Rental prices in Niagara Falls, Ontario have shown mixed trends in recent months. As of April 2025, the average rent stands at $2,250 per month. The median rent across all property types is $2,054 monthly, which is 8% higher than the national average. Recent data shows a 5% decrease in median rent over the last month, yet a 3% increase compared to the same time last year.
Niagara Falls rental market shows volatility with recent 5% monthly drop despite remaining above national averages.
The rental market in Niagara Falls offers various options across different price points. One-bedroom apartments average $1,679 per month, while two-bedroom units cost around $2,152. Houses command the highest rates at approximately $2,395 monthly. The overall rental price range spans from $850 to $5,995 per month, with most listings concentrated between $1,600 and $2,400.
Currently, Niagara Falls, Ontario has about 149 rental units available. The market has experienced a month-over-month price drop of $50 across all accommodation types. However, this represents a decrease of $150 compared to last year’s rates. Despite these fluctuations, Niagara’s rental prices have remained relatively stable while national rates continue to decline.
Across the border, Niagara Falls, New York presents a different rental landscape. The city has 9,870 renter-occupied units, making up 44% of local real estate. The average apartment in Niagara Falls, NY rents for $999 per month with an average size of 880 square feet. The vacancy rate sits at 7.1%. Two-bedroom units dominate the market at 43%, and most rentals (67.61%) are priced between $700 and $1,000. Rents in the New York side have increased by 5% year-over-year.
Affordability remains a concern in both markets. The median household income for renters in Niagara Falls, NY is $23,762. Meanwhile, Ontario’s Niagara Falls continues to see rental prices that exceed the national average, potentially straining local renters’ budgets.
The contrasting rental markets of these neighboring cities highlight regional differences in housing costs. While Niagara Falls, Ontario maintains higher prices that resist broader downward trends, its American counterpart offers more affordable options with less price volatility.
Housing affordability continues to shape quality of life and economic mobility across border communities. These differences offer important context for regional planning and resident decision-making. Explore more housing trends and cross-border comparisons on Marketplace Niagara.
