What HUD offices serve Niagara Falls, New York?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Niagara Falls.
How many renters live in Niagara Falls, New York?
The City of Niagara Falls has people living in households.
There are renters living in renter households in this City. Renters make up 42.01 percent of the population living in Niagara Falls.
What is the rental market like in Niagara Falls, New York?
There are an estimated housing units in the Niagara Falls area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Niagara Falls, New York, there are 1.09 rental units.
What is the vacancy rate for rentals in Niagara Falls?
The rental vacancy rate in Niagara Falls is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Niagara Falls for each bedroom size?
Occupied Rental Units by Size in Niagara Falls
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 396 | 2,026 | 4,273 | 2,569 | 499 |
Occupied Rental Units by Size in Niagara Falls
A large number of apartments in Niagara Falls have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Niagara Falls
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $951 to $1,604. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $951 |
| One BR | $992 |
| Two BR | $1,163 |
| Three BR | $1,424 |
| Four BR | $1,604 |
2024 Fair Market Rents in Niagara Falls, New York
How many units are rented at Fair Market Rent (FMR) in Niagara Falls?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 305 | 77 percent |
| One BR | 1,913 | 94 percent |
| Two BR | 3,444 | 81 percent |
Rental Units Below FMR in Niagara Falls, New York
How many affordable rental units are in Niagara Falls?
There are a variety of federal affordable housing programs serving households in Niagara Falls, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Mod Rehab Project-Based Rental Assistance |
Tracked Units by Federal Program in Niagara Falls, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Niagara Falls, New York
Niagara Falls features 1,413 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Niagara Falls, New York
There are 879 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Niagara Falls.
Housing Choice Vouchers in Niagara Falls, New York
On average, Section 8 Housing Choice vouchers pay Niagara Falls landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Niagara Falls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Niagara Falls, New York for a two-bedroom apartment is between $1,047 and $1,279.
Sourced from federal housing data and AffordableHousingOnline.com research.