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Rent Review Program Evaluation - 2 - <br /> <br />Table 2: Rent Ranking for Cities in Alameda County <br /> <br />Rank City Average Rent* <br />1 Berkeley $2,799 <br />2 Emeryville $2,473 <br />3 Oakland $2,421 <br />4 Dublin $2,279 <br />5 Pleasanton $2,092 <br />6 Newark $1,994 <br />7 Fremont $1,959 <br />8 Alameda $1,901 <br />9 Union City $1,884 <br />10 Livermore $1,730 <br />11 Hayward $1,584 <br />12 Castro Valley $1,504 <br />13 San Leandro $1,366 <br /> *2nd Quarter of 2014 <br /> Source: RealFacts <br /> <br />Both the rental and vacancy trends are highlighted in Table 3 below. San Leandro’s average rent <br />(for all bedroom sizes) of $1,366 in the second quarter of 2014 is more than a 12% increase from <br />the average annual rent of $1,216 in the first quarter of 2013. This is the first time the average <br />rent level increased by double figures since the City began tracking the rental housing market <br />trends in 2002. The 2.1% vacancy rate in San Leandro, meanwhile, is lower than last year’s <br />2.6% rate. <br /> <br />Table 3: Rental Housing Market Trends in San Leandro <br /> <br />Year Avg Rent % Annual Change Vacancy Rate <br />2002 $1,090 -8.0% 4.2% <br />2003 $1,054 -3.3% 4.6% <br />2004 $1,011 -4.1% 4.6% <br />2005 $1,011 0.0% 4.7% <br />2006 $1,040 2.9% 3.6% <br />2007 $1,090 4.8% 3.6% <br />2008 $1,154 5.9% 3.1% <br />2009 $1,106 -4.2% 5.4% <br />2010 $1,086 -1.8% 4.1%