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City Report · NY

Depew

Pop. 15,000·98th most expensive in New York·Depew rents are up 18.8% over the past year
Median rent (all units)
$1,505/mo
Year-over-Year
+18.8%
Month-over-Month
+1.0%
vs US Median
-$460
Rising (Monthly)
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Most AffordableMost Expensive
Depew · $1,505
More affordable than 75% of US cities · National median $1,965/mo
Affordability
25% of income
AFFORDABLE
0%30% benchmark60%+

At $1,505/mo, rent takes about 25% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$60,000/yr
Local median income
$73,556/yr
Based on the 30%-of-income rule using Depew's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,000
1 BR
$1,040
2 BR
$1,220
3 BR
$1,490
4 BR+
$1,690
Research median
$1,220/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,060/yr
At $1,505/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 18.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+18.8% YoY, +1.0% MoM), not inventory.
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Demographics

Who lives here

Depew, NY is majority owner-occupied, has a large retiree population, 25.1% of residents hold a bachelor's degree or higher.

Population
15,000
Median income
$73,556
Median age
43.4
Renters
23.7%
Age distribution
18.4%
21.3%
23.7%
15.6%
20.9%
Under 1818.4%
18–3421.3%
35–5423.7%
55–6415.6%
65+20.9%
Gender
47.6%
52.4%
Male47.6%
Female52.4%
Race & ethnicity
89.9%
White89.9%
Black2%
Hispanic3.8%
Asian1.4%
Other2.8%
Education (25+)
37%
32.1%
25.1%
No HS diploma5.8%
HS diploma37%
Some college32.1%
Bachelor's+25.1%
Housing tenure
76.3%
23.7%
Owner76.3%
Renter23.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Depew, NY has changed in 5 years

Income
$65,292 → $73,556
up 12.7%
Population
15,188 → 15,000
down 1.2%
Renter share
25.5% → 23.7%
-1.8 pts
Bachelor's+
21.6% → 25.1%
+3.5 pts
Median age
41.6 → 43.4
+1.8 yrs

Census figures show median household income at $73,556 today, compared with $65,292 five years earlier. Headcount in the area went from 15,188 to 15,000 between 2021 and 2024, a 1.2% change. About 23.7% of households rent today, against 25.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 21.6% to 25.1%.

Community

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View Depew rent history (2015–2026) →
Salary vs rent

Can you afford rent in Depew on your salary?

At $1,505/mo, how Depew rent compares to typical pay (30% rule).

By apartment size

Depew rent by bedroom count

Median rent for each apartment size in Depew. Click any size for full breakdown.

Local insights

Tips for renters in Depew

About renting in Depew, NY

Last updated: July 20, 2026

The median rent in Depew is $1,505/mo as of July 2026. A studio apartment averages $1,000/mo while a 2-bedroom runs $1,220/mo. One-bedroom apartments average $1,040/mo and 3-bedroom units go for $1,490/mo.

At 25% of local median household income ($73,556/yr), Depew ranks as affordable compared to the national benchmark of 30%. Rents have increased 18.8% over the past year.

FAQ

Frequently asked questions

Is Depew an affordable city for renters?

Depew is considered affordable for renters. At $1,505/mo, rent takes approximately 25% of the local median household income ($73,556/yr). The standard benchmark is 30%. Depew falls comfortably within that range.

How much income do you need to rent in Depew?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,505/mo in Depew. The local median household income is $73,556/yr, meaning the typical Depew household meets that threshold.

Is rent going up or down in Depew?

Rent in Depew has increased 18.8% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Depew rent compare to other cities in New York?

Depew is one of the more affordable cities in New York for rent, ranking #98 out of 126 tracked cities at $1,505/mo.

Which nearby cities are cheaper to rent in than Depew?

Buffalo is nearby and more affordable at $1,430/mo, which is $75 less than Depew.

What percentage of Depew residents rent vs. own?

According to Census data, approximately 23.7% of Depew households are renters, while 76.3% are owner-occupied. Depew leans toward homeownership, which can mean a smaller rental inventory.

How does Depew rent compare to the national average?

Depew's median rent of $1,505/mo is $460 (23%) below the US national median of $1,965/mo. Within New York, it ranks #98 out of 126 tracked cities.
Income Affordability
25%
AFFORDABLE

At $1,505/mo, rent takes ~25% of Depew's median household income ($73,556/yr). The standard benchmark is 30%.

Depew 25%Benchmark 30%
State income tax4–10.9%
Run the Depew affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Depew, NY

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