Free Rental Data Tool

Rent Estimate Calculator

See what a rental with your bedroom count goes for in your metro, from the rentals Resideline tracks across 611 US metros. Free, no signup.

Inputs

Pick a metro and a bedroom count

Start typing a metro, then pick it from the list. The estimate appears as soon as one is chosen.

How the rent estimate calculator works

Pick a metro and a bedroom count and the page returns the median rent that rentals of that size were last listed at when they left the market there in the past 12 months, along with the middle half of the range and the number of rentals behind it. Nothing about your own property is looked up, scraped or modeled: the answer is the market, read straight from the rental listings Resideline tracks, so you can price a unit against what its neighbors were listed at rather than against an estimate of an estimate.

What the numbers mean

  • Median rent = the middle value of the last asking rents on rentals that left the market, for that bedroom count
  • Typical range = the 25th to 75th percentile of those rents, where half of them sit
  • Rentals tracked = how many rentals of that size the median rests on, after removing duplicate listings of the same address and date
  • Asking now = the median of listings still active at the last refresh, a read on where the market is heading

Worked example

Choose Tampa, FL and 3 bedrooms. The page shows a median of 2,500 dollars a month, a typical range of 2,100 to 3,200 dollars, and 1,271 rentals behind the number. Listings still active ask a median 2,500 dollars, so the market has not moved between what recently came off the market and what is on offer today. A three-bedroom in average condition on an ordinary street belongs near the median; a renovated house in a strong school zone can sit in the top of the range, and a dated unit far from the core belongs near the bottom.

How to use the estimate

Start at the median and move within the typical range for condition, location and finishes. If your own comparable listings sit outside the range, trust the comps and treat the metro figure as the sanity check. Then carry the rent into the Rental Property Calculator to see cash flow, cap rate and DSCR at that rent, or the Rent Affordability Calculator to see the income a tenant needs to qualify.

Frequently asked questions

Is this the rent I will actually collect?

Not exactly. The figure is the median of the last asking rents on rentals that left the market in your metro over the past 12 months, for the bedroom count you picked. It is the last price asked before the listing came down, not the lease that was signed, so treat it as the market rate to price against rather than a guarantee.

Why is my metro not in the list?

A metro appears once Resideline has tracked at least 150 rentals leaving the market there in the past 12 months, and a bedroom count appears once it has at least 20. That keeps every number on this page a real median rather than a guess from a handful of listings. About 611 US metros clear the bar today, and the list grows as coverage grows.

How is this different from a Rent Zestimate or Rentometer?

Those tools model one address. This page reports what rentals with the same bedroom count in the same metro were last listed at when they came off the market, with the middle half of that range and the count behind it. It is a market benchmark you can check against your own comps, not a prediction for a specific unit.

Does it mix houses and apartments?

Yes. The medians cover every rental type Resideline tracks in the metro, houses, condos and apartments together. Where condos and apartments make up a large share of a metro, the page says so under the estimate, because a three-bedroom house and a three-bedroom apartment rarely rent for the same number.

How current is the data?

Each figure covers the 12 months ending at the most recent monthly refresh, and duplicates of the same address and date are removed before the median is taken. The Asking now column is the median of listings that were still active at the refresh, so you can see whether the market is moving above or below what recently came off the market.

Related calculators

Want the number for one address, not the metro? Resideline analyzes any US property with comps and rent estimates, and its public accuracy scoreboard shows a 3.26 percent median error. Plans start free and go from $29/mo.