Rents are right about where Niagara Falls's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,180 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 →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Niagara Falls is at its highest level since Zillow's records here began in June 2022.
Rent in Niagara Falls changed +6.7% over the year to September 2026. Across the 82 New York cities Zillow tracks, the typical change was +5.3%.
Rent has risen 4 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($49,101) is $1,228 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,055); a 3-bedroom is $1,295.
The priciest of 4 ZIP codes in Niagara Falls, 14304 ($1,304/mo), costs 21% more than the cheapest, 14303 ($1,082/mo).
Lockport, 16 miles away, rents for 13% less ($1,025/mo), about $1,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Niagara Falls. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Niagara Falls, NY has changed in 5 years
Five years ago, renters in Niagara Falls, NY paid around $945 a month. That figure now sits near $1,180, up 24.9% 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.
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Can you afford rent in Niagara Falls on your salary?
At $1,180/mo, how Niagara Falls rent compares to typical pay (30% rule).
Niagara Falls rent by bedroom count
Median rent for each apartment size in Niagara Falls. Click any size for full breakdown.
Tips for renters in Niagara Falls
Last updated: October 17, 2026
The median rent in Niagara Falls is $1,180/mo as of October 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 29% of local median household income ($49,101/yr), Niagara Falls ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.7% over the past year.
Frequently asked questions
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Is rent going up or down in Niagara Falls?
Which Niagara Falls neighborhoods have the lowest rent?
How does Niagara Falls rent compare to other cities in New York?
At $1,180/mo, rent takes ~29% of Niagara Falls's median household income ($49,101/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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