Last updated
Average Rent in Erie 16506 & Rent Trends
Rent prices and market trends across 2 apartment communities in Erie 16506, Erie PA. Updated daily.
Market Average
$1,290/mo
Lowest Available
$1,125/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
3
available now
Erie 16506 vs Erie PA Average
Erie 16506 is more expensive the Erie PA average by $100/mo (8%). The citywide average is $1,190/mo across all neighborhoods.
Is Rent Going Up or Down in Erie 16506?
As of May 2026, the average rent in Erie 16506 is $1,290 per month across 2 apartment communities and 3 available units.
The most affordable option is Agresti Real Estate starting at $1,125/mo. By unit type, a 2-bedroom averages $1,290/mo.
Prices range from $1,125 to $1,395 per month. The most common price point is the $1,200 range, where 2 units are currently listed.
Erie 16506 Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Rent Price Distribution
Rent by Bedroom Type in Erie 16506
Rent Prices by Apartment in Erie 16506
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Agresti Real Estate | $1,125/mo | $1,125/mo | 1 | 4.7 |
| Hoffman United | $1,350/mo | $1,373/mo | 2 | 3.3 |
Google Search Trends for Erie 16506 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Erie 16506
What is the average rent in Erie 16506?
Is rent going up or down in Erie 16506?
What is the cheapest apartment in Erie 16506?
How many apartments are available in Erie 16506?
What salary do I need to live comfortably in Erie 16506?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$52,000/year
30 percent rule -- using our average rent of $1,290/mo.
Comfortable income
$62,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,125/mo), you need to earn at least $45,000/year.
Cost of living in Erie 16506
We only have live rent data for Erie 16506 so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,290 |
| Estimated total | $1,290/mo |
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures are refreshed annually.
Explore Erie 16506 Apartments
Browse all 2 communities with daily-updated pricing and availability.