Buffalo, NY Rental Market Trends

Highlights

The average rent for an apartment in Buffalo is $1,097, a 3% increase compared to the previous year, when the average rent was $1,062.

Average Rent in Buffalo, NY

Last updated Mar 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,097	3%	797 sq. ft.

The average size for a Buffalo, NY apartment is 797 square feet, but this number varies greatly depending on apartment type. 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

$501-$70015%
$701-$1,00044%
$1,001-$1,50026%
$1,501-$2,0007%
> $2,0008%

Buffalo, NY Rent Trends

Average Rent	Jan / 2016	May / 2016	Sept / 2016	Jan / 2017	May / 2017	Sept / 2017	Jan / 2018	May / 2018	Mar / 2019
Buffalo, NY	$903	$923	$946	$1,050	$1,055	$1,062	$1,088	$1,103	$1,097
National	$1,290	$1,319	$1,334	$1,329	$1,354	$1,366	$1,366	$1,381	$1,396

Average Rent in Buffalo, NY By Neighborhood

Average Rent
Neighborhood	Average Rent
Riverside Park	$667
Black Rock	$667
Triangle	$711
South Abbott	$711
Cazenovia Park	$711
Abbott McKinley	$711
Lakeview	$772
Columbus	$799
Allentown	$799
South Park	$809
Park Meadow	$920
North Park	$920
North Delaware	$920
Military	$920
Starin Central	$962
Delaware Park	$962
Albright	$980
Parkside	$993
Hamlin Park	$993
Masten Park	$997
Cold Spring	$997
Delaware - West Ferry	$1,004
Bryant	$1,004
Buffalo State	$1,019
Waterfront	$1,021
Tifft	$1,023
University	$1,086
Leroy	$1,086
LaSalle	$1,086
Schiller Park	$1,167
Kensington	$1,167
Kenfield	$1,167
Grider	$1,167
Genesee Moselle	$1,167
Downtown Buffalo	$1,229
South Ellicott	$1,251
Perry	$1,251
Willert Park	$1,258
Fruit Belt	$1,258
First Ward	$1,258
Front Park	$1,399
Grant Ferry	$1,594
Forest	$1,594
State Hospital	$2,534

The most affordable neighborhoods in Buffalo are Black Rock, where the average rent goes for $667/month, Riverside Park, where renters pay $667/mo on average, and Abbott McKinley, where the average rent goes for $711/mo. If you’re looking for other great deals, check out the listings from Cazenovia Park ($711), South Abbott ($711), and Triangle ($711), where the asking prices are below the average Buffalo rent of $1,097/mo.

The most expensive neighborhoods in Buffalo are Forest ($1,594), Grant Ferry ($1,594) and State Hospital ($2,534).

Buffalo | Rent Comparison by Neighborhood

Rent in Abbott McKinley is 27% lower than in Albright

$711

Abbott McKinley rent is 35% lower than Buffalo average

Average Rent	$711

$980

Albright rent is 11% lower than Buffalo average

Average Rent	$980

How Does Buffalo Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Manhattan	$4,188	2%
Bronx	$1,694	n/a
Rochester	$957	5%
Brooklyn	$2,695	1%
Buffalo	$1,097	3%
Queens	$2,178	n/a

For more information about the Buffalo rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Buffalo apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.