Downtown Buffalo, Buffalo, NY Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Buffalo is $1,393, a 7.46% decrease compared to the previous year, when the average rent was $1,505.
Studio Apartments at $1,321 offer the most budget-friendly option with 466 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 795 square feet for $1,300, balancing privacy and affordability.
Two-beedroom units at $1,521 offer 1,050 square feet, perfect for roommates or small families.
Average rent in Downtown Buffalo, Buffalo, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,393 | 917 sq. ft. |
| Studio | $1,321 | 466 sq. ft. |
| 1 Bed | $1,300 | 795 sq. ft. |
| 2 Beds | $1,521 | 1,050 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Buffalo, Buffalo, NY rent trends
Rental prices in Downtown Buffalo, Buffalo, NY have decreased by 7.46% over the past year. The average rent moved from $1,505 to $1,393.
What's the typical rent budget in Downtown Buffalo, Buffalo, NY?
The largest share of rentals in Downtown Buffalo, Buffalo, NY (68%) 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 Downtown Buffalo, Buffalo, NY?
553 or 82% of the households in Downtown Buffalo, Buffalo, NY are renter-occupied while 120 or 18% are owner-occupied.
Most affordable neighborhoods in Downtown Buffalo?
Parkside $986/month
Allentown $1,063/month
Kensington $1,074/month
All of these neighborhoods fall below the city wide average of $1,401/month.Most expensive neighborhoods in Downtown Buffalo?
Downtown Buffalo $1,393/month
LaSalle $1,502/month
Starin Central $1,852/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 | $1,852 |
| LaSalle | $1,502 |
| Downtown Buffalo | $1,393 |
| Park Meadow | $1,354 |
| South Ellicott | $1,339 |
| Delaware - West Ferry | $1,320 |
| North Park | $1,292 |
| Willert Park | $1,263 |
| Bryant | $1,120 |
| Kensington | $1,074 |
| Allentown | $1,063 |
| Parkside | $986 |
Buffalo | Rent Comparison by Neighborhood
Rent in Downtown Buffalo is 31% higher than in Allentown
Downtown Buffalo rent is the same as Buffalo average
Allentown rent is 24% lower than Buffalo average
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 Downtown 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.