Apartments in Babcock Buffalo

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475 Ellicott St Buffalo, NY
2 BR | Available Now
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Ellicott
11
$1,200
Buffalo, NY
3 BR | Available Now
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Cazenovia Park
13
$2,000
653 Main Ave Buffalo, NY
2 BR | Dec. 1, 2024
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Ellicott
13
$2,000
Buffalo, NY
2 BR | Dec. 1, 2024
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Ellicott
9
$1,150
West Seneca, NY
2 BR | Available Now
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Cazenovia Park
23
$1,575 - 1,950
847 Washington St Buffalo, NY
1 - 2 BR | Available Now
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Buffalo:
November Rent Report

Welcome to the November 2024 Buffalo Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Buffalo rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Buffalo and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Buffalo average rent prices in the chart below.

Monthly Rent Report

$1,450
$1,090
$730
$360
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Buffalo Rent Prices Decrease From October to November

Buffalo rent prices decreased over the last month. From October to November, the city experienced a -0.35% decrease for the price of a one-bedroom apartment. The rent price for a Buffalo one-bedroom apartments currently stands at $1,144.0.

When we take a look at the two-bedroom comparison from October to November, Buffalo experienced a -1.24% decrease for the price of a two-bedroom apartment. The rent price for a Buffalo two-bedroom apartments currently stands at $1,350.0.

November Prices: Buffalo vs. Surrounding Areas

East Amherst, NY
Amherst, NY
Tonawanda, NY
Cheektowaga, NY
Buffalo, NY
Niagara Falls, NY
Lockport, NY
$1,368
$1,304
$1,165
$1,155
$1,148
$1,074
$798
$0
$450
$900
$1,350
$1,800
Median 1 BR Rent

Rent Prices in Buffalo and Surrounding Areas

Rent prices have decreased in Buffalo over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Buffalo suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Tonawanda, NY, Cheektowaga, NY .

  • Rent decreased in Amherst, NY, East Amherst, NY, Lockport, NY, Niagara Falls, NY.

  • 4 suburbs are currently priced higher than the city of Buffalo.

  • 2 suburbs are currently priced lower than the city of Buffalo.

November 2024 Pricing Trends: Buffalo vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Buffalo, NY
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$1,148
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Buffalo Rent Prices More Affordable Than Major Cities

Rent growth in Buffalo over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Buffalo average rent prices appear to be relatively affordable for local residents.

The price for a Buffalo one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Buffalo and surrounding area rent prices, take a look at the complete data set below.

Data set for Buffalo and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Buffalo, NY $1,148.0 -0.86% $1,367.0 -0.44%
Tonawanda, NY $1,165.0 1.13% $1,275.0 0.39%
Cheektowaga, NY $1,155.0 0.43% $1,231.0 0.00%
Amherst, NY $1,304.0 -0.76% $1,688.0 0.12%
East Amherst, NY $1,368.0 0.00% $1,450.0 0.00%
Lockport, NY $798.0 -1.72% $996.0 -1.58%
Niagara Falls, NY $1,074.0 -9.06% $995.0 -6.13%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.