Trying to figure out what a fair market rent is for a property is difficult for everyone. Landlords want to know if their rent levels are too low or too high. Renters want to know if they can afford to live in a particular neighborhood, and investors need to know if a prospective property is going to be a good investment.
There’s a tool I use and which I’d recommend to anyone trying to find out what an appropriate rent should be. It’s called the Rentometer and it was developed by technology developers with a successful track record in the real estate rental business. To date, Rentometer has generated over 6-million rental comparison reports. It’s constantly being improved and enhanced, providing the most up to date rent estimates on the market today.