Handeware
Investing

Prorated rent

$696.77
Days you pay for
12

This is arithmetic for general information, not financial advice.

Prorated Rent Calculator

When you move in partway through a month, you often pay only for the days you live there. Enter the monthly rent and your move-in date to see the prorated amount.

How it works

Count the days from the move-in date to the end of that month, including the move-in day. Multiply the monthly rent by those days and divide by the number of days in the month.

Some leases split the month another way, or charge a set first-month fee. Your lease sets the rule that applies, so check it.

Worked example

With a monthly rent of $1,800.00 and a move-in with 12 days left in a month of 31 days, the prorated rent is $696.77.

Questions

Does the move-in day count?

Yes. The page counts it as a day you pay for. If your lease starts counting the next day, subtract one.

Why use the length of the month?

A prorated share is the part of the month you live in, so the total days in that month is the base to divide by.

Can the amount be less than a full month?

Yes, that is the point. The amount covers only the days in the first month, not the full rent.

More like this

All Investing calculators