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February 2026 · Niagara Falls
Average Rent in Niagara Falls — February 2026
38 confirmed residential leases in Niagara Falls in February 2026. Average rent $2,412/month. Mixed conditions across property types.
Avg Lease Price $2,412/mo
Median Lease $2,300/mo
Avg Asking $2,424/mo
Lease / Ask 99.5%
Leased Over Asking 13.2%
Avg DOM 58 days
Total Leased
38
all residential
Avg Lease Price
$2,412
per month
Median Lease
$2,300
mid-point
Lease / Ask
99.5%
avg ratio
Over Asking
13.2%
of all leases
Avg DOM
58
days on market
Lease Prices by Property Type
Niagara Falls · February 2026
💰 Lease Price Summary
Average Lease $2,412/mo
Median Lease $2,300/mo
Avg Asking Rent $2,424/mo
Lowest Lease $1,580
Highest Lease $3,500
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 13.2%
Leased at asking 60.5%
Leased under asking 26.3%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.2% over vs 26.3% under asking.
💰 Lease Price Summary
Average Lease $2,332/mo
Median Lease $2,200/mo
Avg Asking Rent $2,347/mo
Lowest Lease $1,775
Highest Lease $3,400
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 80.0%
Leased under asking 20.0%
Avg Days on Market 66 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 20% under asking.
💰 Lease Price Summary
Average Lease $2,526/mo
Median Lease $2,350/mo
Avg Asking Rent $2,533/mo
Lowest Lease $1,650
Highest Lease $3,500
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 19.0%
Leased at asking 61.9%
Leased under asking 19.0%
Avg Days on Market 54 days
Fast · 050Slow · 100+
⚖️ Balanced — 19% over vs 19% under asking.
💰 Lease Price Summary
Average Lease $2,281/mo
Median Lease $2,300/mo
Avg Asking Rent $2,296/mo
Lowest Lease $1,775
Highest Lease $3,000
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 7.7%
Leased at asking 61.5%
Leased under asking 30.8%
Avg Days on Market 65 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.7% over vs 30.8% under asking.
💰 Lease Price Summary
Average Lease $1,640/mo
Median Lease $1,640/mo
Avg Asking Rent $1,642/mo
Lowest Lease $1,580
Highest Lease $1,700
Lease / Ask Ratio 99.9%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 50.0%
Leased under asking 50.0%
Avg Days on Market 52 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50% leased below asking. Avg 52 days on market.
Nearby Cities · February 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| St Catharines | $2,136 | $2,188 | 99.6% | 51d | ⚖️ Balanced |
| Fort Erie | $2,256 | $2,375 | 99.6% | 62d | ⚖️ Balanced |
| Welland | $2,067 | $2,100 | 99.4% | 52d | ⚖️ Balanced |
| Niagara On The Lake | $3,025 | $3,175 | 100.0% | 45d | ⚖️ Balanced |
| Thorold | $2,419 | $2,499 | 98.3% | 66d | ⚖️ Balanced |
Frequently Asked Questions
Niagara Falls · February 2026
The average confirmed lease in Niagara Falls was $2,412/month in February 2026,
based on 38 MLS® transactions. The median was
$2,300/month.
Condos averaged $2,332/mo, freehold averaged $2,526/mo, and townhouses averaged $2,281/mo.
Units in Niagara Falls took an average of 58 days to lease in February 2026.
Freehold rentals averaged 54 days while condos averaged 66 days.
In February 2026, condos averaged $2,332/month while freehold rentals averaged $2,526/month —
a difference of $194/month.
Niagara Falls averaged $2,412/month in February 2026. Thorold averaged $2,419/mo. Fort Erie averaged $2,256/mo. See the full February 2026 Ontario lease summary →
Looking to rent in Niagara Falls?
Browse available rentals or connect with a local agent who knows the rental market.
Data note: Based on MLS® confirmed lease transaction data held in our system for Niagara Falls, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
