Our objective was to determine the role of cooling rate on gas sensing properties of annealed nanograined nickel ferrite (NiFe2O4). The sol-gel auto combustion method was used for the preparation of NiFe2O4. To estimate structural and microstructural features, X-Ray diffraction (XRD) and scanning electron microscopy (SEM) techniques were used. For gas sensing measurements different volatile organic compounds (VOCs) were used as testing gases. To identify the contribution of the different sensing layer elements to the conduction, ac impedance spectroscopy (IS) measurements were performed. It was found that the sensors cooled with lower rate exhibited better sensing performance, due to increase of resistance. Overall, this paper covers an alternative method for modifying nickel ferrite gas sensor sensitivity.