The rent is...


A few average rents by type of apartment.

The average asked rent for apartments in the Capital Region in fall 2012 was $1,248 ($0.93 per square foot) -- up more than 6.5 percent compared to same period a year before, according to the Albany-based Sunrise Management & Consulting. The average rent was up more than 10 percent compared to two years ago.

Here's the methodology. It's important to note these are asked rents, and don't take into account discounts. Also, the firm notes that the survey includes mostly large complexes (50 or more units).

[via Biz Review]

data source: Sunrise Management & Consulting Fall 2012 Multifamily Rental Market Report

Comments

Significantly higher than inflation. Should we call it "Habitation without Representation"?

The numbers look quite inflated. The worst thing? Landlords will now use them to raise rent. Why oh why you posted those....
Please tell me that utilities are included.

These numbers are only accurate for large complexes. What about the rest of the apartments in the capital region?

anyone who is renting a 3 bedroom apartment for $1300 a month should just buy a house. if you can pay that in rent, you should talk to a lender and see what your options are.

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

The Scoop

Ever wish you had a smart, savvy friend with the inside line on what's happening around the Capital Region? You know, the kind of stuff that makes your life just a little bit better? Yeah, we do, too. That's why we created All Over Albany. Find out more.

Recently on All Over Albany

What's up in the neighborhood

Among the topics in this most recent spin around the Capital Region's online neighborhood: wildflowers, the luxury of carpet, Lincoln's funeral train, Rebecca Rhino, church... (more)

Upbeat on the Roof 2017

Free summer concert season approaches... The Upbeat on the Roof series is returning to The Tang Museum at Skidmore later this summer -- and on... (more)

Morning Blend

Lake George boat crash trial Jurors in the Alexander West trial on Tuesday heard from two women who testified they snorted cocaine on with West... (more)

The old observatory

Speaking of observatories... Albany had an observatory. In fact, the observatory still exists... just not in Albany. The Dudley Observatory was once located at different... (more)

Tracking trucks in Albany's South End

People in Albany's South End have long been calling for attention and resources to focus on air quality and other environmental health issues in the... (more)

Recent Comments

I feel that when people don't confront inappropriate behavior it sends a signal that it is tolerated. I often speak up in situations like these, depending on my reading of the situation. If we consider ourselves part of a community we all have a role to play in signaling what is and isn't appropriate behavior.

Drawing: Champagne on the Park 2017

...has 93 comments, most recently from kriskaten

How should we respond when someone is being clearly inappropriate in public?

...has 11 comments, most recently from ace

"People talk about the beer like it's got f------ unicorns in it."

...has 2 comments, most recently from ace

Pinkster at Crailo State Historic Site

...has 1 comment, most recently from Fionn

The old observatory

...has 3 comments, most recently from Sarah