Market Rent Calculator

Formula

To calculate the Market Rent ($MR$):

\[ MR = A \times P \]

Where:

$MR$ is the Market Rent ($)
$A$ is the area of the property (square feet)
$P$ is the price per square foot ($)

What is Market Rent?

Market rent is the estimated amount that a property would rent for on the open market. It is a critical figure for landlords and investors to determine the potential income from a rental property. Market rent is influenced by various factors including location, property condition, local demand, and comparable rents in the area.

Example Calculation 1

Let's assume the following values:

Area of Property ($A$) = 1000 square feet
Price per Square Foot ($P$) = $2

Using the formula:

\[ MR = 1000 \times 2 = 2000 \]

The Market Rent is $2000.

Example Calculation 2

Let's assume the following values:

Area of Property ($A$) = 1500 square feet
Price per Square Foot ($P$) = $1.5

Using the formula:

\[ MR = 1500 \times 1.5 = 2250 \]

The Market Rent is $2250.