The Hammocks at MillCreek
4500 Hammocks Dr,
Erie, PA 16506
$1,945 - $3,270
2-3 Beds
Rental Market Trends in Erie, PA
What is the average rent in Erie, PA?
$954/month
Average Rent
667 Sq Ft
Average Apartment Size
+1.7%
Increase in the Last Year
As of April 2026, the average rent in Erie, PA is $954 per month. This is 42% lower than the national average rent of $1,641/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 $948 per month for a studio, $954 for a one-bedroom apartment, and around $1,427 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,729 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 1.7%, which averages out to $17 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 April 2026
Legend
2025
2026
Rent Ranges in Erie, PA
Last Updated April 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
17%
Below $700/month
38%
$700 - $1,000/month
33%
$1,001 - $1,500/month
10%
$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, Walnut Acres, Kearsarge Park and Downtown 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, East Erie, St Mary and Renaissance District 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, Walnut Acres and Kearsarge Park .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Erie, PA?
Because the average rent in Erie is $954, you’ll want to make about $3,180 per month or $38,160 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 13.6% lower than the national average. Generally, housing in Erie is 44.7% less expensive than the national average, with rent falling between $948 - $1,729. You can expect to pay 3.3% less for groceries, 8.9% 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
-
-
One Bedroom
-
$846/month
Two Bedroom
-
$1,144/month
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Erie we think you'll love
Property Management Companies in Erie, PA
Riedman
-
22
Communities
-
3,542
Units
-
13
Cities
8 Communities in Erie
Monarch Investment and Management Group
-
320
Communities
-
78,002
Units
-
146
Cities
1 Community in Erie
Clover Group Inc.
-
64
Communities
-
7,628
Units
-
54
Cities
1 Community in Erie
Rushmore Management
-
76
Communities
-
15,105
Units
-
48
Cities
1 Community in Erie
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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 February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.