Property prices for rent in Albert Lea (Minnesota)

The price per sq.feet in Albert Lea has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.02. In the following month the price per sq.feet rose to $1.08. In the following two months the price per sq.feet has risen 107 %, going from $1.05 to $1.12 per sq.feet. The price per sq.feet has had a considerable rise of 120 % 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 $1.09 to $1.3 during February, and March.

When referring to the price in Albert Lea (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $967. In November This price remains at $975. In the following two months the average price has hardly changed with regard to the previous two months from $971 to $1,019. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 118 % during the last two months.

The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,309 they are 53 % more affordable than the average price for Albert Lea . The properties with the highest average price have 2 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,344.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.88 / sq.feet, with an average $1.51 / sq.feet price in Albert Lea. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.55 / sq.feet.

According to average price per property type in Albert Lea, "" priced at $621 is 53 % lower than the average price ($1,309) in this city.