New PoP Feature: What’s a Fair Price for this Rental?

by Prince Of Petworth November 30, 2010 at 12:30 pm 53 Comments

Ed. Note: I’ve been getting a few inquiries like this so I thought it would be fun to start it as a regular feature. If you’re looking to rent a place out and are curious what is a realistic price send an email with ‘what’s a fair price’ in the title to princeofpetworth(at)gmail(dot)com. We can also do this for people selling their homes if interested.

“Dear PoP,

Similar to your recent post on suggested rent for an apartment in Bloomingdale, I was wondering if you could ask a question regarding a unit that I am renovating to be available in a few months.

The apartment for rent will be a newly-renovated English basement at 16th and Swann Streets in Dupont area. It will be about 700 sq. ft with its own separate entrance through a garden area in back. The apartment will be well-lit with overhead lighting and natural light through a back glass door and two front windows. The kitchen will have granite countertops and stainless steel appliances. The floor will be acid-stained concrete and there will be one wall with painted white brick. There will be a split-duct wall-mounted AC and baseboard heating. The apartment will have its own COO and will have separate utilities. I will allow pets.

I would appreciate any recommendations as to the appropriate rental price.”

I’m thinking in the $1300 – 1500 range? I was off last time so I’m curious to see what folks think for this one.

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