Prorated Rent Calculator

You can use this prorated rent calculator to determine the amount of prorated rent that is due in a situation in which a tenant does not stay in the property for the full month.

Using the Prorated Rent Calculator

  • Input the date the tenant moved in and the monthly rent payment
  • Input the date on which the rent started
  • Choose the currency the drop-down list of currencies (optional)
  • Click the "Calculate" button to compute the prorated rent.
Online Prorated Rent Calculator

What is Prorated Rent?

In some situations, a tenant may move into an apartment on a day other than the first day of the month or the day on which the billing cycle commences. In these cases, the tenant will pay prorated rent as opposed to the full month's rent. The amount of prorated rent should accurately reflect the amount of time that the tenant is using the property.

Manually Calculating Prorated Rent

While it is much easier to use a prorated rent calculator, you can use some basic math equations to manually determine prorated rent.

The most basic method by which you can calculate prorated rent is to determine the rental costs per day. Once you have done this, you can use the daily rate to verify the amount provided by an online calculator.

To determine the daily rental, divide the total monthly rent by the number of days in a month and then multiply this by the total number of days that the tenant will be in the property.

For example, let's say the monthly rental is $700 and there are 30 days in the month.

700 divided by 30 = $23.33

As such, the daily rate is $23.33

If the tenant will not move into the property until the 16th of the month, he or she will only be required to pay 15 days' rental.

30 – 15 (days that the tenant will not be required to pay for) = 15

As such, the tenant's prorated rent for that month would be as follows:

$23.33 x 15 = $349.95

How to split the rent? Try this calculator to find out.

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