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City in Ontario

Homes for rent under $1M in Niagara Falls

211 homes in Niagara Falls are listed for rent under $1M, which is 100% of everything for rent. Detached houses are the largest group, and the most active neighbourhoods are Downtown and Brown.

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

Homes for Rent in Niagara Falls Under $1M

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

$599,995

16% below Ontario

In Niagara Falls

$599,995

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

628

Median $599,995

Houses 526 · Condos 102

For rent

211

Median $2,250

Houses 155 · Condos 56

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 2026-10-26.

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)

Questions, answered

Common questions about homes for rent under $1M in Niagara Falls

How many homes in Niagara Falls rent for under $1M?

211 homes in Niagara Falls are listed for rent under $1M today, 100% of the 211 homes for rent. Their median rent is $2,250/mo.

All rentals in Niagara Falls

What kind of home can I rent in Niagara Falls for under $1M?

Under $1M, Niagara Falls has detached houses (95), multiplexes (23) and condo townhouses (23) for rent. Most have 1 to 4 bedrooms.

Houses for rent in Niagara Falls

Keep looking

More Rentals in Niagara Falls

211 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.