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Apartments for Rent in Erie, PA under $500

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  • Only 1 unit left
    1 bd $271
    Base rent Income restricted
    Verified Listing

    Freedom Square Apartments

    2686 Peach Street, Erie, PA 16508
    Apply online • Pet friendly • Fitness center
  • Ask for pricing
    Income restricted
    Verified Listing

    Woodlands At Zuck Park

    5325 Apple Grove Lane, Erie, PA 16506
    Pet friendly • Parking • Air conditioner
  • 2-0-city

Frequently asked questions

When were prices and availability in Erie, PA last updated?

Prices and availability in Erie, PA were last updated on 3 Oct 2026.

What are the best apartments in Erie, PA?
What type of rental buildings are in Erie, PA?

In Erie, 46% of the residents are renting compared to 54% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 12% of Erie's rentals, 59% are small-scale complexes with under 50 units, and 29% are single-family rentals.

Apartments in Erie, PA under $500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 2 apartments for rent in Erie, PA on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.