How to calculate rent price per square foot

Written by jennifer habersham
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Knowing what to charge for the home or apartment that you want to rent is important to getting a signed lease. Charging too much will scare off renters and price you right out of the marketplace, leaving you to pay for a vacant space. Charging too little may cause potential renters to believe there is something wrong with the place. Knowing the cost of rent per square foot is a good technique to use when trying to rent your space. It will show your potential tenants the value that they are getting per square foot.

Skill level:

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Things you need

  • Tape measure
  • Paper
  • Pencil or pen
  • Calculator

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  1. 1

    Measure the width and length of each room and write it down on a piece of paper. Make sure that your measure each room in the property you are trying to rent.

  2. 2

    Add together the width of all rooms and write it down.

  3. 3

    Add together the lengths of all rooms and write it down.

  4. 4

    Multiply the total width by the total length. The resulting number is the amount of total square footage of your rental property.

  5. 5

    Divide the number of total square feet into your monthly asking price. The resulting number is the cost per square foot to rent the space.

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