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
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Comments
Significantly higher than inflation. Should we call it "Habitation without Representation"?
... said Bob on Jan 18, 2013 at 3:50 PM | link
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.
... said Lu on Jan 19, 2013 at 6:53 PM | link
These numbers are only accurate for large complexes. What about the rest of the apartments in the capital region?
... said Interesting, but... on Jan 21, 2013 at 9:24 AM | link
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.
... said colleen on Jan 21, 2013 at 2:41 PM | link