Niagara Falls, NY Rental Market Trends
The average rent for an apartment in Niagara Falls is $754, a 4% increase compared to the previous year, when the average rent was $726.
Average Rent in Niagara Falls, NY
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$754||4%||902 sq. ft.|
The average size for a Niagara Falls, NY apartment is 902 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
- < $5007%
Niagara Falls, NY Occupied Housing Units
- Renter-occupied Households44%
- Owner-occupied Households55%
9,635 or 44% of the households in Niagara Falls, NY are renter-occupied while 11,839 or 55% are owner-occupied.
Niagara Falls, NY Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Apr / 2020|
Average Rent in Niagara Falls, NY By Neighborhood
The most affordable neighborhoods in Niagara Falls are Lockport, where the average rent goes for $663/month, Rapids, where renters pay $663/mo on average, and South Lockport, where the average rent goes for $663/mo. If you’re looking for other great deals, check out the listings from Sanborn ($735), Lewiston ($954), and North Tonawanda ($1,131), where the asking prices are below the average Niagara Falls rent of $754/mo.
The most expensive neighborhoods in Niagara Falls are Sanborn ($735), Lewiston ($954) and North Tonawanda ($1,131).
The most popular neighborhood in Niagara Falls is North Tonawanda, where there are 3 verified RENTCafé listings with an average rent of $1,131. Next up is Sanborn, where apartments go for $735/month, followed by South Lockport with $663 If you’re looking to rent in Niagara Falls’s most popular neighborhoods, make sure to also check out Lewiston, where renters pay $954 on average, and Lockport, where the average monthly rent is $663.
Niagara Falls | Rent Comparison by Neighborhood
Rent in Lewiston is 44% higher than in Lockport
Lewiston rent is 27% higher than Niagara Falls average
Lockport rent is 12% lower than Niagara Falls average
How Niagara Falls Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Niagara Falls rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!