The Hammocks at MillCreek
4500 Hammocks Dr,
Erie, PA 16506
Studio - 2 Beds | $1,095 - $1,785
Rental Market Trends in Erie, PA
What is the average rent in Erie, PA?
$883/month
Average Rent
656 Sq Ft
Average Apartment Size
+3.3%
Increase in the Last Year
As of December 2024, the average rent in Erie, PA is $883 per month. This is 43% lower than the national average rent of $1,560/month, making renting in Erie more affordable than most cities in the US. When you rent an apartment in Erie, you can expect to pay about $790 per month for a studio, $883 for a one-bedroom apartment, and around $1,260 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,535 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Erie, PA?
In the past year, rent has increased by 3.3%, which averages out to $30 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Erie, PA
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
23%
Below $700/month
38%
$700 - $1,000/month
32%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Erie?
Based on current rent prices, St Mary, East Bayfront and East Erie are the most affordable neighborhoods in Erie.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Erie?
Based on current rent prices, Burton-Diehl, West Erie and South East Hills are the most expensive neighborhoods in Erie.
Neighborhood
Average Rent
Average Sq Ft
Which Erie neighborhoods have the most rentals available?
The neighborhoods in Erie with the most apartments available are Downtown Erie, South East Hills and Southeast Erie .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Erie, PA?
Because the average rent in Erie is $883, you’ll want to make about $2,943 per month or $35,316 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Erie, PA compare to other nearby cities and neighborhoods?
Use the tool below to compare Erie, PA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,208/month
-
One Bedroom
$1,267/month
-
Two Bedroom
$1,735/month
-
Three Bedroom
$2,296/month
-
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.