The rent prices in real estate in East Alton, in the Illinois region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in East Alton has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.1. In the following month the price per sq.feet rose to $1.26. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 55 % 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 $1.11 to $0.61 during February, and March.
When referring to the price in East Alton (cities), this has fallen in the last 6 months. The average price for October is $1,056. During November the price had a considerable fall till $890. During the following two months (December, January) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $936.25 and $970 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,048 they are 30 % more affordable than the average price for East Alton . The properties with the highest average price have 2 bedrooms, Their price is 3 % more expensive than the average. After that we have properties with 3 bedrooms priced at $797.
According to average price per property type in East Alton, "" priced at $792 is 24 % lower than the average price ($1,048) in this city.