Cheap Apartments for Rent in Erie, PA from $500 (87 Rentals)

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Erie, PA Local Guide

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Cheapest Neighborhoods for Apartments in Erie, PA

Pricing Updated: 01/02/2026

Current apartment rentals in the Erie, PA area range in price from $620 to $3,439 with an overall median price of $1,559. The three Erie neighborhoods with the lowest median rent pricing are East Erie at $620, East Side Bay Lights at $620, and East Bayfront at $620. 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 Erie$975$62023
East Side Bay Lights$1,025$620149
East Bayfront$1,087$620152
West Bayfront$1,087$620158
Bayfront$1,100$620154
Frontier$1,100$695142
Greater Kahkwa$1,100$69529
Mid City Erie$1,100$620143
Lakeside$1,225$620137
West Erie$1,275$750117

Cheapest Available Erie Apartments for Rent

 

The cheapest available apartment rental in Erie, PA is a 4 Beds unit found at University Gate priced from $620. Carleton Court Apartments in the West Suburban Erie neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $715. Here is today’s list of the most affordable Erie apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Gate4 Bed Upgraded4BR,2BA$620
Carleton Court Apartments0BR/1.0BAStudio,1BA$715
Lighthouse Apartments1 bedroom1BR,1BA$750
West Ridge Towers1BR/1.0BA1BR,1BA$795
Shoreline Apartments1 Bed, 1 bath1BR,1BA$800

Best Value Apartments for Rent in Erie, PA

As of January 02, 2026 the best value apartment in the Erie area is the $0.90 price per square foot 2529 Reed St Model at 2529 Reed St, Unit 2529 in the in the Glenwood neighborhood starting from $1,350. The second greatest value Erie apartment is the 3 Bedroom Apartment Model at Arneman Place starting at $1,131 with a $0.89 price per square foot in the East Suburban Erie 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.
2529 Reed St, Unit 25292529 Reed St2BR,2BA$0.90
Arneman Place3 Bedroom Apartment3BR,1.5BA$0.89
340 W 24th St, Unit #2340 W 24th St2BR,1BA$0.89
1158 Brown Ave, Unit 21158 Brown Ave3BR,1BA$0.63
University Gate4 Bed Upgraded4BR,2BA$0.54
423 E 16th St, Unit 2423 E 16th St2BR,1BA$0.80
548 E 7th St, Unit 548548 E 7th St2BR,1BA$0.89
923 Walnut St, Unit 3923 Walnut St2BR,1BA$0.94
3206 French St, Unit 23206 French St1BR,1BA$0.99
526 E 22nd St, Unit 2526 E 22nd St2BR,1BA$0.87

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Erie Overview

Perfectly nestled on the shores of Lake Erie, Erie is a charming city in Pennsylvania. The city's relatively low housing cost, suburban feel, proximity to amenities, and the picturesque views of the lake are what sets it apart from other similar locales.  

Why live in Erie, PA?

Not only is Erie quite livable due to its affordability and ease of transit but is also brims brimming with interest areas for both recreation and culture. With a population of around 100,000 people and also being the fourth-largest city in Pennsylvania, Erie offers the allure of a small town with local and conveniently located amenities along with multiple attractions. Some of these attractions include the Erie Art museum the Erie’s Children’s Museum and the Warner Theatre which was commissioned by the Warner Brothers in 1929. Erie is also home to the Presque Isle State Park which is a peninsula that boasts of hiking trails, and beaches. 

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Erie, PA

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Erie, PA Rentals by Map

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See the most popular apartments and homes in Erie, PA

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Frequently Asked Questions about Cheap Erie Apartments

What is a cheap apartment in Erie?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Erie is under $800.

What is the price of a cheap apartment in Erie?

The cheapest apartment in Erie is Lighthouse Apartments which is listed at $750, while the average apartment in Erie costs $1,559.

What types of apartments are the cheapest in Erie?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2,190 regular apartments in Erie that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Erie?

Cheap apartments in Erie have an average cost of $441 which is $1,118 cheaper than the average rent for all rentals in Erie.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!