Buffalo, NY Rental Market Trends
What is the average rent in Buffalo?
The average rent for an apartment in Buffalo is $1,111, a 4% increase compared to the previous year.
Average Rent in Buffalo, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,111 | 4% | 787 sq. ft. |
What is the average apartment size in Buffalo?
The average size for a Buffalo, NY apartment is 787 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-$7008%
- $701-$1,00047%
- $1,001-$1,50030%
- $1,501-$2,0008%
- > $2,0007%
Buffalo, NY Occupied Housing Units
- Renter-occupied Households49%
- Owner-occupied Households50%
54,515 or 49% of the households in Buffalo, NY are renter-occupied while 55,912 or 50% are owner-occupied.
Buffalo, NY Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Apr / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buffalo, NY | $1,049 | $1,051 | $1,047 | $1,060 | $1,067 | $1,064 | $1,069 | $1,076 | $1,101 | $1,107 | $1,111 |
| National | $1,313 | $1,344 | $1,353 | $1,358 | $1,390 | $1,397 | $1,399 | $1,390 | $1,393 | $1,407 | $1,417 |
Average Rent in Buffalo, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| State Hospital | $2,203 |
| Forest | $1,512 |
| Grant Ferry | $1,512 |
| Downtown Buffalo | $1,324 |
| First Ward | $1,311 |
| Fruit Belt | $1,311 |
| Willert Park | $1,311 |
| Front Park | $1,276 |
| Perry | $1,272 |
| South Ellicott | $1,272 |
| Genesee Moselle | $1,247 |
| Grider | $1,247 |
| Kenfield | $1,247 |
| Kensington | $1,247 |
| Schiller Park | $1,247 |
| LaSalle | $1,199 |
| Leroy | $1,199 |
| University | $1,199 |
| Hamlin Park | $1,159 |
| Parkside | $1,159 |
| Tifft | $1,156 |
| Waterfront | $1,113 |
| Buffalo State | $1,090 |
| Delaware Park | $1,085 |
| Starin Central | $1,085 |
| Bryant | $1,051 |
| Delaware - West Ferry | $1,051 |
| Cold Spring | $1,033 |
| Masten Park | $1,033 |
| Albright | $1,021 |
| South Park | $950 |
| Military | $947 |
| North Delaware | $947 |
| North Park | $947 |
| Park Meadow | $947 |
| Abbott McKinley | $891 |
| Cazenovia Park | $891 |
| South Abbott | $891 |
| Triangle | $891 |
| Allentown | $803 |
| Columbus | $803 |
| Lakeview | $765 |
| Black Rock | $667 |
| Riverside Park | $667 |
What are the most affordable neighborhoods in Buffalo?
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 $765/mo. If you’re looking for other great deals, check out the listings from Allentown ($803), Columbus ($803), and Abbott McKinley ($891), where the asking prices are below the average Buffalo rent of $1,111/mo.
What are the most expensive neighborhoods in Buffalo?
The most expensive neighborhoods in Buffalo are Forest ($1,512), Grant Ferry ($1,512) and State Hospital ($2,203).
What are the most popular neighborhoods in Buffalo?
The most popular neighborhood in Buffalo is Bryant, where there are 3 verified RENTCafé listings with an average rent of $1,051. Next up is North Park, where apartments go for $947/month, followed by Abbott McKinley with $891 If you’re looking to rent in Buffalo’s most popular neighborhoods, make sure to also check out Park Meadow, where renters pay $947 on average, and Cold Spring, where the average monthly rent is $1,033.
Buffalo | Rent Comparison by Neighborhood
Rent in Abbott McKinley is 13% lower than in Albright
Abbott McKinley rent is 20% lower than Buffalo average
| Average Rent | $891 |
|---|
Albright rent is 8% lower than Buffalo average
| Average Rent | $1,021 |
|---|
How Buffalo Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Manhattan | $3,653 | -13% |
| Hudson Valley | $1,992 | 4% |
| Brooklyn | $2,680 | -9% |
| Bronx | $1,620 | n/a |
| Rochester | $1,107 | 4% |
| Buffalo | $1,111 | 4% |
| Brighton | $1,192 | 2% |
| Henrietta | $1,275 | 1% |
| Greece | $976 | 5% |
| Irondequoit | $927 | 5% |
| Webster | $1,313 | 10% |