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May 2026 · Niagara Falls
Average Rent in Niagara Falls — May 2026
56 confirmed residential leases in Niagara Falls in May 2026. Average rent $2,313/month. Mixed conditions across property types.
Avg Lease Price $2,313/mo
Median Lease $2,275/mo
Avg Asking $2,316/mo
Lease / Ask 99.9%
Leased Over Asking 21.4%
Avg DOM 31 days
Previous Months
Total Leased
56
all residential
Avg Lease Price
$2,313
per month
Median Lease
$2,275
mid-point
Lease / Ask
99.9%
avg ratio
Over Asking
21.4%
of all leases
Avg DOM
31
days on market
Lease Prices by Property Type
Niagara Falls · May 2026
💰 Lease Price Summary
Average Lease $2,313/mo
Median Lease $2,275/mo
Avg Asking Rent $2,316/mo
Lowest Lease $1,050
Highest Lease $3,400
Lease / Ask Ratio 99.9%
📊 Market Activity
Leased over asking 21.4%
Leased at asking 55.4%
Leased under asking 23.2%
Avg Days on Market 31 days
Fast · 050Slow · 100+
⚖️ Balanced — 21.4% over vs 23.2% under asking.
💰 Lease Price Summary
Average Lease $2,248/mo
Median Lease $2,200/mo
Avg Asking Rent $2,232/mo
Lowest Lease $1,800
Highest Lease $2,950
Lease / Ask Ratio 100.7%
📊 Market Activity
Leased over asking 29.4%
Leased at asking 64.7%
Leased under asking 5.9%
Avg Days on Market 35 days
Fast · 050Slow · 100+
⚖️ Balanced — 29.4% over vs 5.9% under asking.
💰 Lease Price Summary
Average Lease $2,414/mo
Median Lease $2,400/mo
Avg Asking Rent $2,412/mo
Lowest Lease $1,050
Highest Lease $3,400
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 20.0%
Leased at asking 56.7%
Leased under asking 23.3%
Avg Days on Market 29 days
Fast · 050Slow · 100+
⚖️ Balanced — 20% over vs 23.3% under asking.
💰 Lease Price Summary
Average Lease $2,237/mo
Median Lease $2,250/mo
Avg Asking Rent $2,260/mo
Lowest Lease $1,400
Highest Lease $2,900
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 26.7%
Leased at asking 46.7%
Leased under asking 26.7%
Avg Days on Market 24 days
Fast · 050Slow · 100+
⚖️ Balanced — 26.7% over vs 26.7% under asking.
💰 Lease Price Summary
Average Lease $1,783/mo
Median Lease $1,650/mo
Avg Asking Rent $1,800/mo
Lowest Lease $1,450
Highest Lease $2,250
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 66.7%
Leased under asking 33.3%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 33.3% under asking.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| St Catharines | $2,133 | $2,200 | 99.2% | 23d | ⚖️ Balanced |
| Fort Erie | $2,200 | $2,300 | 99.3% | 34d | ⚖️ Balanced |
| Welland | $2,126 | $2,200 | 100.2% | 44d | ⚖️ Balanced |
| Niagara On The Lake | $2,172 | $1,960 | 98.7% | 19d | 🧊 Renter-Friendly |
| Thorold | $2,362 | $2,400 | 99.2% | 35d | ⚖️ Balanced |
Frequently Asked Questions
Niagara Falls · May 2026
The average confirmed lease in Niagara Falls was $2,313/month in May 2026,
based on 56 MLS® transactions. The median was
$2,275/month.
Condos averaged $2,248/mo, freehold averaged $2,414/mo, and townhouses averaged $2,237/mo.
Units in Niagara Falls took an average of 31 days to lease in May 2026.
Freehold rentals averaged 29 days while condos averaged 35 days.
In May 2026, condos averaged $2,248/month while freehold rentals averaged $2,414/month —
a difference of $166/month.
Niagara Falls averaged $2,313/month in May 2026. Thorold averaged $2,362/mo. Fort Erie averaged $2,200/mo. See the full May 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.
