Rent in Niagara County, NY

HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,423 for a two-bedroom, up 6% from $1,343. A one-bedroom goes from $1,139 to $1,203, a studio from $1,105 to $1,178.

These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.

HUD's Fair Market Rent for 2026 is $1,139 for a one-bedroom and $1,343 for a two-bedroom, utilities included. That is $16,116 a year for the two-bedroom.

It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.

To keep a $1,343 two-bedroom at 30% of gross pay, one full-time worker needs $25.83 an hour, or $53,720 a year. A one-bedroom at $1,139 takes $21.90 an hour.

At HUD's 2026 Fair Market Rent: studio $1,105, one bedroom $1,139, two $1,343, three $1,640 and four $1,869 a month.

For the typical household, earning $69,633 a year ($5,803 a month, Census ACS), a two-bedroom at $1,343 takes 23.1% of income. Under 30% is the usual line for affordable; this is under it.

Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,343 × 12) ÷ 0.30 = $53,720. Divided by 2,080 working hours, that is $25.83 an hour.