Rent in Grand Island, NY
A 2-bedroom in Grand Island, NY (ZIP 14072) typically rents for about $1,399 a month, with a range of $1,157–$1,640. 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
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,077 | $793–$1,360 | 1 |
| 1 bed | $1,232 | $1,074–$1,390 | 1 |
| 2 beds | $1,399 | $1,157–$1,640 | 1 |
| 3 beds | $2,123 | $2,000–$2,245 | 1 |
| 4 beds | $2,280 | $1,977–$2,280 | 1 |
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).
Grand Island ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Grand Island, NY?
- About $1,399 a month: the median of the typical rents in 1 ZIP code, which range from $1,157–$1,640. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Grand Island, NY?
- About $1,232 a month: the median of the typical rents in 1 ZIP code, which range from $1,074–$1,390. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Grand Island, NY?
- About $2,123 a month: the median of the typical rents in 1 ZIP code, which range from $2,000–$2,245. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Grand Island, NY?
- About $1,077 a month: the median of the typical rents in 1 ZIP code, which range from $793–$1,360. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Grand Island, NY?
- About $2,280 a month: the median of the typical rents in 1 ZIP code, which range from $1,977–$2,280. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Grand Island, 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 Grand Island 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).