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Rent Calculator: How Much Rent Should I Charge? Our new OpenRent Rent Calculator is the best way to instantly find the rental value of any property in the UK! In a few seconds, we’ll calculate a super-accurate rental price for your UK property, using millions of data-points.
Our online rental valuation calculator gives you a free and instant estimate of the rental value of your home or property. Start by entering your postcode, answer a few simple questions, and you'll have your rental valuation in under three minutes from start to finish.
Enter a postcode to check current rental prices in the local area. Find out rental asking prices for different property types in a postcode area.
- Enter a postcode and select the property from the list to view many details about the property for free. As part of the paid full service, you can...
- A rental yield of around 5% is common, however this will vary a lot depending on the area of the country where the property is located. To calculat...
- If you own a property then in most cases you’ll be able to rent this out. If you are specifically looking for a buy to let property, then you’ll ne...
- You can choose to rent a room or take in a lodger in most cases. It’s usually ok to do this even if you wouldn’t be able to rent out the whole prop...
- If you’re looking to rent a home privately, most people can expect to pay at least 30% of their income on rent. For example, a household income of...
- Rent
- Tenant Fees & Deposits
- Utilities
- Credit Card Payments
- Cash Flow
- Sharing
- The Long Term
Rents are usually quoted as either price per week (ppw) or price per calendar month (pcm). When switching between the two figures, it’s important to remember that the price per calendar month does not equal the same as four weeks’ worth of rent. Instead, the monthly rent is normally calculated by taking the weekly rent and multiplying it by 52 (the...
A new law on residential letting fees, which came into force on 1st June 2019, means it is now illegal for landlords and estate agents to charge renters extra fees. The Tenant Fees Actapplies to new tenancies and renewals of tenancies, meaning that landlords and letting agents aren’t able to charge for a range of admin fees that they previously had...
For most long-term tenancies you would expect to be responsible for the payment of all the utilities, including gas, electricity, water, and council tax along with the cost of media and TV licences. If you are eligible for a discount on your council tax (for example because you live alone or are a student) you would need to apply to the council dir...
Many agents and some landlords will take payment of the initial money (and sometimes ongoing payments) by credit card. Unlike supermarket purchases, the cost of paying by credit card is not included within the rent and so an additional premium may be due to cover the cost of the transaction.
Generally, if rents are paid monthly they will fall due on the same day of the month that the tenancy started. The payment dates don’t always coincide with salary payment dates and so if your rent falls due shortly before your salary is paid, it may be worth asking the landlord to move the payment date. You will probably need to make an additional ...
If you are going to share your property with a flat mate or house mate, make sure that they are named on the tenancy agreement. If they are not on the agreement, they are not legally liable for the costs and so in the case of a problem you could end up being liable for everything. If you are thinking of renting a room out to a lodger or someone not...
Staying long term in the same property can provide good savings. If you take a longer-term tenancy you can lock in the rent payment for years rather than months and if the landlord does want to include some rent increase at a later date, you can agree this in advance so that you can plan for the future. Longer term tenancies also save on the costs ...
Find out the rental value of a property in seconds using our online rent calculator. Simply enter an address for an accurate estimation. Learn more.
Whether you’re interested in getting an idea of how much your home is worth to rent, just out of curiosity or in order to become a landlord, here’s how. Our rent calculator works out how much rent you should charge based on your property type, location and local demand.
Check if there are hidden costs. When you view a property, ask the landlord or letting agent about everything you’ll have to pay if you rent the property. This helps you avoid unexpected costs. It’s best to ask for details of any extra costs in writing. Other than your rent, your landlord or letting agent can only charge you for:
