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Rental Market Trends in Grand Island, NY

What is the average rent in Grand Island, NY?

$1,225/month

Average Rent

740 Sq Ft

Average Apartment Size

+1.9%

Increase in the Last Year

Grand Island, NY Rental Market Overview

The average rent in Grand Island, NY is $1,225 per month. This is 25% lower than the national average rent of $1,644/month, making renting in Grand Island more affordable than most cities in the US.

  • Studio apartments in Grand Island average $939 per month.
  • One-bedroom apartments in Grand Island average $1,225 per month.
  • Two-bedroom apartments in Grand Island average $1,566 per month.
  • Three-bedroom apartments in Grand Island average $2,436 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$939/month
268 Sq Ft
One Bedroom
$1,225/month
740 Sq Ft
Two Bedroom
$1,566/month
1,020 Sq Ft
Three Bedroom
$2,436/month
1,352 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 Grand Island, NY?

In the past year, rent has increased by 1.9%, which averages out to $23 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Grand Island, NY
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Grand Island, NY
Percentage*
Rent Range
0% Below $700/month
25% $700 - $1,000/month
58% $1,001 - $1,500/month
0% $1,501 - $2,000/month
17% Above $2,000/month

What salary do I need to live comfortably in Grand Island, NY?

Because the average rent in Grand Island is $1,225, you’ll want to make about $4,083 per month or $48,996 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

Grand Island, NY

111 Available Apartments for Rent

Search for Nearby Apartments

How does Grand Island, NY compare to other nearby cities and neighborhoods?

Use the tool below to compare Grand Island, 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.

Explore the Area Guide for Grand Island, NY

Apartment Averages

Nearby City Rent Trends

  • Tonawanda Average Rent
  • North Tonawanda Average Rent

Apartment communities in Grand Island we think you'll love

Country Glenn Apartments

Country Glenn Apartments

2155 Bedell Rd,
Grand Island, NY 14072

$925 - $1,750

Studio - 2 Beds

Heron Pointe  Apartments

Heron Pointe Apartments

1993 Grand Island Blvd,
Grand Island, NY 14072

$1,500 - $2,711

1-3 Beds

600 River Road Apartments

600 River Road Apartments

600 River Rd,
North Tonawanda, NY 14120

$1,945 - $4,995

1-2 Beds

Ransom Court

Ransom Court

1335 Ransom Rd,
Grand Island, NY 14072

$995 - $1,295

1-2 Beds

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United States New York Grand Island 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