Buffalo, NY Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Buffalo is $1,451, a 4.66% increase compared to the previous year, when the average rent was $1,386.
Studio Apartments at $1,048 offer the most budget-friendly option with 447 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 669 square feet for $1,301, balancing privacy and affordability.
Two-bedroom units at $1,542 offer 879 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,217 sq ft) for $1,602, suitable for larger households.
Average rent in Buffalo, NY
Last updated: August 31, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,451 | 796 sq. ft. |
| Studio | $1,048 | 447 sq. ft. |
| 1 Bed | $1,301 | 669 sq. ft. |
| 2 Beds | $1,542 | 879 sq. ft. |
| 3 Beds | $1,602 | 1,217 sq. ft. |
Buffalo, NY rent trends
What's the typical rent budget in Buffalo, NY?
The largest share of rentals in Buffalo, NY (48%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Buffalo, NY?
68,134 or 57% of the households in Buffalo, NY are renter-occupied while 51,496 or 43% are owner-occupied.
Most affordable neighborhoods in Buffalo?
Kensington $1,041/month
Parkside $1,092/month
Bryant $1,150/month
All of these neighborhoods fall below the city wide average of $1,451/month.Most expensive neighborhoods in Buffalo?
LaSalle $1,577/month
Downtown Buffalo $1,632/month
Starin Central $1,743/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Buffalo, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Starin Central | $1,743 |
| Downtown Buffalo | $1,632 |
| LaSalle | $1,577 |
| South Ellicott | $1,532 |
| Park Meadow | $1,505 |
| Delaware - West Ferry | $1,391 |
| North Park | $1,370 |
| Allentown | $1,311 |
| Willert Park | $1,205 |
| Bryant | $1,150 |
| Parkside | $1,092 |
| Kensington | $1,041 |
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Buffalo | Rent Comparison by Neighborhood
Rent in Allentown is 14% higher than in Bryant
$1,311
Allentown rent is 10% lower than Buffalo average
Average Rent
$1,311
$1,150
Bryant rent is 21% lower than Buffalo average
Average Rent
$1,150
How Buffalo Compares to Other Cities
| City | Average Rent |
|---|---|
| Buffalo | $1,451 |
| New York City | $5,204 |
| Manhattan | $5,778 |
| Brooklyn | $4,141 |
| Hudson Valley | $2,656 |
| Queens | $3,858 |
| Albany | $1,751 |
| Ithaca | $2,306 |
| Rochester | $1,538 |
| Syracuse | $1,694 |
| Troy | $1,615 |
| Niagara Falls | $1,045 |
| North Tonawanda | $1,862 |
| Lockport, NY | $1,028 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Buffalo apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.