What is the Fair Market Rent in Niagara Falls, NY?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,080 to $1,330 a month across the 5 ZIP codes that cover Niagara Falls.

By ZIP code: 14301 $1,080, 14302 $1,080, 14303 $1,170, 14305 $1,330, 14304 $1,270.

Across the whole Buffalo-Cheektowaga, NY MSA the two-bedroom figure is $1,423.

The Census Bureau’s median gross rent for a two-bedroom home in Niagara Falls is $822 (±$41), below the Small Area figure for ZIP 14301.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,423
2 bedrooms, ZIP 14301: $1,080
2 bedrooms, ZIP 14302: $1,080
2 bedrooms, ZIP 14303: $1,170

Fair Market Rents for Niagara Falls, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Buffalo-Cheektowaga, NY MSA (whole area)	$1,178	$1,203	$1,423	$1,732	$1,977	—
ZIP 14301	$890	$910	$1,080	$1,310	$1,500	$748
ZIP 14302	$890	$910	$1,080	$1,310	$1,500	—
ZIP 14303	$970	$990	$1,170	$1,420	$1,630	$862
ZIP 14305 (87% of the ZIP’s land is in this place)	$1,100	$1,120	$1,330	$1,620	$1,850	$896
ZIP 14304 (58% of the ZIP’s land is in this place)	$1,050	$1,070	$1,270	$1,550	$1,760	$971

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Niagara Falls

What is the Section 8 payment standard in Niagara Falls?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Buffalo-Cheektowaga, NY MSA is $1,423, and the Small Area figure for 14301 is $1,080.

What is the Fair Market Rent for a two-bedroom in ZIP 14301?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 14301 is $1,080 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $748 (±$66).

What is the Fair Market Rent for a two-bedroom in ZIP 14302?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 14302 is $1,080 a month.

What is the Fair Market Rent for a two-bedroom in ZIP 14303?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 14303 is $1,170 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $862 (±$60).

What is the Fair Market Rent for a one-bedroom in Niagara Falls?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 14301 is $910 a month, against $1,203 across the Buffalo-Cheektowaga, NY MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.