If you are looking for a rental unit in Albany, be prepared to pay between $1,400 and $3,500 a month, depending on what you need.
The median monthly rent right now in Albany for all sizes of condominiums and homes listed through real estate agencies is about $1,600 according to the multiple listing sources that local agents use. It does not include owner listings on sites such as craigslist.
Here are the median rents in Albany for different size residences.
1 Bedroom: $1,350
2 Bedroom: $1,995
3 Bedroom: $3,200
4 Bedroom: $3,500
An example is a two-bedroom, two-bathroom condominium at 535 Pierce St. The 1,175-square-foot residence is listed as renting for $1,995 a month.
Rachael Hand, a broker associate with Coldwell Banker, said rents are on the rise in part because people who have gone through short sales and foreclosures are renting because they cannot currently qualify for a home loan.
This information was provided by Rachael Hand, Broker Associate, Coldwell Banker and Director for the Contra Costa Board of Realtors. You can reach her at 925-372-8080 or firstname.lastname@example.org