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City Report · NY

Grand Island

·81st most expensive in New York·Rental market data updated monthly for Grand Island, NY
Median rent (all units)
$1,903/mo
Year-over-Year
Stable
Month-over-Month
-8.9%
vs US Median
-$59
Falling (Monthly)
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Most AffordableMost Expensive
Grand Island · $1,903
More expensive than 52% of US cities · National median $1,962/mo
Affordability
32% of income
MODERATE
0%30% benchmark60%+

At $1,903/mo, rent takes about 32% of the US median household income, slightly above the 30% benchmark.

Income to afford
$76,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Grand Island's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,200
1 BR
$1,240
2 BR
$1,460
3 BR
$1,780
4 BR+
$2,020
Fair Market Rent (HUD)
$1,460/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,903 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$22,836/yr
At $1,903/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -8.9% MoM), not inventory.
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View Grand Island rent history (2015–2026) →
Salary vs rent

Can you afford rent in Grand Island on your salary?

At $1,903/mo, how Grand Island rent compares to typical pay (30% rule).

By apartment size

Grand Island rent by bedroom count

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

Local insights

Tips for renters in Grand Island

About renting in Grand Island, NY

Last updated: August 17, 2026

The median rent in Grand Island is $1,903/mo as of August 2026. A studio apartment averages $1,200/mo while a 2-bedroom runs $1,460/mo. One-bedroom apartments average $1,240/mo and 3-bedroom units go for $1,780/mo.

At 32% of estimated US median household income ($72,000/yr), Grand Island ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Grand Island an affordable city for renters?

Grand Island is considered moderate for renters. At $1,903/mo, rent takes approximately 32% of the US median household income ($72,000/yr). The standard benchmark is 30%. Grand Island slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Grand Island?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,903/mo in Grand Island.

Is rent going up or down in Grand Island?

Rent in Grand Island has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Grand Island rent compare to other cities in New York?

Grand Island is middle-of-the-pack for New York for rent, ranking #81 out of 125 tracked cities at $1,903/mo.

Which nearby cities are cheaper to rent in than Grand Island?

Several nearby cities have lower median rents than Grand Island ($1,903/mo): North Tonawanda ($1,203/mo), Niagara Falls ($1,221/mo), Tonawanda ($1,270/mo).

How does Grand Island rent compare to the national average?

Grand Island's median rent of $1,903/mo is $59 (3%) below the US national median of $1,962/mo. Within New York, it ranks #81 out of 125 tracked cities.
Income Affordability
32%
MODERATE

At $1,903/mo, rent takes ~32% of US median household income ($72,000/yr). The standard benchmark is 30%.

Grand Island 32%Benchmark 30%
State income tax4–10.9%
Run the Grand Island affordability calculator →
Lowest-rent ZIP codes in Grand Island
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Grand Island, NY

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