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Location
515 E 5th St, Erie, PA 16507, USA|East Bayfront
Tour 515 E 5th St
Contact
Western Pennsylvania Real Estate Property Management LLC
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About 515 E 5th St
515 E 5th St cost $950 per month. Located at 515 E 5th St, Erie, PA 16507, USA, this unit has 3 bedrooms and 1 bathroom. Based on the average rent price of 3 bedrooms in Erie, renting this apartment is 25% cheaper per month.Other available apartments to lease near Erie around the same price include but are not limited to: 415 W 2nd St #1
Address details
| Neighborhood | East Bayfront |
|---|---|
| Zip code | 16507 |
| Type | Apartment for rent |
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Rent trends in East Bayfront
Median rents as of Sep 20 2025.
East Bayfront
Erie
| Month | Median Rent |
|---|---|
| October 2023 | $887 |
| November 2023 | $923 |
| December 2023 | $917 |
| January 2024 | $935 |
| February 2024 | $952 |
| March 2024 | $955 |
| April 2024 | $1,080 |
| May 2024 | $1,200 |
| June 2024 | $1,086 |
| July 2024 | $1,100 |
| August 2024 | $1,100 |
| September 2024 | $1,119 |
| October 2024 | $1,168 |
| November 2024 | $1,202 |
| December 2024 | $1,216 |
| January 2025 | $1,234 |
| February 2025 | $1,207 |
| March 2025 | $1,120 |
| April 2025 | $1,046 |
| May 2025 | $1,158 |
| June 2025 | $1,161 |
| July 2025 | $1,100 |
| August 2025 | $1,112 |
| September 2025 | $1,115 |
| Month | Median Rent |
|---|---|
| February 2024 | $750 |
| March 2024 | $793 |
| May 2025 | $900 |
| August 2025 | $841 |
| September 2025 | $860 |
Affordability calculator
Can I afford to live at 515 E 5th St?
Bedrooms
3 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
$38,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 3-bedrooms monthly rent price of $950.
For more information on rent affordability, visit our rent calculator.
Schools near 515 E 5th St
Pfeiffer-Burleigh Elementary School
235 e 11th st
erie, PA, 16503
PK, K-5Public
C
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Internet available near 515 E 5th St
Getting around Erie near 515 E 5th St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 515 E 5th St, Erie
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
4/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
6/10
At least one elementary school within a 15-minute walk
High schools
6/10
At least one high school within a 15-minute walk
Nightlife
4/10
Some bars within walking distance
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