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Rent in Buffalo, NY

Across Buffalo's 41 ZIP codes, a 2-bedroom typically rents for about $1,375 a month, with figures from $541–$1,970. The highest typical rent is in 14260 ($1,800) and the lowest in 14202 ($1,021). 36 ZIPs have ZIP-level figures from HUD or Census; the other 5 use the county Fair Market Rent. Owner-occupied homes in Erie County pay about 1.98% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.

Rent by bedrooms

Typical monthly rent in Buffalo, NY by bedrooms
SizeTypicalRange across ZIPsZIPs
Studio$1,178$604–$3,500+41
1 bed$1,158$604–$1,67041
2 beds$1,375$541–$1,97041
3 beds$1,719$917–$2,40041
4 beds$1,919$955–$2,74041

Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).

Buffalo ZIP codes

2 beds

Frequently asked questions

What is the average rent for a 2-bedroom in Buffalo, NY?
About $1,375 a month: the median of the typical rents in 41 ZIP codes, which range from $541–$1,970. Figures are gross rent (rent plus tenant-paid utilities).
What is the average rent for a 1-bedroom in Buffalo, NY?
About $1,158 a month: the median of the typical rents in 41 ZIP codes, which range from $604–$1,670. Figures are gross rent (rent plus tenant-paid utilities).
What is the average rent for a 3-bedroom in Buffalo, NY?
About $1,719 a month: the median of the typical rents in 41 ZIP codes, which range from $917–$2,400. Figures are gross rent (rent plus tenant-paid utilities).
What is the average rent for a studio in Buffalo, NY?
About $1,178 a month: the median of the typical rents in 41 ZIP codes, which range from $604–$3,500+. Figures are gross rent (rent plus tenant-paid utilities).
What is the average rent for a 4-bedroom in Buffalo, NY?
About $1,919 a month: the median of the typical rents in 41 ZIP codes, which range from $955–$2,740. Figures are gross rent (rent plus tenant-paid utilities).
Which Buffalo ZIP code has the highest rent?
For a 2-bedroom, 14260 has the highest typical rent at $1,800 a month, and 14202 the lowest at $1,021.
What is the property tax rate in Buffalo, NY?
Owner-occupied homes in Erie County pay a typical 1.98% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
What is the current 30-year mortgage rate?
The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
Where do these Buffalo rent figures come from?
HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).