The Lawrence
983 Michigan Ave,
Buffalo, NY 14203
Studio - 2 Beds | $1,649 - $3,102
Rental Market Trends in Buffalo, NY
Updated September 2026
The average rent in Buffalo, NY is $1,244/month.
Rent in Buffalo is 25% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$1,244/month
Average Rent
675 Sq Ft
Average Size
+1.2%
Change / Year
1,170
Available Apartments
Buffalo rent varies by unit size and layout:
- Studio apartments in Buffalo average $1,121 per month.
- One-bedroom apartments in Buffalo average $1,244 per month.
- Two-bedroom apartments in Buffalo average $1,478 per month.
- Three-bedroom apartments in Buffalo average $1,689 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Buffalo, NY?
In the past year, rent has increased by 1.2%, which averages out to $15 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Buffalo, NY
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
17%
$700 - $1,000/month
46%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Buffalo?
Based on current rent prices, Albright, Forest and Black Rock 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, Riverside Park, Military and Fruit Belt 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 $1,244, you’ll want to make about $4,146 per month or $49,752 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 2.2% lower than the national average. Generally, housing in Buffalo is 0.2% less expensive than the national average, with rent falling between $1,121 - $1,689. You can expect to pay 2.9% less for groceries, 6.0% less for utilities, and 4.7% 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.
View the Buffalo Area GuideStudio
-
-
One Bedroom
$1,012/month
$1,340/month
Two Bedroom
$1,744/month
$1,662/month
Three Bedroom
$2,248/month
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Kenmore
Avg Rent: $1,109/month
-
Cheektowaga
Avg Rent: $938/month
-
Lackawanna
Avg Rent: $896/month
-
West Seneca
Avg Rent: $1,174/month
-
Tonawanda
Avg Rent: $1,136/month
Apartment Communities in Buffalo We Think You'll Love
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Frequently Asked Questions
What is the average rent in Buffalo?
The average rent in Buffalo is $1,244 per month, which is 25.2% lower than the national average of $1,664.
What is the average rent for a house in Buffalo?
The average rent for a house in Buffalo, NY is $2,098 per month.
What is the average rent for a townhome in Buffalo?
The average rent for a townhome in Buffalo, NY is $2,095 per month.
What is the average rent for a condo in Buffalo?
The average rent for a condo in Buffalo, NY is $1,798 per month.
Are rents going up or down in Buffalo?
Rents in Buffalo, NY are increasing, with prices up 1.2% year-over-year and $15 more per month.
What rent range is most common in Buffalo?
In Buffalo, NY, 46% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 September 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.