10 Apartments under 700 for rent in Buffalo, NY

Last updated August 15 at 6:38am UTC
1073 Grant Street
Black Rock
Buffalo, NY
Updated August 15 at 6:38am UTC
2 Bedrooms
$630
118 Pooley Place
Forest
Buffalo, NY
Updated August 15 at 2:43am UTC
2 Bedrooms
$675
142 W. Delavan Ave.
Forest
Buffalo, NY
Updated June 25 at 8:24pm UTC
Studio
$100
411 Oliver Street
North Tonawanda
North Tonawanda, NY
Updated August 15 at 6:38am UTC
2 Bedrooms
$600
26 French Lea Rd
Buffalo
Buffalo, NY
Updated August 15 at 1:21am UTC
Studio
$625
109 19th St
Front Park
Buffalo, NY
Updated August 14 at 9:29am UTC
2 Bedrooms
$650
107 Jones St
Babcock
Buffalo, NY
Updated July 13 at 1:17am UTC
2 Bedrooms
$600
Results within 5 miles of Buffalo, NY
389 Millicent Ave
Kensington
Buffalo, NY
Updated June 25 at 9:27am UTC
2 Bedrooms
$650
282 Schenck St
North Tonawanda
North Tonawanda, NY
Updated August 14 at 9:29am UTC
Studio
$595
24 Lincoln Ave
North Tonawanda
North Tonawanda, NY
Updated August 7 at 5:09pm UTC
1 Bedroom
$465

August 2018 Buffalo Rent Report

Welcome to the August 2018 Buffalo Rent Report. Buffalo rents increased 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

August 2018 Buffalo Rent Report

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

Buffalo rents increase sharply over the past month

Buffalo rents have increased 0.7% over the past month, and have increased slightly by 1.5% 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. Buffalo's year-over-year rent growth leads the state average of 0.7%, as well as the national average of 1.2%.

Buffalo rents more affordable than many large cities nationwide

As rents have increased slightly in Buffalo, large cities nationwide have seen rents grow more quickly. 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 $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 1.5% increase in Buffalo.
  • While Buffalo's rents rose slightly over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.4%).
  • Renters will find more reasonable prices in Buffalo than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than 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.