Property prices for rent in Albert Lea (Minnesota)

The rent prices in real estate in Albert Lea, in the Minnesota region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$822.5
Average price last 6 months
$1.08
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Albert Lea has had a strong fall during the last 6 months. In July, the average price per sq.feet was $3.81. In the following month the price per sq.feet fell considerably to $0.7. The price for the following two months in (September, October) had a considerable fall of 30 with regard to the previous two months. The price per sq.feet has had a considerable fall of 21 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.47 to $0.31 during November, and December.

Average price

When referring to the price in Albert Lea (cities), this has fallen in the last 6 months. The average price for July is $865. During August the price had a slight fall till $771. During the following two months (September, October) the price has had an average rise from $818 to $878. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $848 to $771.5 in November and December.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 7 % more affordable than the average price of $652 in Albert Lea. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 7 % more affordable than the average aforementioned.

Price per property type

According to average price per property type in Albert Lea, "" priced at $652 is 7 % lower than the average price ($700) in this city.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in Albert Lea
Number of properties used in region Minnesota
$700
$0.61
94
61,128
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value