Niagara Falls, NY Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Niagara Falls is $1,045, a 6.64% increase compared to the previous year, when the average rent was $980.
Studio Apartments at $704 offer the most budget-friendly option with 427 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 647 square feet for $752, balancing privacy and affordability.
Two-beedroom units at $1,051 offer 892 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,200 sq ft) for $1,431, suitable for larger households.
Average rent in Niagara Falls, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,045 | 880 sq. ft. |
| Studio | $704 | 427 sq. ft. |
| 1 Bed | $752 | 647 sq. ft. |
| 2 Beds | $1,051 | 892 sq. ft. |
| 3 Beds | $1,431 | 1,200 sq. ft. |
Niagara Falls, NY rent trends
Rental prices in Niagara Falls, NY have increased by 6.64% over the past year. The average rent moved from $980 to $1,045.
What's the typical rent budget in Niagara Falls, NY?
The largest share of rentals in Niagara Falls, NY (52%) 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 Niagara Falls, NY?
9,626 or 43% of the households in Niagara Falls, NY are renter-occupied while 13,001 or 57% are owner-occupied.
Average Rent in Niagara Falls, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| North Tonawanda | $1,784 |
| Lockport | $1,027 |
Niagara Falls | Rent Comparison by Neighborhood
Rent in Lockport is 42% lower than in North Tonawanda
Lockport rent is 2% lower than Niagara Falls average
North Tonawanda rent is 71% higher than Niagara Falls average
How Niagara Falls Compares to Other Cities
| City | Average Rent |
|---|---|
| Niagara Falls | $1,045 |
| New York City | $5,284 |
| Manhattan | $5,632 |
| Brooklyn | $4,205 |
| Hudson Valley | $2,595 |
| Queens | $4,171 |
| Buffalo | $1,410 |
| Albany | $1,728 |
| Ithaca | $2,300 |
| Rochester | $1,512 |
| Troy | $1,588 |
| North Tonawanda | $1,784 |
| Lockport, NY | $1,027 |
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 Niagara Falls 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.