Real Estate for Rent in Downtown, Niagara Falls, ON
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Neighbourhood in Niagara Falls
Downtown
Downtown Niagara Falls is a vibrant area with a mix of residential and commercial spaces. It offers a lively atmosphere with various amenities and services.
At a glance
Listed 2 days ago
4895 Crysler Avenue
Niagara Falls (Downtown), ON L2E 3W5
DetachedFor Rent
Listed 2 days ago
4499 Fourth Avenue
Niagara Falls (Downtown), ON L2E 4N4
DetachedFor Rent
Listed 3 days ago
4319 Seneca Street
Niagara Falls (Downtown), ON L2E 1G5
DetachedFor Rent
Listed 7 days ago
Unit 333, 4263 Fourth Avenue
Niagara Falls (Downtown), ON L2E 0C2
Condo TownhouseFor Rent
Day to dayLivability
6.8
Schools near listings
out of 10 · averaged over 65 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
$527,450
In Downtown
$527,450
In Niagara Falls
$599,999
In Ontario
$714,900
Median monthly rent
$1,895/mo
In Downtown
$1,895
In Niagara Falls
$2,250
In Ontario
$2,500
≈ 23.2 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
78
Median $527,450
Houses 66 · Condos 12
For rent
29
Median $1,895
Houses 21 · Condos 8
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-18. 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 city averages
- Community-oriented with local events
- Variety of dining options
- Walkable area with essential services
Keep in mind
- Higher renter percentage
- Limited gym and pharmacy options
The feel of the placeLifestyle
Daily life in Downtown is active and social, with many local shops and eateries. Residents enjoy a mix of urban conveniences and community feel.
Within the boundaryWhat's nearby
The boundary
4.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
8
Parks
7
Playgrounds
1
Transit stations
2
Grocery stores
8
Restaurants
1
Cafés
1
Libraries
Counted across all 4.4 km² of Downtown. From OpenStreetMap, as of 2026-10-19.
The schoolsWhich schools, and how they rate
7.3/10
Average rating of the 1 rated school in this area
3
Elementary
1
Secondary
Simcoe Street Public School
Public · Grades JK–8 · DSB Niagara
7.3/105.7 over 5 yrs687th of 3,045 Ontario elementary schools
285 students · EQAO 2024-2025
Kent School
Independent
Not rated
Millwoods International School
Independent
Not rated
Niagara Centre Academy
Independent
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Downtown, 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
4,850
Population (2021)
3.9 km²
Area
1,241
People per km²
45.5
Median age
$49,024
Median income
42%
Own their home
2
People per household
2,375
Households
Every age
- Children (under 15)12.9%
- Working age (15–64)67.9%
- Seniors (65+)19.3%
What is built here
- Detached houses41.9%
- Semi-detached2.3%
- Townhouses0.8%
- Duplexes13.5%
- Low-rise apartments24.1%
- High-rise apartments17.1%
Own or rent
42%Owners
58%Renters
Across 2,375 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier65%
- 1961–198024%
- 1981–19904%
- 1991–20002%
- 2001–20050%
- 2006–20100%
- 2011–20150%
- 2016–20211%
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.
- 23.1%
- Born outside Canada
- 14.5%
- Hold a degree or higher
- 41.5%
- Employment rate
- 2.5%
- Commute by transit
- 85.3%
- Commute by car
- 1.6
- Children per family
- $45,777
- Median income after tax
- $56,507
- Average household income
- 27.4%
- Living on a low income
- $1,033/mo
- Renters pay, per month
- $991/mo
- Owners pay, per month
- $416,594
- Median home value at census
- 45.9%
- Renters spending 30%+ of income on housing
- 16.5%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 10 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
What homes in Downtown actually rent for
66 homes were leased in Downtown over the 12 months to September 2026. Half leased above $1,826 and half below, 6.6% lower than the 12 months before. A typical home found its tenant in 35 days — 8 days slower than a year ago.
- Median rent
- $1,826
- -6.6% year over year
- Days to lease
- 35
- 8 days slower
- Leases closed
- 66
- last 12 months
- Rent per square foot
- $1.95/mo
- from 52 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 home here differs from the next.
What renters actually paid
$2,996/mo
on a $3,000 asking rent — under ask by $4
- Of the asking rent
- 99.9%
- Leased over asking
- 9.1%
From 66 leases that closed here in the last 12 months.
Rent or buy in Downtown
17.8 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$390,658
74 sales
Median rent
$1,826/mo
66 leases
Gross rental yield
5.61%
before costs
Both figures come from deals that actually closed in Downtown 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.
Terracotta marks the last 12 months.
Every month behind these charts — Downtown, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 8 | $1,650 | $1,325 – $1,895 | 32 | 100.0% |
| Aug 2026 | 10 | $1,905 | $1,338 – $2,300 | 45 | 99.2% |
| Jul 2026 | 5 | $1,619 | $1,494 – $1,995 | 35 | 100.0% |
| Jun 2026 | 5 | $1,650 | $1,600 – $2,200 | 22 | 100.0% |
| May 2026 | 3 | Not enough leases this month to report a median | |||
| Apr 2026 | 6 | $1,850 | $1,700 – $2,300 | 36 | 100.0% |
| Mar 2026 | 8 | $1,700 | $1,650 – $1,924 | 39 | 100.0% |
| Feb 2026 | 6 | $1,800 | $1,781 – $1,950 | 38 | 100.0% |
| Jan 2026 | 1 | Not enough leases this month to report a median | |||
| Dec 2025 | 5 | $1,900 | $1,795 – $1,950 | 11 | 100.0% |
| Nov 2025 | 5 | $2,050 | $1,795 – $2,200 | 21 | 100.0% |
| Oct 2025 | 4 | Not enough leases this month to report a median | |||
| Sep 2025 | 7 | $1,900 | $1,825 – $2,325 | 35 | 100.0% |
| Aug 2025 | 6 | $1,823 | $1,795 – $1,925 | 13 | 100.0% |
| Jul 2025 | 1 | Not enough leases this month to report a median | |||
| Jun 2025 | 4 | Not enough leases this month to report a median | |||
| May 2025 | 2 | Not enough leases this month to report a median | |||
| Apr 2025 | 1 | Not enough leases this month to report a median | |||
| Mar 2025 | 3 | Not enough leases this month to report a median | |||
| Feb 2025 | 2 | Not enough leases this month to report a median | |||
| Jan 2025 | 4 | Not enough leases this month to report a median | |||
| Dec 2024 | 2 | Not enough leases this month to report a median | |||
| Nov 2024 | 4 | Not enough leases this month to report a median | |||
| Oct 2024 | 5 | $2,400 | $1,850 – $2,450 | 21 | 100.0% |
| Sep 2024 | 9 | $1,600 | $1,500 – $1,800 | 12 | 100.0% |
| Aug 2024 | 9 | $1,900 | $1,850 – $2,200 | 35 | 100.0% |
| Jul 2024 | 5 | $1,995 | $1,950 – $2,150 | 22 | 100.0% |
| Jun 2024 | 4 | Not enough leases this month to report a median | |||
| May 2024 | 4 | Not enough leases this month to report a median | |||
| Apr 2024 | 3 | Not enough leases this month to report a median | |||
| Mar 2024 | 7 | $2,300 | $1,775 – $2,600 | 29 | 100.0% |
| Feb 2024 | 2 | Not enough leases this month to report a median | |||
| Jan 2024 | 3 | Not enough leases this month to report a median | |||
| Dec 2023 | 3 | Not enough leases this month to report a median | |||
| Nov 2023 | 2 | Not enough leases this month to report a median | |||
| Oct 2023 | 3 | Not enough leases this month to report a median | |||
20 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.
What people ask about Downtown
How much does a home cost in Downtown?
Homes in Downtown sold for a median of $390,658 over the 12 months to September 2026, across 74 closed sales — half sold for more and half for less. That is 6.3% lower than the 12 months before it.
How long does it take to sell a home in Downtown?
A home in Downtown took a median of 49 days on the market over the 12 months to September 2026. Homes there closed at 94.3% of the asking price on average, with 5.4% selling over asking.
How much is rent in Downtown?
The median lease in Downtown closed at $1,826 a month over the 12 months to September 2026, across 66 leases.
Is it cheaper to rent or buy in Downtown?
A home in Downtown costs about 17.8 years of the rent on one — the median price of $390,658 against a median rent of $1,826 a month, a gross yield of 5.61%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Downtown 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 home. Not an appraisal or an opinion of value.
A condo here is its own market
4 condo apartments and 14 condo townhouses are on the market in Downtown right now. Too few have closed here in the last year for us to publish a median we would stand behind.