Prorated Rent Calculator
Calculation Results
What is Prorated Rent?
Prorated rent is a calculated amount that tenants pay when they occupy a rental property for only part of a billing period. This calculation ensures fair pricing by charging rent only for the actual days of occupancy, commonly used during move-ins or move-outs that occur mid-month. The concept applies the principle of proportional payment, where tenants pay rent based on their actual duration of stay rather than the full monthly rate.
How to Calculate Prorated Rent
Step 1: Enter your monthly rent amount in the designated field. This is your standard monthly rental payment.
Step 2: Select the month of move-in from the dropdown menu. Different months have varying numbers of days, which affects the calculation.
Step 3: Input the specific day of the month when occupancy begins. This determines how many days will be included in the prorated calculation.
Step 4: Enter any security deposit amount required for the rental agreement. This is typically a one-time payment.
Step 5: Add any additional fees, such as pet deposits, parking fees, or other applicable charges.
Step 6: Click the calculate button to generate your prorated rent amount. The calculator will display both the prorated rent and the total amount due, including all fees.
Step 7: Review the detailed breakdown provided below the results, which shows the daily rate and number of days charged.