5+ Days Ago
Location
10 E 4th St, Erie, PA 16507, USA|Downtown Erie
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Property Overview
Modern Tool Realty receives a strong overall Zumper Expert Rating of 8.5, highlighting its competitive pricing, impressive amenities, and prime location. The property excels in providing convenience and accessibility, with a location rating of 9 and notable proximity to a highly-rated elementary school. Additionally, it demonstrates transparency and reliability, making it an appealing choice for renters seeking a quality living experience.
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.
Things you’ll love
Elementary school nearby
Floor plans
| Modern Tool Realty 118 | 2 bed | 1 bath | 850 sqft | $975 /mo | 2 units available |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 59 |
|---|
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About 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 19% cheaper per month.
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 GoodWith 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.
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 40% less than the average rent price for 2-bedroom apartments in Downtown Erie.
Median rents as of May 2 2026.
Downtown Erie
Erie
| Month | Median Rent |
|---|---|
| May 2024 | $651 |
| June 2024 | $753 |
| July 2024 | $821 |
| August 2024 | $850 |
| September 2024 | $777 |
| October 2024 | $727 |
| November 2024 | $714 |
| December 2024 | $812 |
| January 2025 | $825 |
| February 2025 | $798 |
| March 2025 | $814 |
| April 2025 | $846 |
| May 2025 | $843 |
| June 2025 | $782 |
| July 2025 | $803 |
| August 2025 | $820 |
| September 2025 | $795 |
| October 2025 | $780 |
| November 2025 | $690 |
| December 2025 | $781 |
| January 2026 | $785 |
| February 2026 | $811 |
| March 2026 | $856 |
| April 2026 | $868 |
| May 2026 | $825 |
| Month | Median Rent |
|---|---|
| January 2026 | $949 |
| February 2026 | $1,004 |
| March 2026 | $991 |
| April 2026 | $1,024 |
| May 2026 | $1,024 |
Affordability calculator
Can I afford to live at 10 E 4th St?
Bedrooms
2 bedroomsRent-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.
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