Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Erie, MI

As of August 2025, Erie's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Erie's average rent is 32.4% ($448) lower than the Michigan average of $1,383 and 47.8% ($855) lower than the U.S. average of $1,790.

Average Rent

$935

Monthly ChangeMonth Over Month Change

0.8% ($8)

Yearly ChangeYear Over Year Change

No change

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$674	1.8% ($12)	No change
2 Beds	$898	No change	No change
3 Beds	$1,000	2.6% ($27)	No change

Nearby Cities	Average Rent	Avg. Rent vs. ErieAverage Rent vs. Erie	Avg. Days on MarketAverage Days on Market
La Salle	$1,034	10.6% ($99)	38 days
Toledo	$1,226	31.1% ($291)	34 days
Monroe	$885	5.3% ($50)	38 days
Northwood	$1,201	28.4% ($266)	45 days
Sylvania	$1,080	15.5% ($145)	36 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Erie Rental Market FAQs

Explore rental prices, market trends, and availability in Erie, MI.

What is the average rent in Erie, MI?

The average rent in Erie, MI is $935 per month.

What is the rental price range for homes in Erie, MI?

Homes in Erie typically rent for between $600 and $1,300 per month, with an average of $935 per month.

What is the average rent for different bedroom sizes in Erie, MI?

In Erie, the average rent for a 1-bedroom home is $674 per month, for a 2-bedroom home, $898 per month, and a 3-bedroom home is $1,000 per month.

How do rent prices in Erie, MI compare with the national average?

The average rent in Erie is 47.8% ($855) lower than the national average of $1,790 per month.

How competitive is the rental market in Erie, MI?

The rental market in Erie, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Erie, MI?

In Erie, MI, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Erie, MI?

There is currently 1 rental property available in Erie, MI.

Can I afford to rent a home in Erie, MI?

Based on the current averages, a household would need an annual income of $35,920 to comfortably afford a 2-bedroom home in Erie.