Buffalo, NY Rental Market Trends
What is the average rent in Buffalo?
The average rent for an apartment in Buffalo is $1,285. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Buffalo, NY
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,285 | 789 sq. ft. |
What is the average apartment size in Buffalo?
The average size for a Buffalo, NY apartment is 789 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.
Buffalo, NY apartment rent ranges
Buffalo, NY Occupied Housing Units
68,204 or 57% of the households in Buffalo, NY are renter-occupied while 50,693 or 43% are owner-occupied.
Buffalo, NY rent trends
Average Rent in Buffalo, NY By Neighborhood
| City | Average Rent |
|---|---|
| Forest | $1,692 |
| Willert Park | $1,427 |
| LaSalle | $1,409 |
| University | $1,409 |
| Downtown Buffalo | $1,407 |
| Cold Spring | $1,200 |
| Delaware - West Ferry | $1,192 |
| Columbus | $821 |
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What are the most affordable neighborhoods in Buffalo?
The most affordable neighborhoods in Buffalo are Columbus, where the average rent goes for $821/month, Delaware - West Ferry, where renters pay $1,192/mo on average, and Cold Spring, where the average rent goes for $1,200/mo.
What are the most expensive neighborhoods in Buffalo?
The most expensive neighborhoods in Buffalo are University ($1,409), Willert Park ($1,427) and Forest ($1,692).
What are the most popular neighborhoods in Buffalo?
The most popular neighborhood in Buffalo is LaSalle, where there are 1 listings with an average rent of $1,409. Next up is Cold Spring, where apartments go for $1,200/month, followed by Columbus with $821 If you’re looking to rent in Buffalo’s most popular neighborhoods, make sure to also check out Delaware - West Ferry, where renters pay $1,192 on average, and Downtown Buffalo, where the average monthly rent is $1,407.
Buffalo | Rent Comparison by Neighborhood
Rent in Cold Spring is 46% higher than in Columbus
$1,200
Cold Spring rent is 7% lower than Buffalo average
Average Rent
$1,200
$821
Columbus rent is 36% lower than Buffalo average
Average Rent
$821
How Buffalo Compares to Other Cities
| State | Average Rent |
|---|---|
| New York City | $4,416 |
| Manhattan | $4,768 |
| Brooklyn | $3,558 |
| Queens | $2,925 |
| Bronx | $1,811 |
| Hudson Valley | $2,272 |
| Melville | $3,867 |
| Ithaca | $2,018 |
| Albany | $1,615 |
| Farmingdale | $2,886 |
| North Tonawanda | $1,425 |
| Buffalo | $1,285 |
What is the average price for a storage unit in Buffalo?
The average rent for a non-climate-controlled 10'x10' storage unit in Buffalo is $126.33. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Buffalo
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New York RentCafe Property 1
8254 Buckingham Rd., Buffalo, NY 07301| 1 BED | $1,000+ |
| 2 BEDS | $200 |
| 3+ BEDS | $300 |