Buffalo, MN Rental Market Trends
Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Buffalo is $1,369, a 11.85% increase compared to the previous year, when the average rent was $1,224.
Studio Apartments at $1,019 offer the most budget-friendly option with 544 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 731 square feet for $1,135, balancing privacy and affordability.
Two-beedroom units at $1,484 offer 977 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,282 sq ft) for $1,509, suitable for larger households.
Average rent in Buffalo, MN
Last updated: February 18, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,369 | 930 sq. ft. |
| Studio | $1,019 | 544 sq. ft. |
| 1 Bed | $1,135 | 731 sq. ft. |
| 2 Beds | $1,484 | 977 sq. ft. |
| 3 Beds | $1,509 | 1,282 sq. ft. |
Buffalo, MN rent trends
Rental prices in Buffalo, MN have increased by 11.85% over the past year. The average rent moved from $1,224 to $1,369.
What's the typical rent budget in Buffalo, MN?
The largest share of rentals in Buffalo, MN (57%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Buffalo, MN?
1,463 or 23% of the households in Buffalo, MN are renter-occupied while 4,825 or 77% are owner-occupied.
How Buffalo Compares to Other Cities
| City | Average Rent |
|---|---|
| Buffalo | $1,369 |
| Minneapolis | $1,687 |
| St. Paul | $1,515 |
| Moorhead | $1,081 |
| Rochester | $1,642 |
| St. Louis Park | $1,776 |
| Bloomington | $1,676 |
| Edina | $1,849 |
| St. Cloud | $1,163 |
| Minnetonka | $1,953 |
| Burnsville | $1,576 |
| Plymouth, MN | $1,700 |
| Maple Grove, MN | $2,173 |
| Anoka | $1,374 |
| Monticello, MN | $1,712 |
| Albertville, MN | $1,822 |
| Elk River, MN | $1,566 |
| Champlin, MN | $1,933 |
| Rogers, MN | $1,839 |
| Ramsey, MN | $1,873 |
| Spring Park, MN | $1,761 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Buffalo apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.