Home > About BNE > Press Room > 2008 Archive > June > Buffalo ranks high in big cities with low rent

Buffalo Ranks High in Big Cities with Low Rent
July 7th, 2008
By Kevin Heffernan

Renting homes and apartments is becoming more popular nationwide due to stricter rules in obtaining a mortgage.

For those looking to rent, Buffalo is a great place to be. Business Week compiled a list of 21 major cities with low rent rates and ranked Buffalo-Niagara 13th based on the average monthly rent of $712.

Business Week took into account the median salaries of the area and pointed out that renters are getting more bang for their buck than in the nation's most populous cities regarding square footage, kitchens, bathrooms, and number of bedrooms.

Buffalo shared the list with cities comparable in size like Rochester, NY, as well as much larger cities like Houston, TX, ranking ahead of both.