Best answer


The general rule of thumb is to charge a monthly rent that is equal to0.8 to 1.1% of your rental property’s home value. The higher your home value,the lower your rent percentage is likely to be. If your home value is $100,000 or less,your monthly rent estimate will hover around 1%+which works out to be $1,000 or less.

People also ask


  • How much does it cost to rent a house for rent?

  • For example, a home valued at $220,000 would rent for $2,200 per month. However, there are many factors to consider when setting a rental price, such as local rent control laws, the cost of similar rentals in the area and changes in the local market.

  • How to determine a rental price for a house?

  • How to determine a rental price. Many landlords use the 1% rule to estimate rental value ?which suggests charging 1% of the home value for rent. For example, a home valued at $220,000 would rent for $2,200 per month. However, there are many factors to consider when setting a rental price, including: Local rent control laws.

  • How much should a landlord charge a tenant?

  • Budget for repairs, maintenance and utilities Determine the best ways to collect rent from your tenants To determine how much rent to charge a tenant, many landlords use the 1% rule ?which suggests charging 1% of the home value for rent. For example, a home valued at $220,000 would rent for $2,200 per month.

  • How much should you spend on rental property maintenance?

  • Over the course of a year, maintenance may cost around 1% of the property value, so look into setting aside 50% of your rental income to spend on repairs. If you檙e including gas, electric, water, sewer and garbage in the rent price, you檒l also need to get an estimate of what those costs will be when your property is occupied.