Buffalo, NY Rental Market Trends
What is the average rent in Buffalo?
The average rent for an apartment in Buffalo is $1,182. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Buffalo, NY
| Average Rent | Average Apartment Size |
|---|---|
| $1,182 | 788 sq. ft. |
What is the average apartment size in Buffalo?
The average size for a Buffalo, NY apartment is 788 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
55,592 or 50% of the households in Buffalo, NY are renter-occupied while 55,304 or 49% are owner-occupied.
Buffalo, NY Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buffalo, NY | $1,047 | $1,060 | $1,067 | $1,064 | $1,069 | $1,076 | $1,101 | $1,107 | $1,130 | $1,146 | $1,182 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Buffalo, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| State Hospital | $2,257 |
| Forest | $1,565 |
| Grant Ferry | $1,565 |
| Downtown Buffalo | $1,349 |
| Genesee Moselle | $1,337 |
| Grider | $1,337 |
| Kenfield | $1,337 |
| Kensington | $1,337 |
| Schiller Park | $1,337 |
| Front Park | $1,320 |
| First Ward | $1,307 |
| Fruit Belt | $1,307 |
| Willert Park | $1,307 |
| LaSalle | $1,283 |
| Leroy | $1,283 |
| University | $1,283 |
| Perry | $1,256 |
| South Ellicott | $1,256 |
| Hamlin Park | $1,238 |
| Parkside | $1,238 |
| Tifft | $1,202 |
| Delaware Park | $1,201 |
| Starin Central | $1,201 |
| Waterfront | $1,199 |
| Buffalo State | $1,142 |
| Military | $1,133 |
| North Delaware | $1,133 |
| North Park | $1,133 |
| Park Meadow | $1,133 |
| Albright | $1,131 |
| Bryant | $1,130 |
| Delaware - West Ferry | $1,130 |
| Cold Spring | $1,124 |
| Masten Park | $1,124 |
| South Park | $1,026 |
| Abbott McKinley | $979 |
| Cazenovia Park | $979 |
| South Abbott | $979 |
| Triangle | $979 |
| Allentown | $846 |
| Columbus | $846 |
| Lakeview | $803 |
What are the most affordable neighborhoods in Buffalo?
The most affordable neighborhoods in Buffalo are Lakeview, where the average rent goes for $803/month, Allentown, where renters pay $846/mo on average, and Columbus, where the average rent goes for $846/mo. If you’re looking for other great deals, check out the listings from Abbott McKinley ($979), Cazenovia Park ($979), and South Abbott ($979), where the asking prices are below the average Buffalo rent of $1,182/mo.
What are the most expensive neighborhoods in Buffalo?
The most expensive neighborhoods in Buffalo are Forest ($1,565), Grant Ferry ($1,565) and State Hospital ($2,257).
What are the most popular neighborhoods in Buffalo?
The most popular neighborhood in Buffalo is Bryant, where there are 4 verified RentCafe listings with an average rent of $1,130. Next up is Allentown, where apartments go for $846/month, followed by Abbott McKinley with $979 If you’re looking to rent in Buffalo’s most popular neighborhoods, make sure to also check out Cold Spring, where renters pay $1,124 on average, and Columbus, where the average monthly rent is $846.
Buffalo | Rent Comparison by Neighborhood
Rent in Abbott McKinley is 13% lower than in Albright
Abbott McKinley rent is 17% lower than Buffalo average
| Average Rent | $979 |
|---|
Albright rent is 4% lower than Buffalo average
| Average Rent | $1,131 |
|---|
How Buffalo Compares to Other Cities
| City | Average Rent |
|---|---|
| Manhattan | $4,265 |
| Hudson Valley | $2,126 |
| Bronx | $1,650 |
| Brooklyn | $3,124 |
| Amherst Town | $1,520 |
| Rochester | $1,187 |
| Queens | $2,769 |
| Albany | $1,441 |
| Buffalo | $1,182 |
| Troy | $1,320 |
| Tonawanda Town | $1,073 |
| White Plains | $2,987 |
| Henrietta | $1,385 |
| Amityville | $2,285 |
| Brighton | $1,286 |
| Greece | $1,061 |
| Irondequoit | $1,022 |
| Penfield | $1,425 |
| Cheektowaga Town | $1,074 |
| Lancaster | $1,201 |
| Niagara Falls | $904 |
Most Popular Apartments in Buffalo
Apartments At 400 Elmwood
400 Elmwood Avenue, Buffalo, NY 14222- 1 BED
- 2 BEDS
- $1,000+
- Ask for pricing