Cheap Apartments for Rent in 16506
22 rentals
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- $1,695 - $3,270/mo1-3 Beds1-2 BathsThe Hammocks at MillCreek | 4500 Hammocks Dr #420101,
Erie, PA 16506 Save Search in 16506
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Apartments For Rent Near 16506
We found 30 more apartments matching your filters just outside 16506
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Average Rent Trends in 16506
Rent in 16506 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,350 |
| Jul 2025 | $1,300 |
| Aug 2025 | $1,495 |
| Sep 2025 | $1,500 |
| Oct 2025 | $1,500 |
| Nov 2025 | $1,500 |
| Dec 2025 | $1,500 |
| Jan 2026 | $1,400 |
| Feb 2026 | $1,295 |
| Mar 2026 | $1,378 |
| Apr 2026 | $1,400 |
| May 2026 | $1,385 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,695 | $1,295 | $1,750 | $1,550 | $1,395 |
| Townhomes | — | $1,385 | $2,800 | — | $1,385 |
| Apartments and Condos | $795 | $1,050 | $1,550 | $1,550 | $1,000 |
| Houses | — | $1,800 | $1,750 | $3,250 | $1,850 |
Frequently Asked Questions about Rentals in 16506
- What is the average rent of an apartment in 16506?The average rent of an apartment in 16506 is $1,315 per month. This is about 32% lower than the national average.
- What is the average rent of a house in 16506?The average rent of a house in 16506 is $1,850 per month. This is about 4% lower than the national average.
- What is the average rent of a townhome in 16506?The average rent of a townhome in 16506 is $1,385 per month. This is about 28% lower than the national average.
- When is the average rent cheapest in 16506?In the last year, the average rent in 16506 was lowest in Jul 2025 when it was $1,300 per month.
- When is the average rent most expensive in 16506?In the last year, the average rent in 16506 was highest in Apr 2025 when it was $1,500 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 16506?The average rent of a 1 bedroom apartment in 16506 is $1,695 per month. That is about $695 more than the cost of a studio apartment.
- How many available rental listings are in 16506?There are 22 available rental listings in 16506.
- What are some cities near 16506?