Net Effective Rent Calculator
Calculate the true monthly cost of your rental after accounting for concessions and incentives.
Gross Monthly Rent
$0
Lease Term
0 months
Concessions Value
$0
Total Lease Cost
$0
Net Effective Monthly Rent
$0
Monthly Savings
$0 0%
Understanding Net Effective Rent
Net effective rent is the average monthly rent you'll actually pay after factoring in landlord concessions like free months or other incentives.
How it's calculated:
- Total lease cost = (Gross monthly rent × Lease term) - Concessions value
- Net effective rent = Total lease cost ÷ Lease term
Example: If an apartment has a gross rent of $2,500 for a 12-month lease with 1 free month:
- Total lease cost = ($2,500 × 12) - $2,500 = $27,500
- Net effective rent = $27,500 ÷ 12 = $2,292
While you'll pay $2,500 for most months, your average monthly cost is $2,292 when spread across the entire lease term.
Note: This calculator is for estimation purposes only. Always confirm exact terms with your OneStopManagement property manager.
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