Trico Building Apartments
628 Ellicott St,
Buffalo, NY 14203
$1,528 - $2,981
Studio - 2 Beds
Rental Market Trends in Buffalo, NY
What is the average rent in Buffalo, NY?
$1,241/month
Average Rent
675 Sq Ft
Average Apartment Size
+1.9%
Increase in the Last Year
As of March 2026, the average rent in Buffalo, NY is $1,241 per month. This is 24% lower than the national average rent of $1,627/month, making renting in Buffalo more affordable than most cities in the US. When you rent an apartment in Buffalo, you can expect to pay about $1,093 per month for a studio, $1,241 for a one-bedroom apartment, and around $1,449 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,691 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Buffalo, NY?
In the past year, rent has increased by 1.9%, which averages out to $24 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Buffalo, NY
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
17%
$700 - $1,000/month
47%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Buffalo?
Based on current rent prices, The Willows North, Paris Heights and Mayberry Estates are the most affordable neighborhoods in Buffalo.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Buffalo?
Based on current rent prices, Fruit Belt, Joseph Ellicott Historic District and Columbus are the most expensive neighborhoods in Buffalo.
Neighborhood
Average Rent
Average Sq Ft
Which Buffalo neighborhoods have the most rentals available?
The neighborhoods in Buffalo with the most apartments available are East Amherst/Williamsville, Medical Park and Fruit Belt .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Buffalo, NY?
Because the average rent in Buffalo is $1,241, you’ll want to make about $4,136 per month or $49,632 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.
Cost of Living
The cost of living in Buffalo, NY is 2.5% lower than the national average. Generally, housing in Buffalo is 0.5% less expensive than the national average, with rent falling between $1,093 - $1,691. You can expect to pay 2.7% less for groceries, 8.3% less for utilities, and 3.4% more for transportation.
How does Buffalo, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Buffalo, NY 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.
Studio
-
$1,583/month
One Bedroom
-
$1,664/month
Two Bedroom
-
$2,259/month
Three Bedroom
-
$3,282/month
Nearby City Rent Trends
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Property Management Companies in Buffalo, NY
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14
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Symphony Property Management
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10
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1,430
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6
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MJ Peterson Real Estate
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11
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1,489
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5
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The United Group of Companies, Inc.
-
16
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1,834
Units
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11
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2 Communities in Buffalo
Greystar
-
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958,447
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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 February 2026.
* Percentages may not total 100 due to rounding.