Average Rent in Erie, NY

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Current Versus Historical Erie, NY Rents

Erie rentals average $1,150 for a studio rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $1,700, or roughly $1 per square feet.

For the apartment units and housing in December 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $255 (28.54%) year-over-year from $895 to $1,150. 1-bedroom rentals prices have increased by $317 (30.42%) year-over-year from $1,041 to $1,358. 2-bedroom rentals prices have increased by $207 (16.09%) year-over-year from $1,288 to $1,495. 3-bedroom rentals prices have increased by $167 (11.24%) year-over-year from $1,483 to $1,650. 4-bedroom rentals prices have increased by $175 (7.53%) year-over-year from $2,325 to $2,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 17.45% this month. 1-bedroom rents have gone up by 23.13% this month. 2-bedroom rents have gone up by 15.74% this month. 3-bedroom rents have gone up by 5.32% this month. 4-bedroom rents have gone up by 13.64% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.26	$1,150	$895 (28.54%)	$704 (63.31%)
1 BR	$1.65	$1,358	$1,041 (30.42%)	$950 (42.89%)
2 BR	$1.42	$1,495	$1,288 (16.09%)	$1,014 (47.41%)
3 BR	$1.14	$1,650	$1,483 (11.24%)	$1,274 (29.50%)
4+ BR	$1.55	$2,500	$2,325 (7.53%)	$1,333 (87.50%)

Historical Rents in Erie, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Erie

There are a total of 1 cities nearby Erie. The average rent in Erie is currently $1,625 per month. Only one city nearby has an average rent lower than that. Our records show that Buffalo, NY, with an average rent of $1,625, is the most affordable city nearby. In contrast, the most expensive city near Erie, NY is Buffalo, NY. Monthly rents here are on average $1,625 per month.

Let's compare Erie, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Erie, NY is on par with the other cities nearby. One bedrooms are about 7.41% more expensive. Two bedrooms in Erie, NY are on par with the other cities nearby. Finally, rent for three bedrooms are about 6.88% more expensive. Want more information? Check out the top 1 cities near Erie, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Buffalo, NY	$1,150	$1,250	$1,695	$1,625

Top Neighborhoods Near Erie

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Erie

The average rent for rentals in these counties is $1,625. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Buffalo, NY. It's average rent per month is $1,625. Vice versa, with an average rent of $1,625, Buffalo, NY is the most expensive county by Erie, NY.

Typically, rent for studios in Erie, NY is on par with the other counties nearby. In comparison, rent for one bedroom listings in Erie, NY is 7.41% more expensive than other counties nearby. Finally, rent for two bedrooms in Erie, NY is on par with the other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Buffalo, NY	$1,150	$1,250	$1,695	$1,625

Top Zipcodes Near Erie

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Erie Average Rents

What is the average rent price in Erie, NY?

The average monthly rental price for Erie, NY apartments for rent is approximately $1,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Erie, NY rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Erie, NY.

How much is a studio apartment in Erie, NY?

The average monthly rental price for studio apartments is $1,150 and an average price per square feet of $2.26. There are a total of 4 studio apartment listings currently available for rent in Erie.

How much is a one bedroom apartment in Erie, NY?

The average monthly rental price for one bedroom apartments is $1,350 and an average price per square feet of $1.65. There are a total of 27 one bedroom apartment listings currently available for rent in Erie.

How much is a two bedroom apartment in Erie, NY?

The average monthly rental price for two bedroom apartments is $1,695 and an average price per square feet of $1.42. There are a total of 75 two bedroom apartment listings currently available for rent in Erie.

How have rent prices in Erie, NY changed this year?

Rent prices for rentals in Erie, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.29%, one bedroom rental prices have changed by 0.30%, two bedroom rental prices have changed by 0.16%, and three bedroom rental prices have changed by 0.11% year-over-year.

What is a reasonable rent price in Erie, NY?

A reasonable rent price in Erie, NY is around $1,360/month. You can search for these reasonably priced rental listings on RentHop.