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Rental Market Trends in Buffalo, MN

Updated July 2026

The average rent in Buffalo, MN is $1,138/month.

Rent in Buffalo is 32% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,138/month

Average Rent

761 Sq Ft

Average Size

+4.7%

Change / Year

46

Available Apartments

Buffalo rent varies by unit size and layout:

  • Studio apartments in Buffalo average $1,064 per month.
  • One-bedroom apartments in Buffalo average $1,138 per month.
  • Two-bedroom apartments in Buffalo average $1,316 per month.
  • Three-bedroom apartments in Buffalo average $1,521 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,064/month
526 Sq Ft
One Bedroom
$1,138/month
761 Sq Ft
Two Bedroom
$1,316/month
957 Sq Ft
Three Bedroom
$1,521/month
1,166 Sq Ft
View Buffalo Apartments

How much has average rent changed in Buffalo, MN?

In the past year, rent has increased by 4.7%, which averages out to $54 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Buffalo, MN

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Buffalo, MN
Percentage*
Rent Range
0% Below $700/month
20% $700 - $1,000/month
60% $1,001 - $1,500/month
20% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Buffalo?

Based on current rent prices, Wright Far Western Suburbs is the most affordable neighborhood in Buffalo.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Wright Far Western Suburbs
$1,430/month
774 Sq Ft

What are the most expensive neighborhoods in Buffalo?

Based on current rent prices, Wright Far Western Suburbs is the most expensive neighborhood in Buffalo.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Wright Far Western Suburbs
$1,430/month
774 Sq Ft

Which Buffalo neighborhoods have the most rentals available?

The neighborhood in Buffalo with the most apartments available is Wright Far Western Suburbs .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Wright Far Western Suburbs
$1,430/month
774 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Buffalo, MN?

Because the average rent in Buffalo is $1,138, you’ll want to make about $3,793 per month or $45,516 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Buffalo, MN

46 Available Apartments for Rent

Search for Nearby Apartments

How does Buffalo, MN compare to other nearby cities and neighborhoods?

Use the tool below to compare Buffalo, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Buffalo Area Guide

Apartment Averages

Wright Far Western Suburbs

Buffalo, MN

Wright Far Western Suburbs

Buffalo, MN

Studio
$1,300/month
$1,300/month
One Bedroom
$1,319/month
$1,319/month
Two Bedroom
$1,571/month
$1,571/month
Three Bedroom
$1,943/month
$1,943/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Monticello

    Monticello

Apartment Communities in Buffalo We Think You'll Love

Maple Tree Villa Apartments

Maple Tree Villa Apartments

906 3rd Ave NE,
Buffalo, MN 55313

1-2 Beds | $1,180 - $1,300

Lone Oak Apartments

Lone Oak Apartments

102 14th St NE,
Buffalo, MN 55313

1-3 Beds | $1,070 - $1,370

Hidden Cove Apartments

Hidden Cove Apartments

1001 6th Ave NE,
Buffalo, MN 55313

2 Beds | $1,325

Evergreen Square Apartments

Evergreen Square Apartments

911 6th Ave NE,
Buffalo, MN 55313

1-3 Beds | $1,089 - $1,499

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Frequently Asked Questions

What is the average rent in Buffalo?

The average rent in Buffalo is $1,138 per month, which is 31.6% lower than the national average of $1,663.

Are rents going up or down in Buffalo?

Rents in Buffalo, MN are increasing, with prices up 4.7% year-over-year and $54 more per month.

What rent range is most common in Buffalo?

In Buffalo, MN, 60% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Minnesota Buffalo Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity