Erie, CO Rental Market Trends
Highlights
The average rent for an apartment in Erie is $1,795, a 16% increase compared to the previous year, when the average rent was $1,546.
Average Rent in Erie, CO
Last updated October 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,795 | 16% | 1,118 sq. ft. |
The average size for a Erie, CO apartment is 1,118 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Erie, CO Apartment Rent Ranges
- $1,001-$1,50017%
- $1,501-$2,00068%
- > $2,00015%
Erie, CO Occupied Housing Units
- Renter-occupied Households18%
- Owner-occupied Households81%
1,405 or 18% of the households in Erie, CO are renter-occupied while 6,031 or 81% are owner-occupied.
Erie, CO Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Oct / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Erie, CO | $1,595 | $1,474 | $1,493 | $1,596 | $1,556 | $1,528 | $1,546 | $1,680 | $1,670 | $1,795 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does Erie Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Greeley | $1,174 | 5% |
| Firestone | $1,460 | 23% |
| Frederick | $1,553 | 31% |
| Johnstown | $1,626 | 6% |
| Windsor | $1,493 | 28% |
| Erie | $1,795 | 16% |
For more information about the Erie rental trends, check out our monthly rent report
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Erie apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.