Rent per Square Foot Calculator – Compare Property Rental Rates
Calculate rent per square foot for any property with our free calculator. Compare rental rates across different properties to make informed leasing decisions. Essential for tenants, landlords, commercial real estate professionals, and property managers.
Rent per square foot standardizes rental prices across properties of different sizes. You use it to compare properties and determine if a rental price is fair for the market.
Formulas
Market Rate Guide
| Property Type | Avg Rent/sqft (monthly) | Typical Range |
|---|---|---|
| Studio Apartment | $3-5 | $2-8 |
| 1 Bedroom | $2-4 | $1.5-6 |
| 2+ Bedroom | $1.5-3 | $1-5 |
| Office Space | $2-5 | $1-10 |
| Retail Space | $3-8 | $2-20 |
Example Calculation
A 1,000 sqft apartment rents for $2,000/month:
Rent/sqft = $2,000 ÷ 1,000 = $2.00/sqft/month
Annual rent/sqft = $2.00 × 12 = $24.00/sqft/year
Enter values and calculate to see the chart
- Compare rent/sqft across similar properties in the same neighborhood
- Consider amenities and utilities included in the rent
- Factor in commute costs and time when evaluating location
- Check if rent/sqft decreases for larger units
- Negotiate based on comparable properties with lower rent/sqft
Frequently Asked Questions
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