5 Apartments under 600 for rent in Buffalo, NY

Last updated January 20 at 5:21pm UTC
1073 Grant Street
Black Rock
Buffalo, NY
Updated January 20 at 5:20pm UTC
1 Bedroom
$575
997 E Lovejoy St
Lovejoy
Buffalo, NY
Updated January 20 at 1:48am UTC
2 Bedrooms
$500
Results within 1 miles of Buffalo, NY
33 Cobb Street
Sheridan Parkside
Tonawanda, NY
Updated January 3 at 11:39am UTC
2 Bedrooms
$550
35 Cobb Street
Sheridan Parkside
Tonawanda, NY
Updated January 3 at 11:39am UTC
2 Bedrooms
$550
235 Wabash Avenue
Kenmore
Tonawanda, NY
Updated January 20 at 5:21pm UTC
1 Bedroom
$550
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January 2018 Buffalo Rent Report

Welcome to the January 2018 Buffalo Rent Report. Buffalo rents declined over the past month. In this report, we'll evaluate trends in the Buffalo rental market, including comparisons to similar cities nationwide.

View full Buffalo Rent Report
Rent Report
Buffalo

January 2018 Buffalo Rent Report

Welcome to the January 2018 Buffalo Rent Report. Buffalo rents declined over the past month. In this report, we'll evaluate trends in the Buffalo rental market, including comparisons to similar cities nationwide.

Buffalo rents declined over the past month

Buffalo rents have declined 0.8% over the past month, but are up moderately by 2.1% in comparison to the same time last year. Currently, median rents in Buffalo stand at $720 for a one-bedroom apartment and $880 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in October. Buffalo's year-over-year rent growth leads the state average of 1.1%, but trails the national average of 2.8%.

Buffalo rents more affordable than many large cities nationwide

As rents have increased moderately in Buffalo, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Buffalo is still more affordable than most large cities across the country.

  • Buffalo's median two-bedroom rent of $880 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.1% rise in Buffalo.
  • While Buffalo's rents rose moderately over the past year, the city of DC saw a decrease of 0.3%.
  • Renters will find more reasonable prices in Buffalo than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is nearly three-and-a-half times the price in Buffalo.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.