Cheap Homes for Rent in Erie, PA from $500 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Erie.

property at 803 E 36th St

803 E 36th St

EriePA16504

Erie, PA Local Guide

Cheapest Neighborhoods for Apartments in Erie, PA

Pricing Updated: 03/24/2025

Current apartment rentals in the Erie, PA area range in price from $425 to $2,575 with an overall median price of $1,463. The three Erie neighborhoods with the lowest median rent pricing are East Suburban Erie at $555, Burton Diehl at $555, and East Erie at $425. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Erie Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
East Suburban Erie$893$555916
Burton Diehl$1,200$5552790
East Erie$1,200$425504
Southeast Erie$1,297$4251740
East Side Bay Lights$1,300$4251183
Hammermill$1,300$4252141
Central Eastside$1,395$4252204
East Bayfront$1,395$4251863
Downtown Erie$1,400$4251798
Marvintown$1,400$4252172

Cheapest Available Erie Apartments for Rent

 

The cheapest available apartment rental in Erie, PA is a 1 Bed unit found at Willow Commons Apartments in the East Suburban Erie neighborhood priced from $538. University Gate in the East Suburban Erie neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $620. Here is today’s list of the most affordable Erie apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Commons ApartmentsOne Bedroom1BR,1BA$538
University Gate4 Bed Upgraded4BR,2BA$620
Lighthouse Apartments1 bedroom1BR,1BA$750

Best Value Apartments for Rent in Erie, PA

As of March 24, 2025 the best value apartment in the Erie area is the $0.28 price per square foot 416 E 3rd St Model at 416 E 3rd St, Unit 1st flr in the in the Downtown Erie neighborhood starting from $425. The second greatest value Erie apartment is the 3 Bedroom Small Model at Brookwood Village starting at $1,395 with a $0.93 price per square foot in the South East Hills neighborhood. Here is today’s list of the best values for Erie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
416 E 3rd St, Unit 1st flr416 E 3rd St1BR,1BA$0.28
Brookwood Village3 Bedroom Small3BR,1.5BA$0.93
435 E 27th St, Unit 435435 E 27th St3BR,1BA$1.04
University Gate3 Bed upgraded3BR,2BA$0.62
448 E 27th St, Unit 1stFloor448 E 27th St2BR,1BA$1.10
121 E 29th St, Unit #2121 E 29th St2BR,1BA$0.90
Shoreline Apartments2 Beds, 1 bath2BR,1BA$0.94
Willow Commons ApartmentsOne Bedroom1BR,1BA$0.60
642 E 7th St, Unit 2642 E 7th St3BR,1BA$1.06
435 Halley St, Unit 2435 Halley St1BR,1BA$1.11

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Erie

What type of rentals are currently available in Erie?

There are currently 276 Apartments for Rent in Erie, PA with pricing that ranges from $425 to $2,575. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Erie ranging from $500 to $4,140.

What is the current price range for Rental Homes in Erie?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Erie ranges from $500 to $4,140 with an average monthly rent of $2,008.

How much are larger Three and Four Bedroom Rentals in Erie?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Erie range from $560 to $2,134, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,400. Four Bedroom Single-Family rentals are also available starting from $500 and Four Bedroom Apartments start at $555.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.