Rent in Albion, PA
Across Albion's 2 ZIP codes, a 2-bedroom typically rents for about $904 a month, with figures from $717–$1,091. The highest typical rent is in 16475 ($1,091) and the lowest in 16401 ($717). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Erie County pay about 1.60% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $753 | $753 | 2 |
| 1 bed | $583 | $315–$851 | 2 |
| 2 beds | $904 | $717–$1,091 | 2 |
| 3 beds | $1,121 | $892–$1,350 | 2 |
| 4 beds | $1,564 | $1,564 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Albion ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Albion, PA?
- About $904 a month: the median of the typical rents in 2 ZIP codes, which range from $717–$1,091. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Albion, PA?
- About $583 a month: the median of the typical rents in 2 ZIP codes, which range from $315–$851. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Albion, PA?
- About $1,121 a month: the median of the typical rents in 2 ZIP codes, which range from $892–$1,350. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Albion, PA?
- About $753 a month: the median of the typical rents in 2 ZIP codes, which range from $753. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Albion, PA?
- About $1,564 a month: the median of the typical rents in 2 ZIP codes, which range from $1,564. Figures are gross rent (rent plus tenant-paid utilities).
- Which Albion ZIP code has the highest rent?
- For a 2-bedroom, 16475 has the highest typical rent at $1,091 a month, and 16401 the lowest at $717.
- What is the property tax rate in Albion, PA?
- Owner-occupied homes in Erie County pay a typical 1.60% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Albion rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).