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May 2025 · Niagara Falls
Average Rent in Niagara Falls — May 2025
44 confirmed residential leases in Niagara Falls in May 2025. Average rent $2,283/month. Mixed conditions across property types.
Avg Lease Price $2,283/mo
Median Lease $2,200/mo
Avg Asking $2,310/mo
Lease / Ask 98.8%
Leased Over Asking 6.8%
Avg DOM 46 days
Total Leased
44
all residential
Avg Lease Price
$2,283
per month
Median Lease
$2,200
mid-point
Lease / Ask
98.8%
avg ratio
Over Asking
6.8%
of all leases
Avg DOM
46
days on market
Lease Prices by Property Type
Niagara Falls · May 2025
💰 Lease Price Summary
Average Lease $2,283/mo
Median Lease $2,200/mo
Avg Asking Rent $2,310/mo
Lowest Lease $1,150
Highest Lease $3,500
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 6.8%
Leased at asking 65.9%
Leased under asking 27.3%
Avg Days on Market 46 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.8% over vs 27.3% under asking.
💰 Lease Price Summary
Average Lease $2,137/mo
Median Lease $2,200/mo
Avg Asking Rent $2,160/mo
Lowest Lease $1,150
Highest Lease $2,600
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 58.3%
Leased under asking 33.3%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $2,423/mo
Median Lease $2,350/mo
Avg Asking Rent $2,450/mo
Lowest Lease $1,350
Highest Lease $3,500
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 68.2%
Leased under asking 22.7%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 22.7% under asking.
💰 Lease Price Summary
Average Lease $2,390/mo
Median Lease $2,350/mo
Avg Asking Rent $2,407/mo
Lowest Lease $2,190
Highest Lease $2,600
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 72.7%
Leased under asking 27.3%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 27.3% under asking.
💰 Lease Price Summary
Average Lease $1,667/mo
Median Lease $1,850/mo
Avg Asking Rent $1,733/mo
Lowest Lease $1,200
Highest Lease $1,950
Lease / Ask Ratio 96.2%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 66.7%
Leased under asking 33.3%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 33.3% under asking.
Nearby Cities · May 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| St Catharines | $2,203 | $2,150 | 101.1% | 54d | ⚖️ Balanced |
| Fort Erie | $2,391 | $2,400 | 100.0% | 55d | ⚖️ Balanced |
| Welland | $2,225 | $2,250 | 100.7% | 56d | ⚖️ Balanced |
| Niagara On The Lake | $3,650 | $3,750 | 99.1% | 51d | ⚖️ Balanced |
| Thorold | $2,504 | $2,495 | 98.7% | 48d | ⚖️ Balanced |
Frequently Asked Questions
Niagara Falls · May 2025
The average confirmed lease in Niagara Falls was $2,283/month in May 2025,
based on 44 MLS® transactions. The median was
$2,200/month.
Condos averaged $2,137/mo, freehold averaged $2,423/mo, and townhouses averaged $2,390/mo.
Units in Niagara Falls took an average of 46 days to lease in May 2025.
Freehold rentals averaged 44 days while condos averaged 56 days.
In May 2025, condos averaged $2,137/month while freehold rentals averaged $2,423/month —
a difference of $286/month.
Niagara Falls averaged $2,283/month in May 2025. Fort Erie averaged $2,391/mo. Welland averaged $2,225/mo. See the full May 2025 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.
