Prorated Rent Calculator

A prorated rent is typically suggested for any time period when the tenant is vacating the property for part of the month. The property manager chooses to charge a prorated rent amount so their tenant can move in as soon as possible. The renter agrees to pay this discounted rent amount rather than being charged for a full month.

Prorated rent can be calculated in a few easy steps:

1. Begin by finding how many days are in the current month.
2. Then take your monthly rent amount and divide it by the number of days in the current month. This will give you the cost per day of your apartment.
3. Multiply the cost per day by the number of days left in your billing cycle.

This will give you the total amount of prorated rent that is due.

Let’s say your rent is $1,500 and you are moving into an apartment on June 12. Your billing date is on the first of the month.

To calculate the prorated rent:

1. $1,500 ÷ 30 days in June = $50/day
2. $50/day × 19 billable days (days left until the first of the month) = $950

In the scenario, you would be responsible for paying $950 for June.

Sometimes rent will be due on the 10th or 15th of the month. If your rent is due on a day that’s not the first of the month, you can still find your prorated rent amount with these steps:

1. Find how many days are in your current month.
2. Take your total monthly rent amount and divide it by the days in your current month. This will give you the cost per day for month one.
3. Multiply this cost per day for month one by the number of days left in month one. This will give you the prorated amount for the days in month one.

Next, you’ll repeat this process with the days in the following month.

1. Find how many days are in the following month.
2. Take your total monthly rent and divide it by the days in the following month. This will give you the cost per day for month two.
3. Multiply this cost per day for month two by the number of days left until the billing cycle starts. This will give you the prorated amount for days in month two.

To finish, add these values together.

1. Add the prorated amount for days in month one to the prorated amount for days in month two to find the total prorated rent.

If your rent isn’t due on the first, the calculation can be a little trickier. For example, let’s say your rent is $1,500 and you are moving in on June 23. Rent is due on the 10th.

To find prorated rent:

1. June has 30 days.
2. $1,500 ÷ 30 days = $50/day in June
3. $50/day in June × 8 days left in June (23rd-30th) = $400 due for June
4. July has 31 days.
5. $1,500 ÷ 31 days = $48.39/day in July
6. $48.39/day in July × 9 days in July until the billing cycle starts = $435.48 due for July
7. $400 due for June + $435.48 due for July = $835.48 total prorated rent

Prorating your rent based on the number of days in the month is the most common way to calculate this rent amount. However, you may encounter other variations of prorated rent.

Some choose to prorate rent based on the number of days in the year. To do this, you would take the total yearly rent amount and divide it by the number of days in the year. This will give you a price per day that you can multiply by the number of days you’ll occupy the apartment.

There are a few factors you’ll have to consider when calculating prorated rent. These can influence how to prorate rent for your situation:

• Number of days in the month
• Months with 30 days: September, April, June and November
• Months with 31 days: January, March, May, July, August, October and December
• Month with 28/29 days: February
• Is it a leap year?
• What day of the month are you billed on?
• How many days are in the first month?
• How many days are in the second month?
• What is the cost per day for the first month?
• What is the cost per day of the second month?
• How many billable days are in the first month?
• How many billable days are in the second month?
• When does your lease officially start/end?

Prorated rent is typically paid in the move-in month and the lease officially starts the following month. This means you’ll be liable for paying rent through the term of your lease. If you move out early, you’ll still be responsible for the rent cost.

If your property manager allows you to move out early and pay a prorated move-out amount, you can calculate it using the same equation. Instead of calculating the number of days from move-in until the beginning of the billing cycle, you’ll calculate the number of days from the beginning of the billing cycle to move-out day.

You can qualify for prorated rent if you are moving into an apartment before the start of your billing period or if you are moving out of an apartment before the start of a new billing cycle. It’s custom for property managers to offer prorated rent when you are moving in before the billing cycle. If this is the case, it will be explained in your rental contract. If it’s not mentioned, you’ll need to request prorated rent.

It’s less likely that you’ll be granted prorated rent if you are moving out early. Typically, you’ll be responsible for paying in full for all time your rental contract outlines. If you are subletting your apartment, you can use the prorated rent calculator to find how much the new tenant should pay.

If you are requesting a prorated amount for your move-in month, be sure to bring this up before you sign your lease. Ask your property manager in person or in writing if they would be willing to prorate your rent. Be sure to be polite while you’re making your case for what’s fair.

If they agree, be sure this prorated amount is written in your lease. Double check the amount with our prorated rent calculator. If you have any questions or concerns, voice them before signing the lease. As soon as it’s signed, you’ll be responsible for what’s written in it.