$825 Per Month
- 2 Beds
- 1 Bath
- Condo for Rent
2412 Wayne St Unit 2, Erie, PA 16503
Property Id: 2760082 bedroom, 2nd floor. Clean Painted new flooring. Available now.Rental application fee -$35/adult
Frequently Asked Questions
How much does it cost to rent a condo in Erie, PA?
The median rent for a condo in Erie, PA is $950 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Erie, PA?
To comfortably afford the median rent in Erie, PA, a household needs to earn roughly $40,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,000 per month in Erie, PA, renters typically need to show $3,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Erie, PA?
In Erie, PA, the price-to-rent ratio is 16.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Erie, PA are best for renting a condo?
The best neighborhood for renting in Erie, PA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Little Italy, Millcreek, Marvintown, Trinity Park and East Bayfront, each with its own character and price range.
