13 Apartments under 700 for rent in Buffalo, NY

Last updated May 27 at 6:01pm UTC
1073 Grant Street
Black Rock
Buffalo, NY
Updated May 27 at 6:01pm UTC
2 Bedrooms
$650
198 Altruria St
South Park
Buffalo, NY
Updated May 23 at 2:00am UTC
1 Bedroom
$625
1073 Grant St
Black Rock
Buffalo, NY
Updated May 27 at 9:48am UTC
2 Bedrooms
$650
533 Wyoming Ave
Grider
Buffalo, NY
Updated May 14 at 5:53pm UTC
2 Bedrooms
$575
107 Jones St
Babcock
Buffalo, NY
Updated April 27 at 1:48am UTC
2 Bedrooms
$600
108 Roebling Ave
Schiller Park
Buffalo, NY
Updated April 15 at 1:55am UTC
3 Bedrooms
$650
411 Oliver Street
North Tonawanda
North Tonawanda, NY
Updated May 27 at 6:01pm UTC
2 Bedrooms
$600
23 Laverack Ave
Depew
Depew, NY
Updated May 23 at 1:58am UTC
2 Bedrooms
$675
282 Schenck St
North Tonawanda
North Tonawanda, NY
Updated May 25 at 5:55pm UTC
Studio
$625
389 Millicent Ave
Kensington
Buffalo, NY
Updated May 2 at 1:51am UTC
2 Bedrooms
$650
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May 2018 Buffalo Rent Report

Welcome to the May 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

May 2018 Buffalo Rent Report

Welcome to the May 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 moderately over the past month

Buffalo rents have declined 0.4% over the past month, but have increased significantly by 4.3% 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 0.4%, as well as the national average of 1.5%.

Buffalo rents more affordable than many large cities nationwide

As rents have increased significantly 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 $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 4.3% increase in Buffalo.
  • While Buffalo's rents rose significantly over the past year, the city of DC saw a decrease of 0.2%.
  • Renters will find more reasonable prices in Buffalo than most large cities. For example, San Francisco has a median 2BR rent of $3,060, 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.