Downtown Buffalo, Buffalo, NY Rental Market Trends
Last updated: April 11, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Buffalo is $1,680, a 22.9% increase compared to the previous year, when the average rent was $1,367.
Studio Apartments at $1,321 offer the most budget-friendly option with 466 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 852 square feet for $1,439, balancing privacy and affordability.
Two-beedroom units at $1,809 offer 1,172 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,729 sq ft) for $2,643, suitable for larger households.
Average rent in Downtown Buffalo, Buffalo, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,680 | 1,045 sq. ft. |
| Studio | $1,321 | 466 sq. ft. |
| 1 Bed | $1,439 | 852 sq. ft. |
| 2 Beds | $1,809 | 1,172 sq. ft. |
| 3 Beds | $2,643 | 1,729 sq. ft. |
Downtown Buffalo, Buffalo, NY rent trends
Rental prices in Downtown Buffalo, Buffalo, NY have increased by 22.9% over the past year. The average rent moved from $1,367 to $1,680.
What's the typical rent budget in Downtown Buffalo, Buffalo, NY?
The largest share of rentals in Downtown Buffalo, Buffalo, NY (54%) 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 Downtown Buffalo, Buffalo, NY?
553 or 82% of the households in Downtown Buffalo, Buffalo, NY are renter-occupied while 120 or 18% are owner-occupied.
Most affordable neighborhoods in Downtown Buffalo?
Parkside $1,016/month
Kensington $1,053/month
Bryant $1,146/month
All of these neighborhoods fall below the city wide average of $1,404/month.Most expensive neighborhoods in Downtown Buffalo?
LaSalle $1,507/month
Starin Central $1,635/month
Downtown Buffalo $1,680/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Buffalo, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Buffalo | $1,680 |
| Starin Central | $1,635 |
| LaSalle | $1,507 |
| Park Meadow | $1,377 |
| North Park | $1,341 |
| Delaware - West Ferry | $1,332 |
| South Ellicott | $1,327 |
| Willert Park | $1,309 |
| Allentown | $1,169 |
| Bryant | $1,146 |
| Kensington | $1,053 |
| Parkside | $1,016 |
Buffalo | Rent Comparison by Neighborhood
Rent in Downtown Buffalo is 44% higher than in Allentown
Downtown Buffalo rent is the same as Buffalo average
Allentown rent is 30% lower than Buffalo average
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 Downtown 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.