How many apartments are available in 16503 on Rentable.co?
Rentable.co has 12 apartments available for rent in 16503.
What is the average rent for an apartment in 16503?
The average rent for an apartment in 16503 is around $750 per month.
What is the average rent for a two-bedroom apartment in 16503?
The average rent for a two-bedroom apartment in 16503 is around $750 per month.
Find an Apartment in 16503
Looking for apartments for rent in the 16503 zip code of Erie, PA? Look no further! Right now, there are 12 units available for rent in this area on Rentable. The average rent in 16503 is $750, with 2-bedroom units starting at $700.
The 16503 zip code offers a variety of housing options, from cozy studios to spacious multi-bedroom apartments. Whether you're a young professional or a growing family, you're sure to find a rental that suits your needs in 16503.
Ready to find your next rental? Take a look at Rentable's apartments near 16503 and discover the one that perfectly matches what you're looking for. With a range of floor plans and rental options, you're bound to find the ideal home in the 16503 area. Start your search today!
Erie: June Rent Report
Welcome to the June 2024 Erie Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
June 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
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
1 BR2 BR
Erie Rent Prices Decrease From May to June
Erie rent prices decreased over the last month. From May to June, the city experienced a -1.21% decrease for the price of a one-bedroom apartment. The rent price for a Erie one-bedroom apartments currently stands at $734.0.
When we take a look at the two-bedroom comparison from May to June, Erie experienced a -0.09% decrease for the price of a two-bedroom apartment. The rent price for a Erie two-bedroom apartments currently stands at $1,175.0.
June Prices: Erie vs. Surrounding Areas
Erie (Millcreek), PA
Erie, PA
$1,926
$743
$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.
June 2024 Pricing Trends: Erie vs. National Comparisons
New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Erie, PA
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,259
$1,203
$743
$0
$1,350
$2,700
$4,050
$5,400
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 June
1 BR M/M % Change
2 BR June
2 BR M/M % Change
Erie, PA
$743.0
-0.93%
$1,176.0
-2.49%
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.