Last updated: April 13, 2025
Prorated rent refers to a method of calculating rent for a partial month’s occupancy. When you move into a new rental unit, your lease may not begin on the first of the month, leading to the need for a prorated rent calculation. It ensures you pay only for the days you're in your new home.
Prorated rent calculates the cost of housing for the days you occupy but don’t cover the whole month. For instance, if your lease starts on the 10th of a month, you only pay rent for the days from the 10th to the end of the month.