See all rent data for Erie, PA →
Typical Rent in 16507 — Erie, PA
The typical 1-bedroom rent in 16507 (Erie, PA) is $1,013/month as of 2026, based on 4 data sources. Rents have risen 5.5% year over year, so an increase above 5.5% exceeds the local market trend. Studio: $880. 2-bedroom: $1,270.
Rents in Erie have changed approximately +3.2% – +12.5% over the past year based on local market data. A rent increase above 12.5% is above the local market trend.
Estimated Rent · 1-Bedroom
$1,013/mo
Source: HUD Estimated Rent
Data through
Based on 4 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 16507 (Erie, PA) is $990 for FY2026.
Rents in 16507 have increased 5.5% year-over-year based on local market data.
The confidence level for this estimate is high based on 4 data sources.
Based on local market data, a fair rent increase in Erie (16507) is approximately 5.5% for 2026. The typical 1-bedroom rent is $1,013/month. Any increase significantly above 5.5% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 16507 (Erie)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 16507 (Erie) typically rents for $880 – $950.
Rents above $1,093 are in the top 25% for this area.
A 1-bedroom in 16507 (Erie) typically rents for $990 – $1,069.
Rents above $1,229 are in the top 25% for this area.
A 2-bedroom in 16507 (Erie) typically rents for $1,270 – $1,372.
Rents above $1,578 are in the top 25% for this area.
A 3-bedroom in 16507 (Erie) typically rents for $1,570 – $1,696.
Rents above $1,950 are in the top 25% for this area.
A 4-bedroom in 16507 (Erie) typically rents for $1,760 – $1,901.
Rents above $2,186 are in the top 25% for this area.
Current Asking Rents in 16507
What are apartments actually renting for near 16507? Click below to see live asking rents from current listings.
Live market data · Updated daily
Rent Increase Laws in Pennsylvania →
▶Full market data
Rent Trends in Erie, PA
+5.5%
Rents in 16507 (Erie) are rising at +5.5% year-over-year.
− Estimated trend
Market sources range from +3.2% to +12.5%
Sources: Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 16507
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Erie, PA MSA area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $880 | $896 |
| 1-Bedroom | $990 | $1,013 |
| 2-Bedroom | $1,270 | $1,300 |
| 3-Bedroom | $1,570 | $1,608 |
| 4-Bedroom | $1,760 | $1,806 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 16507
What is the average 1-bedroom rent in 16507?
The typical 1-bedroom rent in 16507 (Erie, PA) is $1,013/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $880 and 2-bedroom rent at $1,270.
What is a fair rent increase in 16507?
A rent increase up to about 5.5% is in line with the recent local market trend in 16507. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 16507?
Rents in 16507 have risen 5.5% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 16507?
On this page, studio rent in 16507 is $880/month and 2-bedroom rent is $1,270/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
Renting in Erie, PA? Your rent could be building your credit.
Report your monthly rent payments to all 3 credit bureaus — the same ones your next landlord will check. Takes 2 minutes to set up.
RenewalReply may earn a commission at no cost to you. Learn more
Renters insurance from $5/mo
Protect your belongings from theft, fire, and water damage. Takes 2 minutes and most landlords require it.
RenewalReply may earn a commission at no cost to you. Learn more
Renter Tools
Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 16507 ($990/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Erie, PA
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →