Buffalo, NY Rental Market Trends
Highlights
The average rent for an apartment in Buffalo is $1,070, a 1% increase compared to the previous year.
Average Rent in Buffalo, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,070 | 1% | 782 sq. ft. |
The average size for a Buffalo, NY apartment is 782 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
- $501-$70013%
- $701-$1,00051%
- $1,001-$1,50024%
- $1,501-$2,0006%
- > $2,0006%
Buffalo, NY Occupied Housing Units
- Renter-occupied Households49%
- Owner-occupied Households50%
54,482 or 49% of the households in Buffalo, NY are renter-occupied while 56,219 or 50% are owner-occupied.
Buffalo, NY Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buffalo, NY | $919 | $1,020 | $1,027 | $1,032 | $1,049 | $1,051 | $1,047 | $1,060 | $1,067 | $1,064 | $1,070 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Buffalo, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Riverside Park | $667 |
| Black Rock | $667 |
| Lakeview | $776 |
| Triangle | $786 |
| South Abbott | $786 |
| Cazenovia Park | $786 |
| Abbott McKinley | $786 |
| Columbus | $789 |
| Allentown | $789 |
| South Park | $880 |
| Waterfront | $897 |
| Park Meadow | $967 |
| North Park | $967 |
| North Delaware | $967 |
| Military | $967 |
| Masten Park | $983 |
| Cold Spring | $983 |
| Albright | $989 |
| Delaware - West Ferry | $997 |
| Bryant | $997 |
| Starin Central | $1,007 |
| Delaware Park | $1,007 |
| Buffalo State | $1,029 |
| Parkside | $1,030 |
| Hamlin Park | $1,030 |
| Tifft | $1,045 |
| University | $1,137 |
| Leroy | $1,137 |
| LaSalle | $1,137 |
| Downtown Buffalo | $1,193 |
| Schiller Park | $1,259 |
| Kensington | $1,259 |
| Kenfield | $1,259 |
| Grider | $1,259 |
| Genesee Moselle | $1,259 |
| Willert Park | $1,261 |
| Fruit Belt | $1,261 |
| First Ward | $1,261 |
| South Ellicott | $1,269 |
| Perry | $1,269 |
| Front Park | $1,425 |
| Grant Ferry | $1,626 |
| Forest | $1,626 |
| State Hospital | $2,601 |
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 Lakeview, where the average rent goes for $776/mo. If you’re looking for other great deals, check out the listings from Abbott McKinley ($786), Cazenovia Park ($786), and South Abbott ($786), where the asking prices are below the average Buffalo rent of $1,070/mo.
The most expensive neighborhoods in Buffalo are Forest ($1,626), Grant Ferry ($1,626) and State Hospital ($2,601).
The most popular neighborhood in Buffalo is Bryant, where there are 2 verified RENTCafé listings with an average rent of $997. Next up is Abbott McKinley, where apartments go for $786/month, followed by Fruit Belt with $1,261 If you’re looking to rent in Buffalo’s most popular neighborhoods, make sure to also check out North Park, where renters pay $967 on average, and Park Meadow, where the average monthly rent is $967.
Buffalo | Rent Comparison by Neighborhood
Rent in Abbott McKinley is 20% lower than in Albright
Abbott McKinley rent is 27% lower than Buffalo average
| Average Rent | $786 |
|---|
Albright rent is 8% lower than Buffalo average
| Average Rent | $989 |
|---|
How Buffalo Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Manhattan | $4,208 | 2% |
| Hudson Valley | $1,924 | 3% |
| Brooklyn | $2,951 | 5% |
| Amherst Town | $1,410 | 4% |
| Rochester | $1,059 | 3% |
| Tonawanda Town | $886 | -1% |
| Queens | $2,568 | 6% |
| Buffalo | $1,070 | 1% |
| Clarence Town | $1,399 | 6% |
| Cheektowaga Town | $929 | 1% |
| Kenmore | $768 | -2% |
For more information about the Buffalo rental trends, check out our monthly rent report
Check out New York Cities, New York Neighborhoods and New York Zip Codes for more details on verified listings, including the New York Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!