupied.
Buffalo, NY rent trends
Average Rent in Buffalo, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| State Hospital | $2,960 |
| Genesee Moselle | $1,530 |
| Grider | $1,530 |
| Kenfield | $1,530 |
| Kensington | $1,530 |
| Schiller Park | $1,530 |
| Downtown Buffalo | $1,470 |
| Forest | $1,465 |
| Grant Ferry | $1,465 |
| First Ward | $1,452 |
| Fruit Belt | $1,452 |
| Willert Park | $1,452 |
| Tifft | $1,449 |
| LaSalle | $1,427 |
| Leroy | $1,427 |
| University | $1,427 |
| Perry | $1,384 |
| South Ellicott | $1,384 |
| Hamlin Park | $1,342 |
| Parkside | $1,342 |
| South Park | $1,337 |
| Delaware Park | $1,331 |
| Starin Central | $1,331 |
| Military | $1,312 |
| North Delaware | $1,312 |
| North Park | $1,312 |
| Park Meadow | $1,312 |
| Albright | $1,213 |
| Abbott McKinley | $1,200 |
| Cazenovia Park | $1,200 |
| South Abbott | $1,200 |
| Triangle | $1,200 |
| Front Park | $1,174 |
| Cold Spring | $1,173 |
| Masten Park | $1,173 |
| Bryant | $1,172 |
| Delaware - West Ferry | $1,172 |
| Buffalo State | $1,169 |
| Waterfront | $1,048 |
| Allentown | $876 |
| Columbus | $876 |
| Lakeview | $855 |
What are the most affordable neighborhoods in Buffalo?
The most affordable neighborhoods in Buffalo are Lakeview, where the average rent goes for $855/month, Allentown, where renters pay $876/mo on average, and Columbus, where the average rent goes for $876/mo. If you’re looking for other great deals, check out the listings from Waterfront ($1,048), Buffalo State ($1,169), and Bryant ($1,172), where the asking prices are below the average Buffalo rent of $1,289/mo.
What are the most expensive neighborhoods in Buffalo?
The most expensive neighborhoods in Buffalo are Kensington ($1,530), Schiller Park ($1,530) and State Hospital ($2,960).
What are the most popular neighborhoods in Buffalo?
The most popular neighborhood in Buffalo is Bryant, where there are 13 listings with an average rent of $1,172. Next up is Front Park, where apartments go for $1,174/month, followed by Columbus with $876 If you’re looking to rent in Buffalo’s most popular neighborhoods, make sure to also check out Delaware - West Ferry, where renters pay $1,172 on average, and Downtown Buffalo, where the average monthly rent is $1,470.
Buffalo | Rent Comparison by Neighborhood
Rent in Abbott McKinley is 1% lower than in Albright
Abbott McKinley rent is 7% lower than Buffalo average
| Average Rent | $1,200 |
|---|
Albright rent is 6% lower than Buffalo average
| Average Rent | $1,213 |
|---|
How Buffalo Compares to Other Cities
| City | Average Rent |
|---|---|
| Manhattan | $4,742 |
| Hudson Valley | $2,215 |
| Brooklyn | $3,350 |
| Bronx | $1,787 |
| Buffalo | $1,289 |
| Albany | $1,603 |
| Ithaca | $2,034 |
| Queens | $2,902 |
| Yonkers | $2,457 |
| Syracuse | $1,472 |
| Amityville | $2,453 |
| Rochester | $1,343 |
| Niagara Falls | $975 |
| North Tonawanda | $1,338 |
| Victor | $1,775 |
| Avon | $1,823 |
| Lackawanna | $1,478 |
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