The Hammocks at MillCreek
4500 Hammocks Dr,
Erie, PA 16506
$1,695 - $3,270
1-2 Beds
Rental Market Trends in Erie, PA
What is the average rent in Erie, PA?
$943/month
Average Rent
662 Sq Ft
Average Apartment Size
+4.5%
Increase in the Last Year
As of December 2025, the average rent in Erie, PA is $943 per month. This is 42% lower than the national average rent of $1,631/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 $841 per month for a studio, $943 for a one-bedroom apartment, and around $1,386 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,664 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 4.5%, which averages out to $43 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 2025
Legend
2024
2025
Rent Ranges in Erie, PA
Last Updated December 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
19%
Below $700/month
32%
$700 - $1,000/month
39%
$1,001 - $1,500/month
9%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Erie?
Based on current rent prices, West Suburban Erie, Downtown Erie and Perry Square District 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, Renaissance District, East Erie and West Erie 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, East Erie and Renaissance District .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Erie, PA?
Because the average rent in Erie is $943, you’ll want to make about $3,143 per month or $37,716 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.
Cost of Living
The cost of living in Erie, PA is 13.0% lower than the national average. Generally, housing in Erie is 44.6% less expensive than the national average, with rent falling between $841 - $1,664. You can expect to pay 3.0% less for groceries, 9.0% more for utilities, and 14.0% more for transportation.
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
$525/month
$705/month
One Bedroom
$750/month
$826/month
Two Bedroom
$967/month
$916/month
Three Bedroom
$750/month
$1,052/month
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Pero Real Estate LLC
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Monarch Investment and Management Group
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Clover Group Inc.
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.
* Percentages may not total 100 due to rounding.