How much does it cost to rent in Niagara Falls, NY?

As of July 2026, the median monthly rent in Niagara Falls, NY is $1,212. This figure is based on aggregated data from public sources and community-submitted rents.

Is Niagara Falls cheaper than other New York cities?

Niagara Falls is among the more affordable cities in New York, ranking #122 out of 126 cities at $1,212/mo.

When was Niagara Falls rent data last updated?

Niagara Falls rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · NY

Niagara Falls

Name: Average Rent Prices in Niagara Falls, NY
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 47,987·122nd most expensive in New York·Niagara Falls rents are up 20.5% over the past year

Median rent (all units)

$1,212/mo

Year-over-Year

+20.5%

Month-over-Month

+2.0%

vs US Median

-$753

Rising (Monthly)

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Most AffordableMost Expensive

Niagara Falls · $1,212

More affordable than 92% of US cities · National median $1,965/mo

Rent Reality Score

38/100

Overpriced

OverheatedFairGreat value

Rents are 6% above what Niagara Falls's 10-year trend predicts — running hotter than its own history.

Actual rent

$1,212/mo

Expected by trend

$1,143/mo

The Rent Reality Score compares today's median rent to where Niagara Falls's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$865

1 BR

$903

2 BR

$1,055

3 BR

$1,295

4 BR+

$1,458

Research median

$1,055/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

$14,544/yr

At $1,212/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 20.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+20.5% YoY, +2.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Niagara Falls, NY is majority owner-occupied, has a median income below the national average, 22.7% of residents hold a bachelor's degree or higher.

Population

47,987

Median income

$49,101

Median age

40.8

Renters

41.5%

Age distribution

21.2%

21.8%

24%

14.6%

18.5%

Under 1821.2%

18–3421.8%

35–5424%

55–6414.6%

65+18.5%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

64.4%

18.6%

White64.4%

Black18.6%

Hispanic7.6%

Asian2.4%

Other7%

Education (25+)

38%

28.1%

22.7%

No HS diploma11.2%

HS diploma38%

Some college28.1%

Bachelor's+22.7%

Housing tenure

58.5%

41.5%

Owner58.5%

Renter41.5%

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

2023 vs 2026

How Niagara Falls, NY has changed in 5 years

Rent

$946 → $1,212

up 28.1%

Income

$43,336 → $49,101

up 13.3%

Population

48,763 → 47,987

down 1.6%

Renter share

41.3% → 41.5%

+0.2 pts

Bachelor's+

21.1% → 22.7%

+1.6 pts

Median age

40.1 → 40.8

+0.7 yrs

Five years ago, renters in Niagara Falls, NY paid around $946 a month. That figure now sits near $1,212, up 28.1% from the 2023 baseline. Census figures show median household income at $49,101 today, compared with $43,336 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Niagara Falls, NY losing about 776 residents over the five-year window, down 1.6% on net. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

Discussions about Niagara Falls

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View Niagara Falls rent history (2015–2026) →

Salary vs rent

Can you afford rent in Niagara Falls on your salary?

At $1,212/mo, how Niagara Falls rent compares to typical pay (30% rule).

Registered Nurse

Avg $107,707/yr · Rent = 13.5% income

very comfortable

Elementary School Teacher

Avg $76,471/yr · Rent = 19% income

very comfortable

Police Officer

Avg $88,088/yr · Rent = 16.5% income

very comfortable

Software Developer

Avg $157,445/yr · Rent = 9.2% income

very comfortable

Lawyer

Avg $201,176/yr · Rent = 7.2% income

very comfortable

Firefighter

Avg $71,603/yr · Rent = 20.3% income

affordable

Truck Driver

Avg $64,649/yr · Rent = 22.5% income

affordable

Electrician

Avg $79,686/yr · Rent = 18.3% income

very comfortable

By apartment size

Niagara Falls rent by bedroom count

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

Local insights

Tips for renters in Niagara Falls

About renting in Niagara Falls, NY

Last updated: July 20, 2026

The median rent in Niagara Falls is $1,212/mo as of July 2026. A studio apartment averages $865/mo while a 2-bedroom runs $1,055/mo. One-bedroom apartments average $903/mo and 3-bedroom units go for $1,295/mo.

At 30% of local median household income ($49,101/yr), Niagara Falls ranks as moderate compared to the national benchmark of 30%. Rents have increased 20.5% over the past year.

FAQ

Frequently asked questions

Is Niagara Falls an affordable city for renters?

Niagara Falls is considered moderate for renters. At $1,212/mo, rent takes approximately 30% of the local median household income ($49,101/yr). The standard benchmark is 30%. Niagara Falls slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Niagara Falls?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,212/mo in Niagara Falls. The local median household income is $49,101/yr, meaning the typical Niagara Falls household meets that threshold.

Is rent going up or down in Niagara Falls?

Rent in Niagara Falls has increased 20.5% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Niagara Falls neighborhoods have the lowest rent?

The most affordable ZIP codes in Niagara Falls are 14301 ($1,002/mo), 14303 ($1,207/mo), and 14304 ($1,317/mo). Citywide, the median rent in Niagara Falls is $1,212/mo.

How does Niagara Falls rent compare to other cities in New York?

Niagara Falls is one of the more affordable cities in New York for rent, ranking #122 out of 126 tracked cities at $1,212/mo.

Which nearby cities are cheaper to rent in than Niagara Falls?

North Tonawanda is nearby and more affordable at $1,173/mo, which is $39 less than Niagara Falls.

What percentage of Niagara Falls residents rent vs. own?

According to Census data, approximately 41.5% of Niagara Falls households are renters, while 58.5% are owner-occupied. Niagara Falls leans toward homeownership, which can mean a smaller rental inventory.

How does Niagara Falls rent compare to the national average?

Niagara Falls's median rent of $1,212/mo is $753 (38%) below the US national median of $1,965/mo. Within New York, it ranks #122 out of 126 tracked cities.

Income Affordability

30%

MODERATE

At $1,212/mo, rent takes ~30% of Niagara Falls's median household income ($49,101/yr). The standard benchmark is 30%.

Niagara Falls 30%Benchmark 30%

State income tax4–10.9%

Run the Niagara Falls affordability calculator →

Nearby cities