Heron Pointe Apartments
1993 Grand Island Blvd,
Grand Island, NY 14072
$1,373 - $2,626
1-3 Beds
Rental Market Trends in Niagara Falls, NY
What is the average rent in Niagara Falls, NY?
$802/month
Average Rent
630 Sq Ft
Average Apartment Size
+2.2%
Increase in the Last Year
As of January 2026, the average rent in Niagara Falls, NY is $802 per month. This is 51% lower than the national average rent of $1,624/month, making renting in Niagara Falls more affordable than most cities in the US. When you rent an apartment in Niagara Falls, you can expect to pay about $683 per month for a studio, $802 for a one-bedroom apartment, and around $974 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,239 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 Niagara Falls, NY?
In the past year, rent has increased by 2.2%, which averages out to $18 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 January 2026
Legend
2025
2026
Rent Ranges in Niagara Falls, NY
Last Updated January 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
21%
Below $700/month
59%
$700 - $1,000/month
21%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Niagara Falls?
Based on current rent prices, Greater Niagara Falls is the most affordable neighborhood in Niagara Falls.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Niagara Falls?
Based on current rent prices, Greater Niagara Falls is the most expensive neighborhood in Niagara Falls.
Neighborhood
Average Rent
Average Sq Ft
Which Niagara Falls neighborhoods have the most rentals available?
The neighborhood in Niagara Falls with the most apartments available is Greater Niagara Falls .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Niagara Falls, NY?
Because the average rent in Niagara Falls is $802, you’ll want to make about $2,673 per month or $32,076 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.
How does Niagara Falls, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Niagara Falls, 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
$631/month
$631/month
One Bedroom
$808/month
$808/month
Two Bedroom
$961/month
$961/month
Three Bedroom
$1,173/month
$1,173/month
Nearby City Rent Trends
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AJH Management
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NBM Management
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Riedman
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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 November 2025.
* Percentages may not total 100 due to rounding.