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Annual Rent Review Program Evaluation FY 2015-2016 <br /> <br />Page 3 of 13 <br /> <br /> <br />San Leandro Rental Market The average annual rents in the City remain the lowest among Alameda County cities. <br /> <br />Table 2: Rent Ranking for Cities in Alameda County <br /> <br />Rank City Average Rent* <br />1 Berkeley $3,151 <br />2 Oakland $2,959 <br />3 Emeryville $2,922 <br />4 Dublin $2,597 <br />5 Pleasanton $2,513 <br />6 Newark $2,360 <br />7 Alameda $2,359 <br />8 Fremont $2,328 <br />9 Union City $2,294 <br />10 Livermore $2,045 <br />11 Castro Valley $1,992 <br />12 Hayward $1,972 <br />13 San Leandro $1,647 <br /> *2nd Quarter of 2016 <br /> Source: RealFacts <br /> Rental and vacancy trends are highlighted in Table 3 below. San Leandro’s average rent (for all bedroom sizes) of $1,647 in the second quarter of 2016 reflects an 8.9% increase from the average <br />annual rent of $1,513 in the second quarter of 2015. This reflects a nearly 2% rate decrease <br />compared to the 10.8% increase between the second quarters of 2014 and 2015. Meanwhile, the <br />1.4% vacancy rate in San Leandro, which is lower than last year’s 1.5% rate, results in San Leandro having the highest ranked average occupancy rate at 98.6% of the other 12 Alameda County cities. <br />131