Rent to own Homes in Buffalo, NY

The vibrant city of Buffalo has an average annual residential turnover of 14.09 percent, indicating real estate stability not often found in cities of its size. As the median home sales price of $92,000 is currently under the national median, it is a good time to invest in a house or property that you could call your own. With such good prices, you may be able to negotiate a rent to own option. Those looking for an apartment to rent should know that, while the apartment vacancy rate stands at a tight 4.1 percent, the total percentage of unoccupied housing units is 6.89 percent, indicating that it is easier to rent an apartment than any other housing type. Owner-occupied housing accounted for 50.92 percent of all the real estate in Buffalo, while 42.19 percent of properties are occupied by renters.

Buffalo, NY is a great place for affordable rent-to-own homes! With a median household income of over $39,677 and a median rent of $801, the Buffalo, NY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Buffalo, NY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Buffalo, NY rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
18 DONLEN DR
Rent To Own
Pine Hill
Single Family Home
Buffalo, NY 14225
3
1
896 ft2
1946
Hot
1345 WHITNEY AVE
Rent To Own
Little Italy
Single Family Home
Niagara Falls, NY 14301
2
1
1120 ft2
1910
125 GILBERT ST
Rent To Own
Babcock
Single Family Home
Buffalo, NY 14206
3
2
1800 ft2
1900
Hot
1 of 50 328 WOODBRIDGE AVE
Rent To Own
North Park
Single Family Home
Buffalo, NY 14214
5
4
3112 ft2
1921
1 of 45 674 MCKINLEY PKWY
Rent To Own
Abbott McKinley
Single Family Home
Buffalo, NY 14220
5
2
2410 ft2
1899
29 PROGRESSIVE AVE
Rent To Own
Riverside Park
Single Family Home
Buffalo, NY 14207
5
2
1834 ft2
1900
782 SMITH ST
Rent To Own
Emslie
Townhouse/Condo
Buffalo, NY 14206
3
1
1570 ft2
1900
730 HIGHLAND AVE
Rent To Own
Lincoln Park
Single Family Home
Buffalo, NY 14223
3
1
1154 ft2
1950
166 E SOMERSET AVE
Rent To Own
Brighton
Single Family Home
Tonawanda, NY 14150
3
2
1568 ft2
1951
Hot
1 of 29 129 PARKWOOD DR
Rent To Own
 
Single Family Home
Buffalo, NY 14226
3
3
1863 ft2
1953
Hot
1 of 23 4583 CHESTNUT RIDGE RD #12
Rent To Own
 
Townhouse/Condo
Buffalo, NY 14228
2
2
1153 ft2
1988
Hot
1 of 32 97 GREENTREE RD
Rent To Own
Green Acres North
Single Family Home
Tonawanda, NY 14150
3
2
1015 ft2
1958
Hot
1 of 16 3558 HORTON AVE
Rent To Own
 
Single Family Home
Buffalo, NY 14219
3
2
1626 ft2
1978
1 of 30 7 green meadow
Rent To Own
West Seneca
Multifamily (2 - 4 Units)
West Seneca, NY 14224
3
2
1500 ft2
1963
Hot
1 of 20 165 FOREST HILL DR
Rent To Own
 
Single Family Home
Buffalo, NY 14221
3
2
1285 ft2
1958
205 SHARON DR
Rent To Own
West Seneca
Single Family Home
Buffalo, NY 14224
3
2
2280 ft2
1969
Hot
1 of 13 75 GUILFORD LN #8
Rent To Own
 
Townhouse/Condo
Buffalo, NY 14221
2
2
1160 ft2
1968
1 of 21 4625 LOGANS LN
Rent To Own
 
Single Family Home
Hamburg, NY 14075
4
3
2112 ft2
2018
1 of 30 268 BELVOIR RD
Rent To Own
 
Single Family Home
Buffalo, NY 14221
4
3
2678 ft2
1969
1 of 9 54 Foxberry Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Getzville, NY 14068
1
1
620 ft2
1988
1153 W RIVER RD
Rent To Own
 
Single Family Home
Grand Island, NY 14072
3
2
2203 ft2
1956
1 of 2 349 FREDERICKA ST
Rent To Own
North Tonawanda
Townhouse/Condo
North Tonawanda, NY 14120
4
2
1664 ft2
1954
Hot
1 of 2 353 FREDERICKA ST
Rent To Own
North Tonawanda
Townhouse/Condo
North Tonawanda, NY 14120
4
2
1664 ft2
1955
Hot
1 of 16 499 KOHL ST
Rent To Own
North Tonawanda
Single Family Home
North Tonawanda, NY 14120
2
2
784 ft2
1953
Hot
1 of 32 4897 BEST ST
Rent To Own
 
Single Family Home
Hamburg, NY 14075
3
3
1803 ft2
1965
Hot
1 of 21 3218 RACHELLE DR
Rent To Own
 
Single Family Home
North Tonawanda, NY 14120
3
2
1669 ft2
1992
210 SAN FERNANDO LN
Rent To Own
 
Single Family Home
East Amherst, NY 14051
4
3
2065 ft2
1998
4252 FOXWOOD LN
Rent To Own
Harris Hill
Single Family Home
Buffalo, NY 14221
4
3
2340 ft2
1999
Hot
1 of 21 8340 VERNON CIR
Rent To Own
Harris Hill
Single Family Home
Buffalo, NY 14221
3
2
1250 ft2
1952
Hot
1 of 17 8421 BUFFALO AVE #1
Rent To Own
LaSalle
Townhouse/Condo
Niagara Falls, NY 14304
2
1
950 ft2
1970
6937 PLAZA DR
Rent To Own
 
Townhouse/Condo
Niagara Falls, NY 14304
9
4
3468 ft2
1995
1 of 29 200 70TH ST
Rent To Own
LaSalle
Single Family Home
Niagara Falls, NY 14304
3
1
1228 ft2
1939
1 of 23 2422 NIAGARA RD
Rent To Own
 
Single Family Home
Niagara Falls, NY 14304
3
2
1288 ft2
1930
Hot
1 of 28 14 HAMPTON CT
Rent To Own
 
Single Family Home
Lancaster, NY 14086
3
4
1978 ft2
1994
Hot
1 of 14 43 MICHAELS WALK
Rent To Own
 
Single Family Home
Lancaster, NY 14086
3
3
2050 ft2
1996
Hot
1 of 24 8870 SESH RD
Rent To Own
 
Single Family Home
Clarence Center, NY 14032
3
2
2098 ft2
1950
1 of 8 2085 Boies Rd
Rent To Own
 
Multifamily (2 - 4 Units)
East Aurora, NY 14052
3
3
1586 ft2
2014
Hot
1 of 29 11083 COLEMAN RD
Rent To Own
 
Single Family Home
Elma, NY 14059
3
1
1352 ft2
1965
11455 CARY RD
Rent To Own
 
Single Family Home
Alden, NY 14004
3
3
1418 ft2
1954
4286 RIVERWALK S
Rent To Own
 
Single Family Home
Youngstown, NY 14174
3
2
1510 ft2
2010
1 of 18 13337 Main Street
Rent To Own
 
Multifamily (2 - 4 Units)
Akron, NY 14001
4
2
1838 ft2
1 of 36 1 Main Street Unit 29
Rent To Own
 
Multifamily (2 - 4 Units)
Youngstown, NY 14174
1
1
947 ft2
1972
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Buying a Home in Buffalo, NY

Buffalo, NY is seeing rapid growth and Buffalo, NY's' housing market remains optimal with an average home price that is -54% below the 2024 national average. Buffalo, NY is part of Erie county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Erie is 2.65% which is above the national average, which is 0.99%.

Median Home Price in Buffalo, NY

Median Rent in Buffalo, NY

Rent to own homes offer low monthly payments and flexible terms.

Weather and Climate The climate in Buffalo is humid owing to the continental climate prevalent in the area. The summers in Buffalo are sunnier than in any other major city in the Northeast. With plentiful sunshine and moderate humidity, the city of Buffalo gets over 65 percent of its annual sunshine within a span of three months from June to August. The "Oasis Effect," typified by pleasant breezes originating from Lake Erie, keeps the summer humidity low and temperatures moderate. The average temperature in July is 80 degrees. Although Buffalo has a reputation for snowy winters, it isn't the snowiest place in the United States. The winters here tend to be quite long, as in most of Western New York, and typically span from mid-November to mid-March.

Outdoors Activities Buffalo has a number of outdoor activities on offer that are in huge demand year round. These range from skiing in the winters to fishing, bird watching, and boating during the warm summer months. Other popular winter activities include tobogganing, sledding, and ice fishing, and the ski slopes located in South Buffalo bring in crowds from all over the Northwest. During the summer months, you can learn to sail at one of the many sailing schools or explore on the hiking and biking trails that meander through the city. Several of these trails are part of the Erie Canalway Trail. The three major parks in Buffalo together make up the Olmstead Park System. The Buffalo Zoological Gardens, the third-oldest zoo in the country, is located on 23.5 acres of the Delaware Park, and is known for its collection of exotic animals.

Neighborhood Guide Buffalo, being one of the oldest cities in the US, has a mix of old and new neighborhoods. These are some of the more popular:Allentown: One of the first residential districts in the country, Allentown is known as a premier destination for its eclectic selection of antique stores, dining options, and vibrant nightlife. The area is home to a community of artists that give it a unique flavor. Some of the landmarks in the area include the Allendale Theater, the Kleinhans Music Hall, which is the home of the Buffalo Philharmonic Orchestra, and Arlington Park. One of the most popular events in the neighborhood is the annual Allentown Art festival.