Free Tool
Net effective rent calculator
Apartments love to advertise "2 months free!" — but that's not what you'll actually pay each month. Plug in the market rent, lease term, and the promotion being offered to see the real, net effective monthly rent.
Lease details
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Net effective monthly rent
$0
Enter a market rent to get started.
This calculator provides an estimate for comparison purposes only — it doesn't include deposits, pet fees, utilities, or other property-specific charges. Always confirm the exact terms with the leasing office before signing.
How net effective rent works
Net effective rent spreads the value of a move-in promotion evenly across every month of your lease, so you can compare two apartments on equal footing — even if one is advertising a concession and the other isn't.
Months free: the value of each free month is the market rent itself, subtracted from the total cost of the lease.
Weeks free: calculated using a weekly rent of market rent × 12 ÷ 52, multiplied by the number of weeks offered.
Don't want to do the math yourself on every property you tour? That's exactly what I'm here for — send me your shortlist and I'll break down the real cost of each one.
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