
Cheap Apartments for Rent in the Valley Neighborhood of Buffalo, NY from $500 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Valley area of Buffalo.


187 Melrose

Ellicott Town Center

Total Monthly Price
1132 E Lovejoy St, Unit Upper Rear

226 Longnecker St

1305 Bailey Ave

Total Monthly Price
40 Ryan St, Unit Ryan

111 Southside Pkwy

The Buffalo Lafayette
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

406 Fulton St, Unit Lower

AP Lofts

Total Monthly Price
Antrim Apartments

South City Apartments

Steeple Bay Estates

Total Monthly Price
131 Southside Pkwy, Unit 3

Total Monthly Price
220 Stevenson St, Unit Lower Front

Total Monthly Price
314 Davey St, Unit 314 Davey Upper

122 Spaulding St
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.

Ellicott Homes

Towne Gardens

Holling Place Apartments

AC Lofts

201 Ellicott

950 Broadway St

49 Johnson Park

The Graystone

Hydraulics Lofts
Cash 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.

Touraine Apartments

The Forge on Broadway

Carriage House Square

McDermott Lofts

Seneca Street Lofts

Ellicott Park Townhomes

201 West Huron

The Barrel Factory Lofts

243 Niagara St
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.

IS Lofts
Valley, Buffalo, NY Local Guide

How much does it cost to rent an apartment in Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Valley Studio Apartments | $1,520 | $750 | $2,150 |
| Valley 1 Bedroom Apartments | $1,513 | $704 | $2,000 |
| Valley 2 Bedroom Apartments | $1,713 | $700 | $2,925 |
| Valley 3 Bedroom Apartments | $1,471 | $1,100 | $3,200 |
| Valley 4 Bedroom Apartments | $1,406 | $862 | $1,758 |
Browse Apartments in this Neighborhood
There are currently 37 rentals with your search options within a 2 mile radius of the Valley Neighborhood of Buffalo, NY.
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Valley, Buffalo, NY Local Guide
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Cheapest Available Valley Apartments for Rent
 The cheapest available apartment rental in the Valley area of Buffalo, NY is a 1 Bed unit found at AP Lofts priced from $1,028. Antrim Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,050. Here are the most affordable Valley apartments for rent in Buffalo, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| AP Lofts | 1 Bedroom | 1BR,1BA | $1,028 |
| Antrim Apartments | Retreat | 2BR,1BA | $1,050 |
| Steeple Bay Estates | 2BD1BA | 2BR,1BA | $1,100 |
| IS Lofts | 1BR/1.0BA | 1BR,1BA | $1,100 |
| Pine Harbor Apartments | One Bed / One Bath | 1BR,1BA | $1,136 |
| 130 Pearl St | 1/1 | 1BR,1BA | $1,285 |
| AM&A's Warehouse Lofts | 1BR/1.0BA | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Valley, NY
As of July 15, 2026 the best value apartment in the Valley area is the $1.56 price per square foot 2 Bedroom 1 Bathroom Model at The Lofts at Elk Terminal in the in the Downtown Buffalo neighborhood starting from $2,150. The second greatest value Valley apartment is the 118 Whitney Pl Model at 118 Whitney Pl, Unit 118 Whitney Place upper starting at $1,300 with a $1.08 price per square foot in the Central Buffalo neighborhood. Here is today’s list of the best values for Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Lofts at Elk Terminal | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.56 |
| 118 Whitney Pl, Unit 118 Whitney Place upper | 118 Whitney Pl | 2BR,1BA | $1.08 |
| 109 Unger Ave, Unit Upper | 109 Unger Ave | 3BR,1BA | $1.15 |
| 314 Davey St, Unit 314 Davey Upper | 314 Davey St | 3BR,1BA | $1.09 |
| 131 Southside Pkwy, Unit 3 | 131 Southside Pkwy | 2BR,1BA | $1.10 |
| AP Lofts | 1 Bedroom | 1BR,1BA | $1.11 |
| IS Lofts | 1BR/1.0BA | 1BR,1BA | $1.38 |
| AM&A's Warehouse Lofts | 1BR/1.0BA | 1BR,1BA | $1.70 |
| Steeple Bay Estates | 2BD1BA | 2BR,1BA | $1.47 |
| 220 Stevenson St, Unit Lower Front | 220 Stevenson St | 2BR,1BA | $1.47 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Best Local Schools in Valley, Buffalo, NY
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in metropolitan areas across the United States, including Buffalo. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, transit availability, pet-friendly communities, family-friendly amenities, and more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Valley Apartments
What is the price of a cheap apartment in Valley?
The cheapest apartment in Valley is AP Lofts which is listed at $1,028, while the average apartment in Valley costs $6,000.
What types of apartments are the cheapest in Valley?
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 8 regular apartments in Valley 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 Valley?
Cheap apartments in Valley have an average cost of $427 which is $5,573 cheaper than the average rent for all rentals in Valley.
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.
Helpful Local Expert Guides

A Local Expert's 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.

Local Guide To the Best Budget-Friendly Neighborhoods to Rent in Buffalo
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Buffalo has emerged as one of the nation’s hottest real estate markets for good reason.

Top Neighborhoods to Rent Near Major Employers in Buffalo
Written by: Patrick Ryan
Buffalo is quickly becoming one of the nation’s hottest housing markets. Featuring easy lake access, reasonably priced homes and apartments, mild summers and a burgeoning economy, Buffalo is now a magnet for movers and shakers.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.