Rental market snapshot for Buffalo, New York

Buffalo, New York Rental Property Market Overview

Buffalo, New York is a vibrant city located in western New York, on the eastern shores of Lake Erie. As of 2021, the city has a population of 276,807, according to the US Census. Buffalo is known for its rich cultural heritage, with a diverse range of attractions, including the Buffalo Zoo, the Buffalo Museum of Science, and the Albright-Knox Art Gallery. The city also boasts a thriving music and arts scene, with a variety of venues and events throughout the year. Buffalo is a great place to live, work, and play, with plenty of opportunities for recreation, entertainment, and exploration.

The average rent for an apartment in Buffalo is $1,267. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -3.6% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Buffalo New York | Cost of Living

  • The most expensive ZIP Code in Buffalo is 14221 with an average price of $1,749
  • The cheapest ZIP Code in Buffalo is 14215 with an average price of $850

Buffalo ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
114221$1,749
214202$1,695
314225$1,595
414203$1,500
514209$1,450
614222$1,300
714201$1,295
814223$1,275
914216$1,185
1014220$1,099

Live near Buffalo, New York's Top Sights and Attractions

Roosevelt is a historic neighborhood located in Buffalo, New York. It is home to many of the city's most iconic attractions, including the Buffalo Zoo, the Buffalo and Erie County Botanical Gardens, and the Albright-Knox Art Gallery. The neighborhood is also home to many of Buffalo's most popular restaurants, bars, and shops. Roosevelt is a vibrant and diverse community, with a unique mix of old and new architecture, and a variety of cultural attractions.

This attraction is located on the waterfront of Lake Erie and is a popular destination for locals and tourists alike. It features a large observation tower, a boardwalk, and a marina with boat tours. Visitors can take in stunning views of the lake and the city skyline, as well as enjoy a variety of activities such as fishing, kayaking, and biking. There are also plenty of restaurants and shops to explore, making it a great spot to spend the day.

Audubon Recreation Center is a popular destination for outdoor recreation and leisure activities. It features a large, open park area with a variety of amenities, including a playground, basketball courts, tennis courts, a swimming pool, and a picnic area. The park also has a walking trail, a pond, and a nature center with educational programs and activities. Visitors can also enjoy a variety of special events and activities throughout the year, such as concerts, festivals, and outdoor movies.

Burke Green is a small park located in the heart of Buffalo. It is a popular spot for locals and visitors alike, offering a peaceful respite from the hustle and bustle of the city. The park features lush green lawns, mature trees, and a variety of benches and picnic tables. It is also home to a large pond, which is a popular spot for fishing and bird watching. In addition, Burke Green is home to a number of sculptures and monuments, making it a great place to explore and appreciate the city's history and culture.

The Buffalo Skyway is a scenic elevated highway that stretches along the Buffalo waterfront. It offers stunning views of Lake Erie, the Buffalo River, and the city skyline. The Skyway is a popular spot for sightseeing, with many visitors stopping to take in the views and snap photos. The Skyway is also a great place to take a leisurely drive, with plenty of places to pull over and enjoy the scenery.

Ferry Circle is a historic park located on the waterfront of Buffalo, New York. It is a popular spot for locals and tourists alike, offering stunning views of Lake Erie and the city skyline. The park features a large grassy area, a playground, and a gazebo. There is also a memorial dedicated to the Buffalo Soldiers, a group of African American soldiers who served in the Civil War. Visitors can take a stroll along the waterfront, enjoy a picnic, or take part in one of the many events held at the park throughout the year.

Mcclellan Circle is a beautiful park located in the heart of the city. It is a popular destination for locals and visitors alike, featuring a large fountain, lush green lawns, and a variety of trees and shrubs. The park is also home to a variety of sculptures, monuments, and memorials, making it a great spot for a leisurely stroll or a picnic. The park is also a popular spot for outdoor concerts and festivals, making it a great place to spend a summer day.

Nature View Park is a scenic outdoor destination located in the heart of Buffalo. It features a large lake surrounded by lush greenery, providing a peaceful and tranquil atmosphere. Visitors can enjoy a variety of activities such as fishing, boating, hiking, and bird watching. The park also has a playground and picnic area, making it a great spot for families to spend the day. With its stunning views and abundance of wildlife, Nature View Park is a great place to relax and take in the beauty of nature.

Mungovan is a unique attraction located in Buffalo, New York. It is a large, outdoor sculpture garden featuring over 40 pieces of art created by local and international artists. The sculptures are made from a variety of materials, including steel, wood, and stone. Visitors can explore the garden and admire the sculptures, which range from abstract to representational. The garden also features a pond, a waterfall, and a variety of plants and trees. Mungovan is a great place to visit for those looking to enjoy some outdoor art and nature.

Martin Luther King Jr. Park is a popular attraction in Buffalo, New York. Located in the historic Fruit Belt neighborhood, the park is a tribute to the civil rights leader and features a memorial sculpture of Dr. King, a reflecting pool, and a memorial wall. The park also includes a playground, basketball courts, and a picnic area. The park is a popular spot for visitors to learn more about the life and legacy of Dr. King.

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

Buffalo, New York area median rent change by ZIP Code map

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

How does Buffalo compare to other cities in New York ?

citymedian price
South Richmond Hill$2,699
Binghamton$1,100
West Harrison$3,199
Forest Hills$2,350
Queens Village$2,100
Penfield$1,375
Central Islip$2,549

Average household income in Buffalo area graph - US Census

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

The median household income in Buffalo in 2021 was $39,677. This represents a 31.3% change from 2011 when the median was $30,230.

#categorypercent
0Less than $10,00012.7%
1$10,000 to $14,9998.8%
2$15,000 to $19,9996.9%
3$20,000 to $24,9996.5%
4$25,000 to $29,9995.4%
5$30,000 to $34,9995.5%
6$35,000 to $39,9994.6%
7$40,000 to $44,9994.4%
8$45,000 to $49,9994.1%
9$50,000 to $59,9997.5%
10$60,000 to $74,9998.7%
11$75,000 to $99,9999.6%
12$100,000 to $124,9995.6%
13$125,000 to $149,9993.5%
14$150,000 to $199,9993.4%
15$200,000 or more2.8%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
Made withDataherald