
Cheap Apartments for Rent in the Elmwood Neighborhood of Buffalo, NY from $300 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elmwood area of Buffalo.


256 14th St

The Residence on North

Sheldon Apartments

116 Herkimer St, Unit 3

193 Massachusetts Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

130 Parkdale Ave

136 Parkdale Ave

Linwood Lafayette Senior Apartments

North Court

The Elmwood Villas

Noles Court
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1100 Michigan Ave.

Fairfax House

Corporate Manor Apartments

Brent Manor Apartments

209 Elmwood Ave

228 Summer St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Commodore Apartments

Willow Grove Apartments

722 W Delavan Ave

209 Summer St

The Mansion

Melbourne Court Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

257 Summer St
Elmwood, Buffalo, NY Local Guide

How much does it cost to rent an apartment in Elmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood Studio Apartments | $1,186 | $358 | $1,650 |
| Elmwood 1 Bedroom Apartments | $1,373 | $376 | $2,350 |
| Elmwood 2 Bedroom Apartments | $1,765 | $445 | $3,225 |
| Elmwood 3 Bedroom Apartments | $1,764 | $989 | $3,500 |
| Elmwood 4 Bedroom Apartments | $1,999 | $1,699 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 1 mile radius of the Elmwood Neighborhood of Buffalo, NY.
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Elmwood, Buffalo, NY Local Guide
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Cheapest Available Elmwood Apartments for Rent
 The cheapest available apartment rental in the Elmwood area of Buffalo, NY is a 1 Bed unit found at Sheldon Apartments priced from $899. The Residence on North has the second lowest priced unit, which is a 1 Bed apartment currently listed from $944. Here are the most affordable Elmwood apartments for rent in Buffalo, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sheldon Apartments | 1 Bedroom | 1BR,1BA | $899 |
| The Residence on North | One Bedroom | 1BR,1BA | $944 |
| Ashland Avenue Apartments | Studio W/Den | Studio,1BA | $950 |
| 277 Linwood Ave | 1 bedroom suite | 1BR,1BA | $950 |
| Lafayette Apartments | studio | Studio,1BA | $960 |
Best Value Apartments for Rent in Elmwood, NY
As of February 05, 2026 the best value apartment in the Elmwood area is the $0.64 price per square foot 257 Richmond Ave Model at 257 Richmond Ave, Unit 3 in the in the West Side neighborhood starting from $1,150. The second greatest value Elmwood apartment is the 35 Ashland Ave Model at 35 Ashland Ave, Unit 2 starting at $1,600 with a $1.00 price per square foot in the West Side neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 257 Richmond Ave, Unit 3 | 257 Richmond Ave | 2BR,1BA | $0.64 |
| 35 Ashland Ave, Unit 2 | 35 Ashland Ave | 2BR,1BA | $1.00 |
| 402 W Ferry St, Unit 1 | 402 W Ferry St | 3BR,1BA | $1.00 |
| 693 Linwood Ave, Unit 693 Linwood Ave | 693 Linwood Ave | 3BR,1BA | $1.31 |
| 482 West Ferry, Unit 482 Upper Unit | 482 West Ferry | 2BR,1BA | $1.23 |
| 844 Richmond Ave | 2 bedroom townhouse | 2BR,1BA | $1.18 |
| Lafayette-Barton | 2 Bedroom, 1 Bath | 2BR,1BA | $1.22 |
| 405 Elmwood Ave | 2 bd 1 bth | 2BR,1BA | $1.20 |
| The Residence on North | One Bedroom | 1BR,1BA | $1.05 |
| 277 Linwood Ave | 1 bedroom suite | 1BR,1BA | $1.19 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleTop Neighborhoods Near Buffalo Colleges and Universities
Learn about the best Buffalo neighborhoods for student renters by our Buffalo, NY Local Expert Patrick Ryan
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Buffalo, NY. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, transit availability, pet-friendly communities, family-friendliness, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Elmwood Apartments
What is a cheap apartment in Elmwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood is under $1,045.
What is the price of a cheap apartment in Elmwood?
The cheapest apartment in Elmwood is Sheldon Apartments which is listed at $899, while the average apartment in Elmwood costs $1,999.
What types of apartments are the cheapest in Elmwood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Elmwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Elmwood?
Cheap apartments in Elmwood have an average cost of $190 which is $1,809 cheaper than the average rent for all rentals in Elmwood.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Local Experts Guide to the Top Neighborhoods for College Renters in Buffalo, NY
Written by: Patrick Ryan
There’s nothing better than living in a college town. The setting is vibrant, the people are happy and there’s always a good time to be had.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.