How many apartments are available in 16508 on Rentable.co?
Rentable.co has 6 apartments available for rent in 16508.
What is the average rent for an apartment in 16508?
The average rent for an apartment in 16508 is around $1,000 per month.
What is the average rent for a two-bedroom apartment in 16508?
The average rent for a two-bedroom apartment in 16508 is around $975 per month.
Find an Apartment in 16508
Looking for apartments for rent in 16508 Erie, PA? You're in luck! Rentable currently has 7 units available for rent in this area. The average rent for apartments in 16508 is $1,000, and you can find 2-bedroom floor-plan types starting at just $950.
Whether you're looking for a spacious one-bedroom or a cozy studio, Rentable offers a wide selection of apartments near 16508 Erie, PA. Explore our listings and find the perfect rental that suits your needs and budget in the vibrant 16508 area. Don't miss out on this opportunity to find your dream apartment in Erie, PA!
Erie: April Rent Report
Welcome to the April 2024 Erie Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
April 2024 key findings and figures for the Erie rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Erie and surrounding areas and provide comparisons to the entire metro area, nearby cities and
some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of
Erie average rent prices in the chart below.
Monthly Rent Report
$1,300
$980
$650
$330
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR2 BR
Erie Rent Prices Decrease From March to April
Erie rent prices decreased over the last month. From March to April, the city experienced a -1.83% decrease for the price of a one-bedroom apartment. The rent price for a Erie one-bedroom apartments currently stands at $750.0.
When we take a look at the two-bedroom comparison from March to April, Erie experienced a -0.74% decrease for the price of a two-bedroom apartment. The rent price for a Erie two-bedroom apartments currently stands at $1,206.0.
April Prices: Erie vs. Surrounding Areas
Erie (Millcreek), PA
Erie, PA
$1,926
$764
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent
Rent Prices in Erie and Surrounding Areas
Rent prices have decreased in Erie over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Erie suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Erie suburbs
Rent decreased in Erie (Millcreek), PA.
1 suburb is currently priced higher than the city of Erie.
April 2024 Pricing Trends: Erie vs. National Comparisons
New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
Erie, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$764
$0
$1,300
$2,600
$3,900
$5,200
Median Rent
Erie Rent Prices More Affordable Than Major Cities
Rent growth in Erie over the past year has been
declining. When compared to major cities nearby, along
with some of the most expensive cities in the country, Erie average rent prices appear to be
relatively affordable for local residents.
The price for a Erie one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Erie and surrounding area rent prices, take a look at the complete data set below.
Data set for Erie and suburbs
1 BR April
1 BR M/M % Change
2 BR April
2 BR M/M % Change
Erie, PA
$764.0
-0.52%
$1,215.0
4.20%
Erie (Millcreek), PA
$1,926.0
0.00%
$2,140.0
0.00%
Methodology
Each month, using over 1 million Rentable listings across the United States, we calculate the median
1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To
avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and
property count thresholds.