Zumper
modified
5+ Days Ago

Location

10 E 4th St, Erie, PA 16507, USA|Downtown Erie
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Management

Modern Tool Realty

Leasing office

(814) 882-8029

Property Overview

Modern Tool Realty features an overall excellent rating of 8.5 out of 10, showcasing its appeal to renters. It is competitively priced with a perfect score of 10, complemented by impressive amenities rated at 8 and a prime location rated at 9, offering outstanding access to essential services and attractions. Additionally, it ranks in the 77.78 percentile for value, reflecting strong trustworthiness and quality, making it a standout option in its market.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, Modern Tool Realty is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Modern Tool Realty has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby

Floor plans

Modern Tool Realty 1182 bed1 bath850 sqft$975 /mo2 units available

Let's explore this property.

Policies and fees

Building details

Property details

Units59
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About Modern Tool Realty

HomeApartments in ErieDowntown Erie Modern Tool Realty

Modern Tool Realty cost $975 per month. Located at 10 E 4th St, Erie, PA 16507, USA, Modern Tool Realty has 2 bedroom units available. Based on the average rent price of 2 bedrooms in Erie, renting an apartment at Modern Tool Realty is 11% cheaper per month.Other apartment buildings in or around Erie include but are not limited to: 238 W 6th St, 326 W 8th St, 1977 Prospect Ave


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Modern Tool Realty is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Modern Tool Realty has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Modern Tool Realty
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Modern Tool Realty offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Modern Tool Realty is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Modern Tool Realty is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Modern Tool Realty to provide reasonable accomodations and accurate details about its community.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Modern Tool Realty provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Modern Tool Realty compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 1 mile away

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Rent trends in Downtown Erie

2-bedroom apartments at Modern Tool Realty cost about 30% less than the average rent price for 2-bedroom apartments in Downtown Erie.

Median rents as of Nov 8 2025.
Downtown Erie
Erie
A table of 1-bedroom apartment rental data trends in Erie
MonthMedian Rent
November 2023$775
December 2023$761
January 2024$755
February 2024$752
March 2024$735
April 2024$755
May 2024$756
June 2024$763
July 2024$785
August 2024$845
September 2024$834
October 2024$870
November 2024$864
December 2024$826
January 2025$817
February 2025$832
March 2025$855
April 2025$828
May 2025$820
June 2025$812
July 2025$846
August 2025$878
September 2025$852
October 2025$817
November 2025$800
A table of 1-bedroom apartment rental data trends in Downtown Erie
MonthMedian Rent
February 2024$1,250
March 2024$1,250

Affordability calculator

Can I afford to live at 10 E 4th St?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$39,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,000 annually to afford this 2-bedrooms monthly rent price of $975.
For more information on rent affordability, visit our rent calculator.

Schools near Modern Tool Realty

Pfeiffer-Burleigh Elementary School

235 e 11th st

erie, PA, 16503

PK, K-5Public
C
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Internet available near Modern Tool Realty

Getting around Erie near 10 E 4th St

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Points of interest for 10 E 4th St, Erie

Groceries

9/10
The nearest general grocery store is within a 5-minute walk, and there are also some specialist food stores nearby.

Shopping

4/10
Some fashion stores are within walking distance.

Cafes

6/10
The closest café is within a 5-minute walk, and there are some other cafés within walking distance.

Restaurants

7/10
Several restaurants are within a short walk.

Primary schools

5/10
The closest elementary school is within a 15-to-20-minute walk.

High schools

7/10
The closest high school is within a 10-to-15-minute walk.

Nightlife

8/10
A variety of bars are within a short walk.

Explore the area around 10 E 4th St

Haider Al Jayashi State Market
1027 State St
U K Supermarket
1105 Parade St
New Sara's Market
460 E 12th St
Sammy's Food Mart & Deli
717 Liberty St
Global Market of PA
718 East Ave

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