Niagara Falls Rent Prices — Updated for May 2026
Report for May 2026 · Updated monthly by Door Insight
The median rent for a two-bedroom unit in Niagara Falls is $1,995 per month as of May 2026. One-bedroom units are asking $1,795, two-bedrooms $1,995, and three-bedrooms $2,300. Asking rents have declined 2% compared to the same period last year.
Niagara Falls Rent Trends — Historical Chart
Niagara Falls Rental Market Summary — May 2026
The median asking rent for a two-bedroom unit in Niagara Falls is $1,995 per month as of May 2026. Month-over-month, two-bedroom rents rose 7.8%. One-bedroom units are listing at a median of $1,795, while three-bedroom units sit at $2,300. The one-bedroom segment is moving fastest year-over-year at +19.7%.
Year-over-year, Niagara Falls's two-bedroom median asking rent has decreased 2%. One-bedroom rents moved +19.7% over the same period. Three-bedroom rents shifted -8% year-over-year. These figures reflect asking rents from active listings analysed by Door Insight.
By Property Type
Condo two-bedroom units in Niagara Falls have a median asking rent of $1,999 (+2.5% YoY). House two-bedroom units in Niagara Falls have a median asking rent of $1,900 (-17.4% YoY).
Property managers in Niagara Falls should consider current market trajectory when setting rental rates. The data on this page provides a baseline for pricing decisions across Niagara Falls's rental market. For property-specific estimates, Door Insight's Rent Estimator provides address-level analysis.
Average Rent in Niagara Falls by Bedroom Count
The table below shows median and average asking rents in Niagara Falls, Ontario as of May 2026.
| Bedrooms | Median Rent | Average Rent | Month-over-Month | Year-over-Year |
|---|---|---|---|---|
| 1 Bedroom | $1,795 | $1,645 | ↑ 15.9% | ↑ 19.7% |
| 2 Bedroom | $1,995 | $1,998 | ↑ 7.8% | ↓ 2% |
| 3 Bedroom | $2,300 | $2,605 | ↓ 4.2% | ↓ 8% |
Among the bedroom types tracked in Niagara Falls, 1 Bedroom units are showing the strongest year-over-year movement. Property managers pricing 1 bedroom units may have additional room to adjust asking rents, while slower-moving segments may warrant more competitive positioning to minimise vacancy.
Niagara Falls Rent by Property Type
Rental rates in Niagara Falls differ by property type. The table below breaks down median two-bedroom rents as of May 2026.
| Property Type | Median Rent (2BR) | Month-over-Month | Year-over-Year |
|---|---|---|---|
| All Types | $1,995 | ↑ 7.8% | ↓ 2% |
| Condo | $1,999 | ↓ 2.4% | ↑ 2.5% |
| House | $1,900 | ↑ 5.6% | ↓ 17.4% |
Among property types, Condo rents are growing the fastest year-over-year, while House rents are growing the slowest.
Condo Rent in Niagara Falls
| Bedrooms | Median Rent | Average Rent | YoY Change | MoM Change |
|---|---|---|---|---|
| 1 Bedroom | $1,795 | $1,695 | ↑ 20.1% | ↑ 8.8% |
| 2 Bedroom | $1,999 | $2,131 | ↑ 2.5% | ↓ 2.4% |
| 3 Bedroom | $2,572 | $4,113 | ↓ 2% | ↑ 5.1% |
House Rent in Niagara Falls
| Bedrooms | Median Rent | Average Rent | YoY Change | MoM Change |
|---|---|---|---|---|
| 1 Bedroom | $1,700 | $1,543 | ↑ 21.4% | ↑ 25.9% |
| 2 Bedroom | $1,900 | $1,844 | ↓ 17.4% | ↑ 5.6% |
| 3 Bedroom | $2,300 | $2,304 | ↓ 8% | ↓ 2.1% |
Is Niagara Falls Rent Going Up or Down?
Niagara Falls rents are falling. The current median two-bedroom asking rent is $1,995 per month. Year-over-year, two-bedroom rents have decreased 2%. Month-over-month, the change is +7.8%.
The softening trend in Niagara Falls indicates increased competition among landlords. Property managers should price competitively and consider the value of minimising vacancy over maximising per-unit rent.
How Does Niagara Falls Rent Compare?
Niagara Falls vs. Nearby Cities
| City | Median Rent (2BR) | vs. Niagara Falls |
|---|---|---|
| Toronto | $2,600/mo | +30.3% |
| Ottawa | $2,395/mo | +20.1% |
| Mississauga | $2,350/mo | +17.8% |
| Hamilton | $1,992/mo | -0.2% |
Among nearby markets, Hamilton offers the lowest two-bedroom median at $1,992/mo, while Toronto is the most expensive at $2,600/mo. These differences can influence tenant migration patterns and pricing strategies for property managers operating across the Ontario market.
What This Means for Property Managers in Niagara Falls
Pricing Guidance
Based on current data, the median two-bedroom asking rent in Niagara Falls is $1,995 per month. One-bedroom units are asking $1,795, and three-bedroom units list at $2,300. With two-bedroom rents down 2% year-over-year, the data suggests a more cautious approach to pricing increases. When pricing by property type: condo units have a median two-bedroom rent of $1,999; house units have a median two-bedroom rent of $1,900; Property managers should benchmark their asking rents against these figures and adjust based on unit condition, location, and amenities.
Lease Renewal Strategy
In a softening market with rents down 2% year-over-year, Niagara Falls property managers may want to prioritise retention over rent increases. Holding steady on renewals can minimise vacancy and turnover costs.
Market Outlook
Based on current trends, Niagara Falls's rental market is experiencing a cooling period. The most recent month-over-month movement of +7.8% provides a near-term signal for pricing direction. This is data-informed analysis based on listing trends and should not be treated as a guarantee of future market conditions. Property managers may want to monitor Door Insight's monthly updates for the latest figures.
About This Report
Data Sources
This Niagara Falls rental market report is based on active and recently listed rental units analysed across major Canadian listing platforms during May 2026. Data is aggregated from listings across Canada and refreshed monthly.
Methodology
Both median and average rents are provided for each bedroom count. The median is used as the primary measure because it is less affected by extreme values at either end of the price range. All figures reflect asking rents (listed prices), which may differ from final lease prices negotiated between landlord and tenant.
Data Confidence
Neighbourhoods and property types with smaller sample sizes may be less representative of actual market conditions. Where sample sizes are shown, they can be used to gauge the reliability of that data point.
Update Schedule
This report is updated monthly. The next update is expected in July 2026.
Frequently Asked Questions About Renting in Niagara Falls
- What is the average rent in Niagara Falls?
- The median rent for a two-bedroom unit in Niagara Falls is $1,995 per month. The average rent for a two-bedroom is $1,998 per month. One-bedroom units have a median asking rent of $1,795. Three-bedroom units have a median asking rent of $2,300. These figures are based on current listing data analysed by Door Insight.
- How much should I charge for a 2-bedroom rental in Niagara Falls?
- The median two-bedroom rental rate in Niagara Falls is $1,995 per month across all property types. By type: Condo at $1,999, House at $1,900. For a property-specific estimate based on exact address, unit size, and features, use Door Insight's Rent Estimator tool.
- Is rent going up or down in Niagara Falls?
- Niagara Falls rents are falling. The median two-bedroom asking rent has changed 2% year-over-year. Month-over-month, two-bedroom rents moved 7.8%. This data reflects current listing prices analysed by Door Insight.
- What is the vacancy rate in Niagara Falls?
- Vacancy rate data for Niagara Falls is updated periodically on Door Insight. Check back for the latest figures on rental vacancy in the Niagara Falls market.
- Which Niagara Falls neighbourhood has the highest rent?
- Neighbourhood-level rent data for Niagara Falls is available through Door Insight's Market Rent Pro platform. Premium neighbourhoods typically command the highest asking rents in the city.
- Which Niagara Falls neighbourhood has the lowest rent?
- For a detailed neighbourhood breakdown of Niagara Falls rental rates, including the most affordable areas, explore Door Insight's neighbourhood data tools.
- How do Niagara Falls rents compare to other Ontario cities?
- Niagara Falls two-bedroom median rents have decreased 2% year-over-year. For direct comparisons to other Ontario cities, see the city comparison section on this page or explore individual city reports on Door Insight.
Get a Rent Estimate for Your Property
The city-level data on this page provides a market overview for Niagara Falls. For a property-specific estimate based on exact address, unit size, and features, try Door Insight's Rent Estimator.
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