Last updated: April 13, 2025
Prorated rent ensures you only pay for the days you occupy a rental space, making it essential for accurate financial planning. Knowing how to calculate prorated rent can help you manage housing expenses effectively.
Prorated rent refers to a portion of the monthly rent based on the number of days you occupy the rental property. When you move in or out on a day other than the first or last day of the month, your rent adjusts accordingly. This calculation allows you to pay fairly for your actual time in the unit.