Niagara Falls, NY Rental Market Trends
What is the average rent in Niagara Falls?
The average rent for an apartment in Niagara Falls is $783, a 4% increase compared to the previous year, when the average rent was $750.
Average Rent in Niagara Falls, NY
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$783||4%||881 sq. ft.|
What is the average apartment size in Niagara Falls?
The average size for a Niagara Falls, NY apartment is 881 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.
Niagara Falls, NY Apartment Rent Ranges
- < $5002%
Niagara Falls, NY Occupied Housing Units
- Renter-occupied Households46%
- Owner-occupied Households53%
9,975 or 46% of the households in Niagara Falls, NY are renter-occupied while 11,597 or 53% are owner-occupied.
Niagara Falls, NY Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||May / 2021|
Average Rent in Niagara Falls, NY By Neighborhood
What are the most affordable neighborhoods in Niagara Falls?
The most affordable neighborhoods in Niagara Falls are Sanborn, where the average rent goes for $695/month, Lockport, where renters pay $716/mo on average, and Rapids, where the average rent goes for $716/mo. If you’re looking for other great deals, check out the listings from South Lockport ($716), Lewiston ($1,033), and North Tonawanda ($1,189), where the asking prices are below the average Niagara Falls rent of $783/mo.
What are the most expensive neighborhoods in Niagara Falls?
The most expensive neighborhoods in Niagara Falls are South Lockport ($716), Lewiston ($1,033) and North Tonawanda ($1,189).
What are the most popular neighborhoods in Niagara Falls?
The most popular neighborhood in Niagara Falls is North Tonawanda, where there are 3 verified RENTCafé listings with an average rent of $1,189. Next up is Sanborn, where apartments go for $695/month, followed by Lewiston with $1,033 If you’re looking to rent in Niagara Falls’s most popular neighborhoods, make sure to also check out Lockport, where renters pay $716 on average, and Rapids, where the average monthly rent is $716.
Niagara Falls | Rent Comparison by Neighborhood
Rent in Lewiston is 44% higher than in Lockport
Lewiston rent is 32% higher than Niagara Falls average
Lockport rent is 9% lower than Niagara Falls average
How Niagara Falls Compares to Other Cities
|Average Rent||Y-o-Y Change|