Best answer


To determine rent for your rental home, compare it with rent prices of similar properties in the same neighborhood. Another method to determine rent is tocomparing your rent income vs your rental expenses. While It’s quite common for the rent to be less than the total rental expenses, your rent income should be at lease 75% of total expenses.

People also ask


  • 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 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 do you calculate rent per square foot per month?

  • A nearby two-bedroom, 1,000 square-foot unit is renting for $1,250 per month. Calculate the rental price per square foot of the nearby unit with the equation $1,250 / 1,000 square feet = $1.25 per square foot.

  • 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.