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Rental market trends in Buffalo, NY

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Average Rent in Buffalo, NY

Average Rent in Buffalo, NY

Avg. RentAnnual Change
Studio - $995-6%
1 Bed - $1,475+1%
2 Beds - $1,695+3%
Last updated 7/22/2024

Average Apartment Cost in Buffalo, NY

The average rent for apartments in Buffalo, NY, is between $995 and $1,695 in 2024. For a studio apartment in Buffalo, NY, the average rent is $995. When it comes to 1-bedroom apartments, the average rent in Buffalo, NY, is $1,475. For a 2-bedroom apartment, the average rent is $1,695.

Apartment Rent Ranges in Buffalo, NY

Apartment PricesProportion
0%
15%
42%
21%
21%

Neighborhood Apartment Rent Trends in Buffalo, NY

NeighborhoodStudio Avg RentAnnual Change
Downtown Buffalo$1,286+17%
Allentown$1,250+4%
Lower West Side$995--
West Buffalo$995-6%
Albright$950--
Elmwood Village$750+7%
Elmwood Bryant$750+7%
Neighborhood1 Bed Avg RentAnnual Change
Downtown Buffalo$1,980+47%
Grant Ferry$1,931+3%
East Side Buffalo$1,860+16%
Perry$1,860+16%
West Buffalo$1,523+4%
Upper West Side$1,523--
Elmwood Village$1,475-8%
Allentown$1,475-8%
Theater District$1,350--
Fillmore-Leroy$1,285+3%
Elmwood Bryant$1,250-34%
Linwood Historic District$1,250-42%
Lower West Side$1,150-41%
North Buffalo$1,100--
South Buffalo$1,100--
North Park$1,100--
Seneca-Cazenovia$1,100--
Cazenovia Park$1,100--
Albright$1,000--
Prospect Porter$975--
East Delevan$975--
Parkside$925--
Riverside$700--
Neighborhood2 Beds Avg RentAnnual Change
Linwood Historic District$2,620+7%
Allentown$2,595-10%
East Side Buffalo$2,122-5%
Perry$2,095-7%
Hydraulics Historic District$1,950--
West Buffalo$1,885-2%
Upper West Side$1,885--
Elmwood Village$1,799-18%
Elmwood Bryant$1,799-27%
Fillmore-Leroy$1,787+4%
Grant Ferry$1,733-29%
Lower West Side$1,695-6%
North Buffalo$1,600--
Prospect Porter$1,600--
Parkside$1,600--
Elmwood Bidwell$1,500--
Albright$1,500+8%
Delaware Park$1,500--
Kensington-Bailey$1,250--
East Buffalo$1,200--
East Delevan$1,200--
Lovejoy$1,200--
Kaisertown$1,100+16%
Black Rock$1,050--
South Buffalo$1,000--
Broadway-Fillmore$1,000--
University Heights$1,000--
Seneca-Cazenovia$1,000--
LaSalle$1,000--
Riverside$975--
South Park$900--
First Ward$900--

How Other Cities Compare to Buffalo, NY

CityStudio Avg RentAnnual Change
Amherst$2,399+23%
Cheektowaga$2,159--
Orchard Park$1,395--
Getzville$1,175+3%
Depew$925+11%
Hamburg$7620%
Dunkirk$6200%
Williamsville$25-89%
City1 Bed Avg RentAnnual Change
Williamsville$1,858+14%
Clarence$1,675+5%
Depew$1,650+5%
Getzville$1,5990%
East Amherst$1,5590%
Amherst$1,488--
Tonawanda$1,471-3%
Lancaster$1,464-6%
Grand Island$1,450+12%
Cheektowaga$1,444+7%
Orchard Park$1,282+3%
Hamburg$1,215+19%
Fredonia$1,0900%
West Seneca$1,050+10%
Lockport$950+12%
Lewiston$905+20%
Niagara Falls$800-3%
Dunkirk$6800%
North Tonawanda$650--
City2 Beds Avg RentAnnual Change
Williamsville$2,505+10%
Clarence$2,195+10%
Grand Island$2,050+11%
Tonawanda$1,937+14%
Getzville$1,899+3%
East Amherst$1,696-7%
Lancaster$1,600-8%
Fredonia$1,600-3%
Amherst$1,593-18%
Depew$1,525+9%
West Seneca$1,380+17%
Orchard Park$1,352+3%
Hamburg$1,312+4%
Lockport$1,300+37%
East Aurora$1,280+16%
Lewiston$1,142+17%
Cheektowaga$1,100-15%
Niagara Falls$1,100+38%
North Tonawanda$950--
Holley$900--
Dunkirk$7850%

Buffalo, NY Rent Trends

Studio1 Bed2 Beds
Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024Jun 2024Jul 2024
$1055$950$950$950$800$800$800$800$800$950$985$772$995
$1460$1400$1387$1272$1200$1200$1210$1320$1357$1352$1367$1523$1475
$1643$1673$1653$1643$1579$1710$1733$1706$1633$1675$1675$1725$1690
$1400$1450$1650$1500$1350$1350$1350$1500$1500$1500$1400$1600$1500

Neighborhood Information for Buffalo, NY

What are the most affordable neighborhoods in Buffalo, NY?

The most affordable neighborhoods in Buffalo are Riverside, where the average 1-bedroom apartment rent goes for $700, Parkside, where renters pay $925 on average for a 1-bedroom apartment, and Prospect Porter, where the average 1-bedroom apartment rent goes for $975. If you're looking for other great deals, check out the listings in East Delevan ($975 for a 1-bedroom apartment) or Albright ($1,000 for a 1-bedroom apartment), compared to the $1,475 average for an Buffalo 1-bedroom apartment.

What are the most expensive neighborhoods in Buffalo, NY?

The most expensive neighborhoods in Buffalo are Downtown Buffalo, where the average rent for a 1-bedroom apartment is just $1,980. offering similar apartments at an average of Grant Ferry, $1,931, and East Side Buffalo, $1,860. For additional value-for-money options, consider Perry ($1,860 for a 1-bedroom apartment) or West Buffalo ($1,523 for a 1-bedroom apartment). These prices represent a significant saving when compared to the Buffalo average for a 1-bedroom apartment, which stands at $1,475.

What are the most popular neighborhoods in Buffalo, NY?

The most popular neighborhoods in Buffalo are Fillmore-Leroy, where the average 1-bedroom apartment rent goes for $1,285, East Delevan, where renters pay $975 on average for a 1-bedroom apartment, and North Buffalo, where the average 1-bedroom apartment rent goes for $1,100. If you're looking for other popular neighborhoods, check out the listings in North Park ($1,100 for a 1-bedroom apartment) or Parkside ($925 for a 1-bedroom apartment), compared to the $1,475 average for an Buffalo 1-bedroom apartment.

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