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City in Ontario

Condos for rent in Niagara Falls

Name: HOMEH Market Pulse — Niagara Falls closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

There are 19 condos and apartments for rent in Niagara Falls today, with a median rent of $2,450/mo (+9% vs. all rentals in Niagara Falls). 6 are 1-bedroom condos for rent. The most active neighbourhoods are Oldfield, Brown and Arad/Fallsview.

family-friendly active community-focused

94,415 people lived in Niagara Falls at the 2021 Census, in 37,785 households. 70% of households owned their home and 30% rented. The most common homes were single-detached houses (66%) and low-rise apartments (13%). 61% of homes were built before 1981, and 11% since 2011. 92% of commuters went to work by car and 1% by public transit.

High walkability score: 8

Niagara Falls, Ontario

Niagara Falls Condo Rentals

Day to dayLivability

Walkability

out of 100 · averaged over 27,167 past and present listings

Average walk score reported on listings here

7.1

Schools near listings

out of 10 · averaged over 27,167 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$599,999

16% below Ontario

In Niagara Falls

$599,999

In Ontario

$716,900

Median monthly rent

$2,250/mo

10% below Ontario

In Niagara Falls

$2,250

In Ontario

$2,499

$469

Per square foot

≈ 22.2 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

634

Median $599,999

Houses 525 · Condos 109

For rent

214

Median $2,250

Houses 165 · Condos 49

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Affordable compared to provincial median prices
Strong walkability for easy access to amenities
Diverse housing options available
Good community feel with a population of 88,071

Keep in mind

Median rent is higher than provincial average
Limited schools in the area

The feel of the placeLifestyle

Daily life in Niagara Falls is active and community-oriented, with access to parks and public transit. Residents enjoy a mix of urban and natural environments.

Great for first-time buyers families renters

Within the boundaryWhat's nearby

The boundary

225.6 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

162

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 225.6 km² of Niagara Falls. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.2/10

Average rating of the 33 rated schools in this area

Elementary

Secondary

John Marshall Public School
Public · Grades JK–8 · DSB Niagara
10.0/107.6 over 5 yrs
1st of 3,045 Ontario elementary schools
260 students · EQAO 2024-2025
St Vincent de Paul Catholic Elementary School
Catholic · Grades JK–8 · Niagara CDSB
10.0/108.6 over 5 yrs
1st of 3,045 Ontario elementary schools
260 students · EQAO 2024-2025
Father Hennepin Catholic Elementary School
Catholic · Grades JK–8 · Niagara CDSB
9.1/107.3 over 5 yrs
77th of 3,045 Ontario elementary schools
310 students · EQAO 2024-2025
Prince Philip Public School
Public · Grades 1–8 · DSB Niagara
8.9/10
108th of 3,045 Ontario elementary schools
520 students · EQAO 2024-2025
Kate S Durdan Public School
Public · Grades JK–8 · DSB Niagara
8.8/108.0 over 5 yrs
118th of 3,045 Ontario elementary schools
480 students · EQAO 2024-2025
Orchard Park Public School
Public · Grades JK–8 · DSB Niagara
8.4/107.2 over 5 yrs
209th of 3,045 Ontario elementary schools
340 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Niagara Falls, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

94,415

Population (2021)

210.3 km²

Area

449

People per km²

45.5

Median age

$79,733

Median income

70%

Own their home

2.5

People per household

37,785

Households

Every age

Children (under 15)14.7%
Working age (15–64)63.4%
Seniors (65+)21.9%

What is built here

Detached houses66.1%
Semi-detached5.4%
Townhouses7.4%
Duplexes3.3%
Low-rise apartments13.1%
High-rise apartments4.2%

Own or rent

70%Owners

30%Renters

Across 37,785 households

When it was built

Mostly 1960 or earlier

1960 or earlier31%
1961–198030%
1981–199011%
1991–20009%
2001–20053%
2006–20104%
2011–20155%
2016–20217%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

22.8%
Born outside Canada: 19.3%
Hold a degree or higher: 45.5%
Employment rate: 1.3%
Commute by transit: 92.1%
Commute by car: 1.7
Children per family: $71,329
Median income after tax: $93,193
Average household income: 11.5%
Living on a low income: $1,340/mo
Renters pay, per month: $1,193/mo
Owners pay, per month: $575,163
Median home value at census: 36.4%
Renters spending 30%+ of income on housing: 15.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 148 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Condo apartments only Through September 2026 Moderate sales history

What Condos Rent For in Niagara Falls

At least 67 condos were leased in Niagara Falls over the 12 months to September 2026. Half leased above $2,059 and half below, 1.8% lower than the 12 months before. A typical condo found its tenant in 33 days.

5 of the last 12 months had at least 5 closed condos sales in Niagara Falls. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median rent: $2,059; -1.8% year over year
Days to lease: 33; Unchanged
Leases closed: 67; last 12 months
Rent per square foot: $2.31/mo; from 67 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one condo here differs from the next.

$3,105$2,598$2,090$1,583

Apr ’24Jan ’25Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,975/mo

on a $3,000 asking rent — under ask by $25

−10%Asking rent+10%

Of the asking rent: 99.2%
Leased over asking: 6%

From 67 leases that closed here in the last 12 months.

Rent or buy in Niagara Falls

17 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$420,957

30 sales

Median rent

$2,059/mo

67 leases

Gross rental yield

5.87%

before costs

Both figures come from deals that actually closed in Niagara Falls over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

How fast it moves

Median days on market, month by month. Taller means slower.

Jul 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Niagara Falls, rentals

Monthly closed leases in Niagara Falls
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	5	$1,950	$1,850 – $1,975	53	100.0%
Aug 2026	10	$1,825	$1,796 – $2,251	13	100.0%
Jul 2026	7	$2,150	$1,900 – $2,450	15	97.6%
Jun 2026	7	$2,150	$2,075 – $2,175	40	100.0%
May 2026	8	$2,200	$2,075 – $2,315	60	100.0%
Apr 2026	5	$2,200	$1,888 – $2,200	58	95.7%
Mar 2026	9	$2,250	$2,200 – $2,510	23	100.0%
Dec 2025	8	$1,925	$1,731 – $2,000	30	98.7%
Oct 2025	8	$1,948	$1,688 – $2,225	25	99.3%
Sep 2025	6	$1,950	$1,825 – $2,075	9	100.0%
Aug 2025	9	$2,300	$2,200 – $2,400	27	100.0%
Jul 2025	10	$1,995	$1,895 – $2,375	35	100.0%
Jun 2025	10	$2,050	$1,863 – $2,138	18	100.0%
May 2025	8	$2,125	$1,988 – $2,249	25	100.0%
Apr 2025	9	$2,000	$1,800 – $2,200	21	100.0%
Mar 2025	6	$2,075	$1,913 – $2,200	47	100.0%
Feb 2025	7	$2,000	$1,925 – $2,100	47	100.0%
Jan 2025	5	$2,150	$2,000 – $2,300	51	100.0%
Dec 2024	5	$2,100	$1,900 – $2,200	51	100.0%
Nov 2024	10	$2,250	$1,963 – $2,450	22	100.0%
Oct 2024	12	$2,117	$1,916 – $2,275	54	98.0%
Sep 2024	14	$2,300	$1,938 – $2,575	21	100.0%
Aug 2024	11	$2,200	$1,850 – $2,300	31	100.0%
Jul 2024	13	$2,200	$2,150 – $2,500	37	100.0%
Jun 2024	9	$2,200	$1,888 – $3,000	38	100.0%
May 2024	9	$2,050	$1,800 – $2,100	60	100.0%
Apr 2024	8	$2,350	$2,100 – $2,361	43	100.0%

What people ask about Niagara Falls

How much is rent for a condo in Niagara Falls?

The median condo lease in Niagara Falls closed at $2,059 a month over the 12 months to September 2026, across at least 67 leases.

Compiled by HOMEH from leases reported closed in Niagara Falls on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.

Questions, answered

Common questions about condos for rent in Niagara Falls

How much is a condo to rent in Niagara Falls?

The median rent of the 19 condos for rent in Niagara Falls is $2,450/mo. By size, the median is $1,875/mo for 1 bedroom and $2,450/mo for 2 bedrooms.

All rentals in Niagara Falls

Are there furnished condos for rent in Niagara Falls?

Yes. 3 of the 19 condos for rent in Niagara Falls are listed furnished.

All rentals in Niagara Falls

Keep looking

More Rentals in Niagara Falls

214 homes are for rent in Niagara Falls. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.