Average Rent in Buffalo, NY

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Current Versus Historical Buffalo, NY Rents

Buffalo rentals average $1,150 for a studio rental to $2,490 for a 4-bedroom rental. The median price of all currently available listings is $1,650, or roughly $1 per square feet.

For the apartment units and housing in December 2024, median rents have risen over the last year. Studio rentals prices have increased by $310 (36.90%) year-over-year from $840 to $1,150. 1-bedroom rentals prices have increased by $77 (7.31%) year-over-year from $1,048 to $1,125. 2-bedroom rentals prices have increased by $242 (20.00%) year-over-year from $1,208 to $1,450. 3-bedroom rentals prices have increased by $205 (15.83%) year-over-year from $1,295 to $1,500. 4-bedroom rentals prices have increased by $333 (17.86%) year-over-year from $1,867 to $2,200. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 9.52% this month. 1-bedroom rents have gone up by 8.19% this month. 2-bedroom rents have gone up by 17.57% this month. 3-bedroom rents have gone up by 11.80% this month. 4-bedroom rents have gone up by 24.59% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.26	$1,150	$840 (36.90%)	$908 (26.61%)
1 BR	$1.56	$1,125	$1,048 (7.31%)	$933 (20.54%)
2 BR	$1.25	$1,450	$1,208 (20.00%)	$1,081 (34.09%)
3 BR	$0.94	$1,500	$1,295 (15.83%)	$1,183 (26.76%)
4+ BR	$1.21	$2,200	$1,867 (17.86%)	$1,267 (73.68%)

Historical Rents in Buffalo, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Buffalo

Let's compare Buffalo, NY's rent against other top cities nearby by bedroom size.

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Buffalo

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Buffalo

The average rent for rentals in these counties is $1,650. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Buffalo, NY. It's average rent per month is $1,650. Vice versa, with an average rent of $1,650, Buffalo, NY is the most expensive county by Buffalo, NY.

Typically, rent for studios in Buffalo, NY is on par with the other counties nearby. In comparison, rent for one bedroom listings in Buffalo, NY is on par with the other counties nearby. Finally, rent for two bedrooms in Buffalo, NY is on par with the other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Buffalo, NY	$1,150	$1,250	$1,800	$1,650

Top Zipcodes Near Buffalo

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Buffalo Average Rents

What is the average rent price in Buffalo, NY?

The average monthly rental price for Buffalo, NY apartments for rent is approximately $1,650. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Buffalo, NY rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Buffalo, NY.

How much is a studio apartment in Buffalo, NY?

The average monthly rental price for studio apartments is $1,150 and an average price per square feet of $2.26. There are a total of 4 studio apartment listings currently available for rent in Buffalo.

How much is a one bedroom apartment in Buffalo, NY?

The average monthly rental price for one bedroom apartments is $1,250 and an average price per square feet of $1.56. There are a total of 21 one bedroom apartment listings currently available for rent in Buffalo.

How much is a two bedroom apartment in Buffalo, NY?

The average monthly rental price for two bedroom apartments is $1,800 and an average price per square feet of $1.25. There are a total of 33 two bedroom apartment listings currently available for rent in Buffalo.

How have rent prices in Buffalo, NY changed this year?

Rent prices for rentals in Buffalo, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.37%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.20%, and three bedroom rental prices have changed by 0.16% year-over-year.

What is a reasonable rent price in Buffalo, NY?

A reasonable rent price in Buffalo, NY is around $1,320/month. You can search for these reasonably priced rental listings on RentHop.