Listen to the market. It is smarter than you are.
Go to Craigslist to zero in on what similar rentals are going for. Price yours a bit under the market and then be very picky in chosing a tenant. As a beginner, you don’t want the hassles of weak tenants/too many occupants.
You can also listen to the market by learning from the calls you get. If you are flooded with calls and people who want to rent, you are probably too low on your rent. If you are still trying to find a tenant after three weeks or so you are probably asking for too much or your Craigslist ad is deficient (note: include lots of pictures).
Your property sounds very desirable and is in a great area, so it should rent quickly.
