How to Calculate Prorated Rent
Prorating rent means calculating the rent based on the number of days you actually occupy the property.
The Formula
(Monthly Rent / Days in Month) x Days Occupied For example, if rent is $1,500 and you move in on the 20th of a 30-day month:
- Daily Rate: $1,500 / 30 = $50/day
- Days Occupied: 30 - 20 + 1 = 11 days (counting the 20th)
- Total: $50 x 11 = $550